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A Light Rail transit (LRT) is a medium capacity mode of mass rapid transport that uses equipment and infrastructure, which is less massive than the heavy rail modes such as commuter and metro rail systems or subways. These systems can be integrated into any city due to their operating flexibility, which has been driving the market growth.
Technavios analysts forecast the global light rail market to grow at a CAGR of 4.76% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global light rail market for the period 2016-2020. To calculate the market size, this report covers revenue generated by the vendors in the market.
The market is divided into the following segments based on geography: Americas APAC Europe MEA
Technavio's report, Global Light Rail Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors Alstom Bombardier Construcciones Y Auxiliar De Ferrocarriles SA (CAF) CRRC Corporation Mitsubishi Electric Siemens
Other prominent vendors AmstedMaxion Astra Rail Azovobshemash Bradken Cyient DCD Rail Downer Rail olane FreightCar America Hitachi Rail Europe Japan Transport Engineering Company JSC Dneprovagonmash JSC Kryukovsky Railway Car Building Works JSC Zavod Metallokonstruktsy Kinki Sharyo National Steel Car Newag Nippon Sharyo OJSC Altaivagon PESA Bydgoszcz SA PKC Group Progress Rail Services Promtractor-Vagon CJSC SCG Solutions Sinara Transport Machines Skoda Transportation Stadler Rail Group Talgo Tatravagonka Poprad The Greenbrier Companies Trinity Industries Vossloh Group Wabtec Corporation
Market driver Urbanization and increased mobility For a full, detailed list, view our report
Market challenge High initial investment For a full, detailed list, view our report
Market trend Emergence of PPP model in developing countries For a full, detailed list, view our report
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