Mass Rapid Transit (MRT) Market Introduction

Mass rapid transit (MRT), also referred to as rapid transit, is a mode of public transportation capable of handling high volume of passengers. Mass rapid transit is widely used in metropolitan cities, urban agglomerations, and developing sub-urban areas to transport large number of passengers, often between short distances but at high frequency. Mass rapid transit generally comprises electrically operated trains that also operate as commuter rails

Mass Rapid Transit (MRT) Market- Competitive Landscape

Thales Group provided its electronic toll collecting system (ETCS) to the state railway of Thailand for its new railway line North Line and West Line as a part of Bangkok’s Mass Rapid Transit Master Plan. The Thales Group ETCS will help boost the train capacity by 40%

Thales Group

Founded in 1893, Thales group is a leading global technology company that operates in aerospace, transportation, and defense & security sectors. The company has a number of mass rapid transit solution for metros, light rail, trams, buses, and road. The company has expertise in IT-based & cyber security solution and is one of the key players in the MRT market. The company is a major supplier of critical electronic systems, with a portfolio that includes signaling, supervision, telecommunications, and ticketing

Bombardier Transportation  

Established in 1974, Bombardier Transportation is located in Canada. Bombardier Transportation’s major business segments are aerospace and Rail transportation. The company operates through 60 production and engineering sites spread across 28 countries, worldwide. It offers a full spectrum of rail solutions, ranging from complete trains to sub-systems, maintenance services, system integration solutions, and signaling systems.

Ansaldo STS

Ansaldo STS is a Hitachi Group company that engages in the design and implementation of solutions and components for signaling and in the automation of metro networks and railway lines. These include conventional and high-speed rails for transport of both passengers and goods. The company operates through seven business segments: high speed trains, computer-based interlocking, main lines & freight, metros & tramways, planning, supervision & traffic control; equipment & components, and operation & maintenance

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Mass Rapid Transit (MRT) Market Dynamics

Rising demand for mass transportation in mega metropolitan and urban cities

Mass rapid transit is a primary mode of transportation across urban areas, where it enhances the connectivity among different suburbs of urban areas. The cost effective nature & rising transportation demand from urban cities is propelling the demand of the MRT. Furthermore, a large number of passengers use it for commuting, as it connects crowded areas with the mainstream transportation lines. This is another factor that is likely to drive the mass rapid transit market during the forecast period

Mass Rapid Transit (MRT) to ease the burden on public transportation

Mass rapid transit is designed and developed to ease the burden on the traffic management system, as road traffic across urban and developing regions has been rising consistently over the last few years, which in turn increased the burden over the public transportation system. It is a considerably rapid mode of transportation; hence, governments of several nations are focused on increasing its mass rapid transit connectivity. This, in turn, is likely to propel the mass rapid transit market during the forecast period. Moreover, MRT also offers tourists and passengers a great view of the metropolitan city and its landmarks coupled with comfort and safety

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Mass Rapid Transit (MRT) Market Segmentation

Based on the Automation type, the Mass Rapid Transit (MRT) market is segmented into

  • GoA1
  • GoA2
  • GoA3
  • GoA4

Based on the Train type, the Mass Rapid Transit (MRT) market is segmented into

  • Heavy Rail
  • Subway
  • Metro
  • Underground
  • Others

Based on the Commuting Distance, the Mass Rapid Transit (MRT) market is segmented into

  • Intra-city
  • Intercity

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
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Mass Rapid Transit Mrt Market

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