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New Public Transport Planning Strategies amid Coronavirus Scare Drive Revenue

The Covid-19 crisis has greatly impacted the public transport ridership and service provision worldwide. This has led to a ripple effect in the urban rail transit market. As such, massive coronavirus lockdown relaxations in urban transportation are anticipated to fuel market growth and offset the losses in 2021 and 2022. New public transport planning strategies are setting production wheels in motion for automotive companies.

Major decline in service capacity of urban rail transit is predicted to affect business activities for automotive companies. Loan extensions, delay in debt payments, and strategic budget allocation for business activities are becoming increasingly commonplace in the urban rail transit market. The reopening of commercial, educational, and industrial sectors is kick-starting revenue flow in the urban rail transit market.

urban rail transit market segmentation

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Light Rails to Serve as Integrated Public Transport Systems in Sydney

The light rail service is gaining visibility in Sydney. Advantages such as high passenger capacity per lane, per hour, and lowering of operating cost per passenger are catching the attention of city planners. However, high capital investment, inflexibility of route, and disruption in traffic during construction activities are shortcomings of light rail for Sydney. Hence, companies in the urban rail transit market are seeing light rails as an integrated public transportation system in Sydney instead of a separate money making venture.

Land use and transportation are being planned together to make light rails a success in Sydney. Such trends are bolstering growth of the Australia urban rail transit market.

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ICT-enabled Applications Meet at Crossroads with Intelligent Urban Rail Transit Systems

Major technological feats such as driverless metros in Delhi, India, are bringing a significant change in revenue growth of the India urban rail transit market. In a densely populated country such as India, investors are tapping into incremental opportunities in automotive and public transport sectors of the country.

Intelligent urban rail transit systems are fueling the growth of the market. The growing demand for low energy consumption and high efficiency have set the manufacturing standards for automotive companies. ICT (Information and Communication Technologies)-enabled applications in modern rail transits are making transportation safer and convenient for passengers. However, it is challenging to maintain reliable train to ground wireless communication networks. Hence, stakeholders in the urban rail transit market are increasing their R&D expenditure to establish robust infrastructure in urban rail transit systems.

CCTV, Multimedia Advertising Facilities Offer Passenger Safety, Revenue Opportunities

Europe is dominant in the urban rail transit market. In order to support multi-line centralized operations, companies are offering cloud solutions to deliver openness and compatibility. Trends are shifting toward fully automated operations where Huawei— a Chinese multinational technology company, is providing its Urban Rail LET-M Solution and Urban Rail Agile IP Network Solution to clients to improve their operational efficiency.

IP (Internet Protocol)-based systems and applications are offering large transmission bandwidth for wireless communication. Companies in the urban rail transit market are accommodating CCTV and multimedia advertising facilities in systems to meet requirements of stakeholders in the value chain. The proliferation of enhanced machine type communication (eMTC) and the Internet of Things (IoT) are fueling market growth.

Consultation Firms Make Available Affordable, Durable Infrastructures

Consultation firms are an important part of the urban rail transit market. SYSTRA— an international engineering and consulting group in the mobility sector caters to new habits of passengers and offers safe solutions in urban rail transit systems. Attractive and durable infrastructures have become the need of the hour in order to prevent accidents and other unanticipated events. Automotive companies are addressing issues of acoustics and vibrations in systems to gain a competitive edge over other market leaders.

Companies in the urban rail transit market, government organizations, and consultation firms are partnering to enhance the station atmosphere and travelers’ experience. Optimization of costs via the availability of affordable infrastructure is emerging as a closing deal for government organizations.

urban rail transit market infographic

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Analysts’ Viewpoint

An increase in passenger demand and ridership levels with declining COVID-19 cases is predicted to drive the urban rail transit market. Light rails planning is echoing in Sydney and other cities of Australia, due to advantages of alternate road uses, aesthetic trams, and easy transmission of electricity.

However, emerging economic and technical trends are challenging ICT and automotive companies to deliver secure rail operation management. Hence, companies should collaborate with consultation firms and government organizations to gain insights on improving wireless communication networks to offer a large transmission bandwidth. Manufacturers are innovating in resilient and affordable urban rail transit systems that tackle natural and technological risks.

Urban Rail Transit Market: Overview

  • The global urban rail transit market is anticipated to expand at a CAGR of ~3% during the forecast period, owing to rise in government spending toward decongesting urban traffic. Major cities around the globe are deploying urban rail transit systems in urban areas for free movement of commuters, thereby avoiding traffic jams and making city life more easy and comfortable. Therefore, these factors are anticipated to drive the global urban rail transit transport during the forecast period.
  • In 2017, metros carried ~53 billion passengers in 178 cities worldwide. Considering an average occupancy of 1.3 passengers per private car, metros remove the equivalent of 133 million cars from city streets every day.
  • Most advantages can be further amplified with fully automated metros. Full automation is expected to become the mainstream design for new metro lines over the next five years.

Drivers of Urban Rail Transit Market

  • Trends in the mobility sector are characterized by the need for solutions that make daily mobility simpler, faster, more flexible, reliable, and affordable. Cities and national economies face the challenge of reducing costs, space requirements, noise, and CO2 emissions of transportation. The pressure on urban rail transit providers and policymakers to meet these mobility and transportation needs is growing, as urban populations are expected to continuously rise and subsequently, drive inexpensive, environment-friendly, and rapid mode of urban rail transit systems.

Challenges for Urban Rail Transit Market

  • The COVID-19 pandemic has negatively impacted the global economy, disrupted the global urban rail transit supply chains and created significant economic uncertainty where the urban rail transit manufacturing activities were significantly reduced or suspended for several weeks, starting in the last weeks of April and through the month of May. Operations globally gradually resumed with new safety measures in place; however, the cost of urban rail transit projects has been elevated due to the delay in project execution and urban rail transit raw material prices post COVID-19 scenario. These factors collectively hampered the urban rail transit market.

Urban Rail Transit Market Segmentation

  • The global urban rail transit market has been segmented based on rail type, autonomy, autonomy level, and region
  • Based on rail type, light urban rail transit systems, such as trams, have become a fixture in numerous cities around the world. Presently, they are being recognized as the most promising system for Tier 2 and Tier 3 cities. New initiatives in developing countries for metrolite systems are likely to boost the adoption of this type of urban rail transit systems in multiple cities in the near future.
  • Based on autonomy, currently, most urban transit system deliveries are semi-automated and fully automated. Moving forward, urban rail transit systems are expected to be connected, data-driven, shared, on-demand, and highly automated.
  • Based on autonomy level, urban rail transit deliveries are mostly semi-automatic in developing countries, while in developed nations, orders witness GoA 3 and GoA 4 autonomy level urban transit rails

Urban Rail Transit Market: Regional Analysis

  • Based on region, the global urban rail transit market has been segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • Asia Pacific is projected to be highly lucrative region of the global urban rail transit market during the forecast period. This is primarily due to high urban rail transit infrastructure project investments by rapidly developing countries in the region. Consequently, governments are committed to promoting public transport systems. Public transportation infrastructure in India needs considerably high investment and massive upgrade to fuel a modal shift from private vehicles. It is estimated that over 50% of people in India would be living in urban areas by 2050. Metro rail is seen as a necessary solution for developing mass rapid transit systems in large cities across India.

Urban Rail Transit Market: Competition Landscape

  • Key players operating in the global urban rail transit market include
    • CRRC Corp Ltd
    • Alstrom
    • Larsen & Toubro Limited
    • Siemens AG
    • Kawasaki Heavy industries, Ltd
    • Hitachi Ltd.
  • Alstrom has acquired Bombardier Transportation. This development is estimated to enable the Alstrom Group to accelerate on its strategic roadmap and strengthen its leadership in the context of a dynamic urban rail transit market, at a time where sustainable transportation is the current agenda of several countries across the globe.

Urban Rail Transit Market – Scope of the Report

Transparency Market Research’s recent report on the urban rail transit market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the urban rail transit market analyzes the scenario for the period of 2019 to 2031, wherein, 2019 is the base year, and 2018 and before is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study.

This TMR study on the urban rail transit market also provides data on the developments made by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of the strengths, weaknesses, threats, and opportunities, along with the trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the urban rail transit market gives readers an individual understanding of the market.

Key Questions Answered in This Report on Urban Rail Transit Market

  • How much value will the urban rail transit market generate by the end of the forecast period?
  • Which segment of the market is likely to have the maximum market share by 2031?
  • What are the impact factors and their effects on the market for urban rail transit?
  • What regions currently contribute the maximum share to the overall urban rail transit market?
  • What are the indicators expected to drive the urban rail transit market?
  • What region is likely to be a lucrative market during the forecast period?
  • What are the essential strategies by key stakeholders in the urban rail transit market to expand their geographic presence?
  • What are the major advancements witnessed in the urban rail transit market?
  • How regulatory norms affected the market for urban rail transit market?

This report answers these questions and more about the urban rail transit market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Urban Rail Transit Market – Research Methodology

This TMR report on the urban rail transit market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. Market volume is determined by country wise model mapping of vehicle through internal & external proprietary databases, and relevant patent and regulatory databases. The competitive scenario of the urban rail transit market is supported by an assessment of the different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data, current trends and announcement by the key players, researchers of the urban rail transit market arrive at predictions and estimations, and calculate the forecast for the market.

This report uses an analytical triangulation method to estimate the numbers and figures of the urban rail transit market, with both a bottom-up and top-down approach.

This detailed assessment of the urban rail transit market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the urban rail transit market is estimated to expand are based on carefully vetted primary and secondary sources.

Urban Rail Transit Market – Segmentation

This report on the urban rail transit market provides information on the basis of rail type, autonomy, autonomy level, and region.

Rail Type

  • Metro/Subway
  • Monorail
  • Suburban
  • Tram
Autonomy
  • Manual
  • Semi-autonomous
  • Fully Autonomous
Autonomy Level
  • GoA-0 (On-sight)
  • GoA-1 (Manual)
  • GoA-2 (Semi-automatic Train Operation [STO])
  • GoA-3 (Driverless Train Operation [DTO])
  • GoA-4 (Unattended Train Operation [UTO])
Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

This study also discusses the underlying trends and impact of various factors that are driving the urban rail transit market, along with their influence on the evolution of the market.

This study also offers Porter’s Five Point Analysis, value chain analysis, regulatory scenario, and a SWOT analysis of the urban rail transit market, in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market.

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Urban Rail Transit Market

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