Press release
Light Rail Vehicle Industry Volume, Revenue, Scope, Key Drivers and Growth Rate Forecast 2025
This study focuses on the production side and consumption side of Light Rail Vehicle, presents the global Light Rail Vehicle market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. In terms of production side, this report researches the Light Rail Vehicle capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.In terms of consumption side, this report focuses on the consumption of Light Rail Vehicle by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. Light rail vehicle is considered as an efficient means of public transport, and is significantly contributing in reshaping the future of urban transportation. Light rail vehicles provide passenger service within or around the urban areas. Light rail vehicles are similar to that of a tramway but differ slightly in capacity.
Light rail vehicles have recently gained significant opportunities due to their lower capital costs and increased reliability as compared to heavy rail system. Light rail vehicle are being seen as an environment-friendly alternative for means of transport. Improved passenger comfort as well as enhanced environmental control is expected to drive the demand for light rail vehicles in the urban regions. Therefore, the market for light rail vehicle is expected to witness significant demand during the forecast period.
Growing urbanization and increased mobility are expected to be the key factors driving the growth of the light rail vehicle market during the forecast period. Growing population across the globe and a switch towards urbanization is expected to increase the demand in the transportation services. The rising demand from transportation services will be satisfied by an upsurge in production of rail supply, which in turn is expected to propel the demand for light rail vehicle during the forecast period.
Europe is the leading region in the light rail vehicle market. Germany and Russia collectively account for more than 33% of the total light rail vehicles around the world. Region such as the Middle East and Africa is expected to develop new and modern infrastructure with a faster growth rate. However, Latin America started considering light rail vehicle as a suitable means of transport and is expected to project significant growth during the forecast period.
The Light Rail Vehicle market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Light Rail Vehicle.
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This report includes the following manufacturers; we can also add the other companies as you want.
Bombardier
Alstom
Siemens
Knorr-Bremse
Mitsubishi
CRRC
PKC Group
Progress Rail Services
Market Segment by Product Type
Lower Capacity
Higher Capacity
Market Segment by Application
Inner City Light Rail Vehicle
Interconnecting Cities
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Key Regions split in this report:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
The study objectives are:
To analyze and research the global Light Rail Vehicle status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
To present the key Light Rail Vehicle manufacturers, capacity, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Light Rail Vehicle are as follows:
History Year: 2013-2018
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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QYResearch always pursuits high product quality with the belief that quality is the soul of business. Through years of effort and supports from huge number of customer supports, QYResearch consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Today, QYResearch has become the brand of quality assurance in consulting industry.
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