Global Light Rail Market Growth 2023-2029

Global Light Rail Market Growth 2023-2029

Light rail is a form of urban rail transport using rolling stock similar to a tramway, but operating at a higher capacity, and often on an exclusive right-of-way. A few light rail networks tend to have characteristics closer to rapid transit or even commuter rail; some of these heavier rapid transit-like systems are referred to as light metros. Other light rail networks are tram-like in nature and partially operate on streets.

LPI (LP Information)' newest research report, the “Light Rail Industry Forecast” looks at past sales and reviews total world Light Rail sales in 2022, providing a comprehensive analysis by region and market sector of projected Light Rail sales for 2023 through 2029. With Light Rail sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Light Rail industry.

This Insight Report provides a comprehensive analysis of the global Light Rail landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Light Rail portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Light Rail market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Light Rail and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Light Rail.

The global Light Rail market size is projected to grow from US$ 2400.4 million in 2022 to US$ 3479.3 million in 2029; it is expected to grow at a CAGR of 3479.3 from 2023 to 2029.

Light rail systems are found throughout the world, on all inhabited continents. They have been especially popular in recent years due to their lower capital costs and increased reliability compared with heavy rail systems.

This report presents a comprehensive overview, market shares, and growth opportunities of Light Rail market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
by Capacity
Low Capacity Light Rail
High Capacity Light Rail
by Ground Clearance
Low-floor Light Rail
High-floor Light Rail

Segmentation by application
Intra-city Transport
Inter-city Transport

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Alstom
Bombardier
Construcciones Y Auxiliar De Ferrocarriles
CRRC Corporation
Mitsubishi Electric
Siemens
AmstedMaxion
Astra Rail
Azovobshemash
Bradken
Cyient
DCD Rail
Downer Rail
éolane
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Light Rail market?

What factors are driving Light Rail market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Light Rail market opportunities vary by end market size?

How does Light Rail break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.