Report overview
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.
This report contains market size and forecasts of Light Rail Vehicle in global, including the following market information:
Global Light Rail Vehicle Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Light Rail Vehicle Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Light Rail Vehicle companies in 2021 (%)
The global Light Rail Vehicle market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Lower Capacity Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Light Rail Vehicle include Bombardier, Alstom, Siemens, Knorr-Bremse, Mitsubishi, CRRC, PKC Group, Progress Rail Services and Promtractor-Vagon CJSC, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Light Rail Vehicle manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Light Rail Vehicle Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Light Rail Vehicle Market Segment Percentages, by Type, 2021 (%)
Lower Capacity
Higher Capacity
Global Light Rail Vehicle Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Light Rail Vehicle Market Segment Percentages, by Application, 2021 (%)
Inner City Light Rail Vehicle
Interconnecting Cities
Global Light Rail Vehicle Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Light Rail Vehicle Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Light Rail Vehicle revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Light Rail Vehicle revenues share in global market, 2021 (%)
Key companies Light Rail Vehicle sales in global market, 2017-2022 (Estimated), (Units)
Key companies Light Rail Vehicle sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Bombardier
Alstom
Siemens
Knorr-Bremse
Mitsubishi
CRRC
PKC Group
Progress Rail Services
Promtractor-Vagon CJSC
SCG Solutions
Sinara Transport Machines
Skoda Transportation
Construcciones Y Auxiliar De Ferrocarriles SA (CAF)
