Global Light Rail Market to Reach $7.5 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a global report on Light Rail. Global light rail market is projected to reach $7.5 billion by the year 2015. The market is driven by increasing popularity of light rail transit across various regions, owing to easy accessibility, reliability, and fast transportation services. Increased traffic congestion, rise in oil prices, and growing environmental awareness are few other factors driving the market for light rail. Various cities with an existing light rail transit system are in the process of extending their network, while others, which currently do not have a LRT in place, are setting up or planning for light rail transits.

Light Rail: A Global Strategic Business Report

The growing trend towards low-floor vehicles and modular vehicles are contributing to the global popularity of light rail. Irrespective of continued uncertainty in financial environment, the worldwide Light Rail Vehicles (LRV) market is expected to grow at a robust rate for the next few years. Increased rate of traffic congestion has resulted in the implementation of light rail systems in various urban areas of several countries. As an efficient and cost-effective medium to transport a large number of people to concentrated destinations, light rails provide an ideal choice for the reduction of Traffic Congestion during peak hours. Currently, more than 44,000 Light Rail Vehicles are operating across the world.

Europe represents the largest market for Light Rail Vehicles, as stated by the new market research report on Light Rail. The light rail market in Europe is poised to witness a robust growth in the next few years. In 2009, the continent boasted of a light rail network of an estimated 12,751.2 kilometers. Germany has the largest light rail network in the continent. Poland and the UK are the other major markets for light rail network in Europe.

North America is the second largest global market for light rail. Since the introduction of Light Rail Transits in North America, the market in general has been favorable, especially in certain metropolitan sectors. In the US, Light Rail Transit (LRT) overtook High Rail Transits as a commonly deployed mode of transport in several new leading transit corridors. Asia-Pacific represents the fastest growing market over the analysis period 2006-2015.

Key players analyzed include Aecom Technology Corp., Alstom SA, Ansaldo STS SpA, AnsaldoBreda Inc., Balfour Beatty Plc., Bombardier Transportation, Invensys Plc, Metrolinx, MTR Corp. Ltd., Siemens Transportation Systems Inc., Solaris Bus & Coach S.A., Valley Metro, Veolia Transportation, Inc., among others.

The report titled “Light Rail: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a review of light rail market, outlook, growth drivers, number of light rail installations, recent corporate developments, and coverage on select market participants. The study analyzes market data and analytics in the global market in terms of dollar sales for the years 2006 through 2015 by the following regional markets - North America, Europe, Asia-Pacific, and Rest of World.

For more details about this market research report, please visit – http://www.strategyr.com/Light_Rail_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website

Media