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.

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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.
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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.
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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.
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