Global Metro Rail Network Infrastructure Market Size To Worth USD 81.04 Billion by 2033 | CAGR of 6.30%
Category: Automotive & TransportationGlobal Metro Rail Network Infrastructure Market Size To Worth USD 81.04 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Metro Rail Network Infrastructure Market Size is Expected to Grow from USD 43.98 Billion in 2023 to USD 81.04 Billion by 2033, at a CAGR of 6.30% during the forecast period 2023-2033.
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Browse key industry insights spread across 240 pages with 100 Market data tables and figures & charts from the report on the “Global Metro Rail Network Infrastructure Market Size, Share, and COVID-19 Impact Analysis, By Structure (Elevated, At Grade Level, and Underground), By Application (Rolling Stock, Station, Track System, Signal & Telecommunication System, Power Supply System, Ticketing System and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/metro-rail-network-infrastructure-market
The industry centered on the design, building, and modernization of metro rail systems, including rolling stock, stations, tracks, signaling systems, and power supply networks, is known as the metro rail network infrastructure market. The market for metro rail network infrastructure is primarily driven by factors such as: increasing government spending, rapid urbanization, technological advancements like digital ticketing and automation, a growing emphasis on environmental sustainability, the need for efficient transit solutions because of population density, and public-private partnerships that foster innovation and funding. These components all cooperate to facilitate the continuous expansion and modernization of metro rail networks worldwide. One of the main drivers of the worldwide metro rail network infrastructure market's expansion is the world's growing population. Another is the necessity for railroads, which is being driven by the fast development of smart cities. Additionally, because railway transit generates less pollution than other modes of transportation, there is an increasing demand for efficient and environmentally friendly modes of transportation. By 2026, the Mumbai Metropolitan Region Development Authority also intends to complete the 337-kilometer metro rail line, which will enable commuters to travel around the city in 60 minutes. The completion of nine lines totaling 180 km of metro development is anticipated to spur substantial growth in the metro rail infrastructure industry. However, establishing metro rail networks requires a significant upfront financial investment for technology, equipment, site acquisition, and construction.
The elevated segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the structure, the metro rail network infrastructure market is divided into elevated, at grade level, and underground. Among these, the elevated segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Because elevated systems require less land acquisition than their underground equivalents, they are more cost-effective and quicker to install in densely populated urban areas.
The station segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the metro rail network infrastructure market is divided into rolling stock, station, track system, signal & telecommunication system, power supply system, ticketing system, and others. Among these, the station segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The expansion of metro rail stations aimed at improving sustainability and urban mobility can be attributed to several factors. As urban population density increases, so does the need for efficient transportation systems, prompting authorities to expand metro networks to accommodate commuter needs.
Asia Pacific is estimated to hold the largest share of the metro rail network infrastructure market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the metro rail network infrastructure market over the forecast period. Cities in the Asia Pacific region face significant transportation challenges, including traffic and pollution, as a result of their fast urbanization and population growth. In order to address these issues in the long run, the governments in the area are investing heavily in metro rail networks. Furthermore, robust economic growth and growing disposable incomes are driving the need for comfortable and efficient public transportation options.
North America is predicted to have the fastest CAGR growth in the metro rail network infrastructure market over the forecast period. Government support and funding play a major role in the expansion and development of metro infrastructure. The federal, state, and local governments may need to provide funds for the planning, construction, and upkeep of metro networks. For instance, in November 2023, the Biden Administration provided USD 1.64 billion to assist in the building of four new stations in the Bronx as part of the extension of Metro-North Railroad's connection to Penn Station.
Major key players in the metro rail network infrastructure market include Bombardier Transportation, Alstom SA, Siemens Mobility, Hitachi Rail, CRRC Corporation Limited, General Electric (GE Transportation), CAF (Construcciones y Auxiliar de Ferrocarriles), Hyundai Rotem, Talgo, Mitsubishi Heavy Industries, China Railway Construction Corporation (CRCC), Larsen & Toubro (L&T), and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the metro rail network infrastructure market based on the below-mentioned segments:
Global Metro Rail Network Infrastructure Market, By Type
- Elevated
- At Grade Level
- Underground
Global Metro Rail Network Infrastructure Market, By Application
- Rolling Stock
- Station
- Track System
- Signal & Telecommunication System
- Power Supply System
- Ticketing System
- Others
Global Metro Rail Network Infrastructure Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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