Global and United States Light Rail Vehicle Market Report & Forecast 2022-2028

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.
Market Analysis and Insights: Global and United States Light Rail Vehicle Market
This report focuses on global and United States Light Rail Vehicle market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Light Rail Vehicle market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, by Type, Lower Capacity accounting for % of the Light Rail Vehicle global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Inner City Light Rail Vehicle was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Light rail vehicles have recently gained significant opportunities due to their lower capital costs and increased reliability as compared to heavy rail system. Light rail vehicle are being seen as an environment-friendly alternative for means of transport. Improved passenger comfort as well as enhanced environmental control is expected to drive the demand for light rail vehicles in the urban regions. Therefore, the market for light rail vehicle is expected to witness significant demand during the forecast period.
Global Light Rail Vehicle Scope and Market Size
Light Rail Vehicle market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Light Rail Vehicle market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Light Rail Vehicle market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Lower Capacity
Higher Capacity
Segment by Application
Inner City Light Rail Vehicle
Interconnecting Cities
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
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)