With the emergence and long-term Impact of COVID-19, the Global Metro Rail Infrastructure Market is to reach USD 68.86 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Metro Rail Infrastructure Market is poised to raise up to USD 68.86 Billion by 2030. Metro rail infrastructure is the physical components and facilities that constitute a metro or subway system within a city or urban area. Metro rail systems utilize trains or rail vehicles to facilitate passenger transportation within urban or city environments. The infrastructure of metro rail networks serves a crucial function in addressing urban transportation needs by offering rapid, effective, and eco-friendly mass transit options. This infrastructure aids in mitigating traffic congestion and advancing environmental sustainability goals. Advanced signaling and control systems ensure safe and efficient operation, while electrification systems power the trains and support various functions.
Safety and security measures are integrated throughout the infrastructure, and maintenance facilities are in place to keep the system running smoothly. The Metro Rail Infrastructure Market is expanding because of factors such as increasing traffic congestion, stipulating fuel prices and environmental concerns, coupled with the increasing government initiatives for improving public transportation infrastructure. In addition, the metro rail infrastructure industry experiences significant growth driven by the escalating rates of urbanization and the consequent necessity for efficient and sustainable urban transportation solutions.
According to the United Nations Conference on Trade and Development (UNCTAD) in 2022 the global population exceeded 8 billion, with 57% residing in urban areas. The growing population and density of cities worldwide underscore the essential need for reliable, high-capacity mass transit systems such as metro rail. Metro rail networks emerge as a vital remedy to the mounting challenge of urban traffic congestion. By furnishing a rapid and dependable alternative to private vehicle travel, metro rail systems play a pivotal role in mitigating traffic issues and diminishing travel times. Thus, these aforementioned factors are propelling the growth of the Metro Rail Infrastructure Market during the estimated period of 2023-2030.
Moreover, the rising focus on urban renewal and regeneration, as well as the surging demand for intermodal connectivity present various lucrative opportunities over the forecast years. However, the high upfront cost associated with metro rail project deployment and the integration with existing infrastructure are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Metro Rail Infrastructure Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rising development and expansion of metro rail infrastructure, growing focus on Public-Private Partnerships (PPPs), and high population density and land use policies in urban areas.
As urban areas become more densely populated, the need for efficient mass transit systems, such as metro rail, intensifies to tackle congestion and transportation hurdles. According to World Bank statistics, India’s urban population constitutes 36% of the total population, marking a 4% increase over the past decade.
Whereas, North America is expected to grow at a significant CAGR over the forecast years. Government backing and investment are pivotal in driving the expansion and enhancement of metro infrastructure. Financial support from federal, state, and local authorities is frequently indispensable for the planning, construction, and upkeep of metro systems. For instance, in November 2023, the Biden Administration allocated USD 1.64 billion to support the enhancement of Metro-North Railroad’s Penn Station access. This initiative includes the addition of four new stations in the Bronx, aiming to improve transportation infrastructure and connectivity in the region.
The global Metro Rail Infrastructure Market is highly competitive owing to the presence of several key manufacturers such as Siemens AG (Germany), Alstom SA (France), CRRC Corporation Limited (China), Thales Group (France), Hitachi Rail STS (Italy), CAF Group (Spain), and others.
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Key findings of the study suggest:
- Global Metro Rail Infrastructure Market is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period 2023-2030.
- In the infrastructure segment, station building emerged as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to rising development and expansion of metro rail infrastructure.
- North America is expected to grow at a high CAGR followed by Asia Pacific during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Structure:
- Underground
- Elevated
- At-grade
By Infrastructure:
- Alignment & Trackwork
- Station Building
- Signaling & Telecommunication
- Rolling Stock
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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