PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1490169
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1490169
Tram Systems Market, By Type, By Autonomy, By Propulsion Type, By Geography
The tram systems market is estimated to be valued at USD 136.67 Bn in 2024 and is expected to reach USD 304.72 Bn by 2031, growing at a compound annual growth rate (CAGR) of 12.1% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 136.67 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 12.10% | 2031 Value Projection: | US$ 304.72 Bn |
Tram systems are an integral part of urban transportation in many cities across the globe. A tram, also known as a streetcar, is a rail vehicle which runs on tracks laid along city streets. Tram systems help address the growing issues of traffic congestion, pollution, and limited parking spaces faced by many urban areas. They provide fast, affordable, and environment-friendly mobility options to citizens over short-medium distances within cities. Tram systems are also gaining popularity due to their lower installation and operational costs as compared to metro rail networks.
Market Dynamics:
The global tram systems market is driven by growing urbanization and rising demand for convenient public transportation solutions in cities. Additionally, several government initiatives promoting green mobility are also fueling the adoption of tram systems worldwide. However, high initial investment requirements for setting up tram infrastructure can restrain the market growth. Moreover, integration challenges with existing transportation networks pose opportunities for system providers. The market also witnesses opportunities from expanding the tram network length and growing investments in upgrading aging systems.
Key Features of the Study:
This report provides an in-depth analysis of the global tram systems market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global tram systems market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Bombardier Corporation, CRRC Corporation Limited, Hitachi Rail, Ansaldo STS, BYD Company ltd, General Electric, Alstom S.A., Thales Group, SIEMENS AG, Mitsubishi Electric, and ABB
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global tram systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global tram systems market
Market Segmentation
- By Type
- Straddle Monorail
- Suspended Monorail
- By Autonomy
- Semi-autonomous
- Completely Autonomous
- Manual
- By Propulsion Type
- Electric Monorail
- Maglev Monorail
- By Regional
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- Key Players Insights
- Bombardier Corporation
- CRRC Corporation Limited
- Hitachi Rail
- Ansaldo STS
- BYD Company ltd
- General Electric
- Alstom S.A.
- Thales Group
- SIEMENS AG
- Mitsubishi Electric
- ABB
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Autonomy
- Market Snippet, By Propulsion Type
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New System Launches/Approvals
- Impact of the COVID-19 Pandemic
4. Global Tram Systems Market, By Type, 2019-2031 (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Straddle Monorail
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Suspended Monorail
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
5. Global Tram Systems Market, By Autonomy, 2019-2031 (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Semi-autonomous
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Completely Autonomous
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Manual
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
6. Global Tram Systems Market, By Propulsion Type, 2019-2031 (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Electric Monorail
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Maglev Monorail
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
7. Global Tram Systems Market, By Region, 2019-2031 (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- North America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Autonomy, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Propulsion Type, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Autonomy, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Propulsion Type, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Autonomy, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Propulsion Type, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- China
- India
- ASEAN
- Australia
- South Korea
- Japan
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Autonomy, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Propulsion Type, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Autonomy, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Propulsion Type, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- GCC Countries
- South Africa
- Rest of the Middle East & Africa
8. Competitive Landscape
- Company Profiles
- Bombardier Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- CRRC Corporation Limited
- Hitachi Rail
- Ansaldo STS
- BYD Company ltd
- General Electric
- Alstom S.A.
- Thales Group
- SIEMENS AG
- Mitsubishi Electric
- ABB
- Bombardier Corporation
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Research Methodology
- References
- Research Methodology
- About us and Sales Contact
