Urban Transport Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
Urban transport systems refers to highly accessible transport infrastructures that assists in urban movements of passengers and freight. As cities are growing in population and size, the demand for urban transportation is increasing many folds. Moreover, owing to inadequate public transportation, private vehicles are growing rapidly thus adding to the traffic congestion issues. Furthermore, the traditional approach of resolving traffic congestion issue by increasing capacity of the road network is not suitable anymore, owing to new commercial and residential developments established roadsides. In addition, due to the increase in the price of construction materials, it has become very expensive for cities to increase the capacity of the existing road network. Consequently, many cities across the world have reached a stage where adding new lanes to the road is not possible due to unavailability of land. Thus, the only growth management plan for controlling such serious issues seems to be urban transport systems that is expected to reduce the cost of transport and upgrade the quality of life across cities.
Traffic congestion owing to ever-growing population and scarcity of land is the driving factor for the urban transport systems market. Traffic congestion not only adds to air and sound pollution but imposes considerable cost in terms of health and productivity. Also, it increases the probability of accidents which may lead to human and property damage. Therefore, government across the world have started taking serious actions for the execution of urban transport systems projects. This is expected to be a major driving factor for the urban transport systems market.
Threat affecting the urban transport systems market is the high cost associated to it. Since planning, operating, financing and maintenance of an urban transport system needs significant investment, it poses a multi-dimensional challenge for the government or regulatory bodies worldwide. However, with growing urban population and resulting traffic congestion, government is generating several financial modes such as levy of cess, use of FSIs and TDRs, and inclusion of income generating assets to generate revenue for urban transport systems successfully.
New opportunities that are expected to signal growth to the urban transport systems market include the increasing demand from metropolitan cities across the world. Metropolitan cities are center of diverse activities and are densely populated. They are an attractive choice in terms of living, working and housing. Owing to this, they suffer from limited space availability, traffic congestion, inadequate parking spaces and noise and air pollution. Therefore, high capacity modes that offer greater mobility for the growing population are increasingly essential for their efficient accessibility and economic development. As a result, government is taking up execution of urban transport systems, on a priority basis in metropolitan cities worldwide.
Urban transport systems market can be segmented on the basis of transit modes, city type, and geography. On the basis of transit type, the urban transport systems market can be segmented into rapid transit, semi-rapid transit and street transit. The street transit mode can be further segmented into private, for-hire, and public transit modes. On the basis of city type, the urban transport systems market can be segmented into metropolitan, urban, and semi-urban cities. These city types are basically classified on the basis of their population. On the basis of geography, the urban transport systems market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America.
Some of the key players in the urban transport systems market include Egis S.A., Aurecon Group Brand (Pte) Ltd., ILF Consulting Engineers, s.r.o., Ericsson Inc., Urban Mass Transit Company Ltd, SWARCO AG, Toyota Motor Corporation, Siemens AG, Mitsubishi Heavy Industries Group, and Moataz Makki Engineering Consultancy.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from ICT
TechnologyHigh-Performance Computing-Thematic Research