What is Metro Car?
Metro car is used in the metro rail system that is widely used for urban transportation. Metro rail tracks are being developed in most of the urban cities with the aim of smooth public transportation to reduce road traffic and emission. Metros play an important role in mobility in urban areas. Asia is home to the metro rail-transport system as it has the 10 busiest metros in the region and many countries are looking to develop metro rail systems to solve the traffic issue due to the rapidly increasing population.
The market study is broken down by Type (Type A, Type B and Type C), by Application (Metropolitan Region, Large Cities and Mid-Sized Cities) and major geographies with country level break-up.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BEML Limited (India), Siemens (Germany), Bombardier Inc. (Canada), CRRC (China), Alstom (France), Stadler Rail (Switzerland), Nippon Sharyo (Japan), Hitachi (Japan), Škoda Transportation (Czechia), Kawasaki Rail Car, Inc. (United States) and Knorr-Bremse (Germany) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Metro Car market by Type, Application and Region.
On the basis of geography, the market of Metro Car has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Body Type, the sub-segment i.e. Stainless Steel will boost the Metro Car market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Traction Power, the sub-segment i.e. 25KV AC Through Conventional Overhead System will boost the Metro Car market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2021, BEML Limited introduced a driverless metro car for MMRDA. The cars are made from stainless-steel body and operate on 25kv AC traction power. It has 2280 passenger-carrying capacity and is equipped with CCTV surveillance and provision to carry passenger bi-cycles in the coaches.
- Emerging Trend of Driverless or Autonomous Metro Cars Across the Globe
- Increased Development of Metro Tracks in the Metropolitan and Urban Areas for Ease of Individual Mobility
- High Adoption of Stainless Steel Car Body Due to Its Light Weight
- High Growth of Metros in the Few Asian Countries and Europe
- Volatility in the Raw Material Prices and Ongoing Trade War Between the US and China
- High Maintenance Charges and Energy Cost of Metro Rail
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Metro Car Manufacturers, Raw Material Providers, Government Regulatory and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as BEML Limited (India), Siemens (Germany), Bombardier Inc. (Canada), CRRC (China), Alstom (France), Stadler Rail (Switzerland), Nippon Sharyo (Japan), Hitachi (Japan), Škoda Transportation (Czechia), Kawasaki Rail Car, Inc. (United States) and Knorr-Bremse (Germany) etc.
2. Can we have customized study for Metro Car Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Metro Car Market by 2027?
Analysts at AMA estimates Metro Car Market to reach USD Million by 2027.