The global metro vehicle market is steadily increasing with annual growth of 3.1% expected until 2035. This is the result of the current market study by SCI Verkehr, a management consultancy specialising in rail and logistics.
Besides the after-sales market, the market for new vehicles also contributes to growth at 1.1%, annually. Asia, especially India, is leading this expansion: More than 15% of all new systems are emerging in India. With more than 20 metro systems in the future, India will be the clear number 2 national market. By 2035, almost 500 km of new metro routes will have been added to the existing systems in India. In contrast to South and Central America, for example, China and India have necessary financial budgets to implement the systems or their expansion. A combination of urbanisation rates and financial capabilities of metropolises is crucial with regards to the extent of growth in new vehicles. The dominance of the Chinese manufacturer CRRC in the vehicle sector underlines their central role in the growth markets, supported by local production facilities in key markets such as China and India.
The market study “METRO VEHICLES – GLOBAL MARKET TRENDS 2024” is available in English from SCI Verkehr GmbH (www.sci.de/shop/). A data appendix in Excel format is also available for the study, which presents all the figures contained in the study in a transparent manner.
27.06.2024
