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(USGovernment-News.Com, October 05, 2018 ) This industry study presents the global Public transport and Railways market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Public transport and Railways production, revenue and market share by manufacturers, key regions and type;
The consumption of Public transport and Railways in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders SMRT, Prasarana Malaysia Berhad, etc.
Public transport is a shared passenger-transport service which is available for use by the general public, as distinct from modes such as taxicab, carpooling, or hired buses, which are not shared by strangers without private arrangement.
Government and regulatory bodies are striving for the furtherance of the transport infrastructure systems, as it replicates the development of the economy. The restraints of the railway management system market include operational efficiency & increasing congestion, high initial cost of deployment & capacity, and lack of ICT infrastructure & interoperability.
The rail traffic management system is expected to grow at the highest Compound Annual Growth Rate (CAGR) during the forecast period, due to the rise in installations of intelligent signaling solutions and demand for real-time train planning & route scheduling. In addition to that, traffic analytics solutions provide information for planning and forecasting for improved and advanced traffic management. The solution helps railway operators determine the future trends and patterns of transportation.
With regards to the geographic analysis, Europe is expected to benefit from its technological advancements, large number of smart devices, strong government regulations, followed by high usage of big data analytics, and predictive and sensor analytics across the railways industry.
Asia-Pacific (APAC) is expected to lead the railway management system market, by region, between 2016 and 2021. The growth can be attributed to the global competition, increasing penetration of smart devices, connected machines, and increasing investment in smart cities.
Global Public transport and Railways market size will reach 99100 million US$ by 2025, from 33500 million US$ in 2017, at a CAGR of 14.5% during the forecast period. In this study, 2017 has been considered as the base year and 2018-2025 as the forecast period to estimate the market size for Public transport and Railways.
The following manufacturers are covered in this report:
• SMRT
• Prasarana Malaysia Berhad
• SBS Transit
• Keretapi Tanah Melayu Berhad (KTMB)
• MRT Corp
Public transport and Railways Breakdown Data by Type:
• Bus
• Heavy Rail
• Light Rail
• Trolley Cars
Public transport and Railways Breakdown Data by Application:
• Perconal
• Company
The study objectives of this report are:
To analyze and research the global Public transport and Railways status and future forecast involving, production, revenue, consumption, historical and forecast.
To present the key Public transport and Railways manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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