Report: Global market for LRT gear is substantial
Written by William C. Vantuono, Editor-in-Chief
The global market for light rail transit vehicles could reach $7.5 billion by 2015, according to a report released by San Jose, Calif.-based Global Industry Analysts, Inc.
The report, titled “Light Rail: A Global Strategic Business Report,” provides a review of light rail market, outlook, growth drivers, number of light rail installations, and recent corporate developments. The study analyzes market data and analytics in the global market in terms of dollar sales for the years 2006 through 2015, breaking the picture into four markets: North America, Europe, Asia-Pacific, and Rest of World.
The company identified 66 companies actively involved in the production of LRT vehicles and related equipment, with key players including Aecom Technology Corp., Alstom SA, Ansaldo STS SpA, AnsaldoBreda Inc., Balfour Beatty Plc., Bombardier Transportation, Invensys Plc, MTR Corp. Ltd., Siemens Transportation Systems Inc., Solaris Bus & Coach S.A., and Veolia Transportation, Inc.
More details are available at http://www.strategyr.com/Light_Rail_Market_Report.asp.
