LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global light rail market report. This research report also lists 33 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global light rail market is moderately competitive because of the presence of a moderate number of vendors manufacturing rolling stocks. Many European and Chinese companies have strong market positions. Some of the leading vendors in the market are Alstom, Bombardier Transportation, China CNR, China South Locomotive and Rolling Stock, CJSC Transmashholding, CAF, GE Transportation, Hitachi, Hyundai Rotem, Kawasaki Heavy Industries, Mitsubishi Electric, and Siemens. These players have a vast geographical presence with respect to the rail supply and its infrastructure business. “The market is characterized by its capital-intensive nature, which requires high initial investment cost. The key differentiating element in this industry is the contract fulfillment and project cost offered by companies,” says Sharan Raj, a lead analyst at Technavio for logistics.
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Top six light rail market vendors
Alstom was founded in 1928 and is headquartered in Saint-Ouen, Paris, France. The company designs, supplies, and provides services to rail transport products and systems in France and worldwide. It also offers integrated power plants and related services and equipment for wide variety of energy sources, as well as technological solutions to reduce emission.
In February 2016, the company plans to supply 26 CITADIS tram kits to Cital, a joint venture between Entreprise Métro d'Alger (EMA), Alstom, and Ferrovial, for assembling at its plant located in Annaba Province, Algeria. This supply contract was ordered to Cital by EMA for Setif Province, Algeria.
Bombardier was founded in 1942 and is headquartered in Montreal, Canada. The company designs, manufactures, and sells transportation equipment. As of December 31, 2015, the company recorded revenue of USD 18.17 billion and employs around 70,900 people worldwide. It invested USD 1.79 billion on R&D in FY2015.
The company, through its transportation segment, provides light rail vehicles to the urban rail sector. It provides a comprehensive product portfolio that ranges from 100 to 70% low floor trams and light rail vehicles. So far, it has delivered 3,500 light rail vehicles and trams to clients in more than 20 countries globally.
CAF was incorporated in 1917 and is headquartered in Beasain, Spain. The company engages in manufacturing and marketing of rolling stock and railway components such as high-speed trains, metros, trams and LRV's, regional and commuter trains (diesel and electric), locomotives, axles and components primarily in Spain.
CAF offers broad range of products and services related to transportation including light rail vehicle and tram-trains, commuter trains, metros, trams and light metros, traction systems and converters, and energy storage systems. The company has vast experience in the manufacture and implementation of urban transport systems like Urbos solution. This solution includes a range of trams, light rail vehicles, and tram-trains for passengers and commuters within city and nearby places.
CRRC was formed in 2015, with the merger of China CNR Corporation (CNR) and CSR Corporation (CSR) and is headquartered in Beijing, China. It is a state-owned firm, which supplies rail transit equipment and related technologies. The company's business activities include R&D, design, manufacture, and related technical services for urban rail transit vehicles, railway rolling stock, engineering machinery as well as consulting services. It operates 46 wholly-owned and partially-owned subsidiaries located globally.
The company under its rolling stock product category provides light rail vehicles. It develops and manufactures mass transit vehicles that provide low-level access along with low noise and comfort for the passengers and commuters. Its light rail vehicle features with aluminum floor, automatic drive, and bolsterless bogie.
Mitsubishi Electric was established in 1921 and is headquartered in Tokyo, Japan. The company manufactures and markets electrical and electronic products and systems worldwide. Its products are used in energy and electric systems, industrial automation, information and communication systems, electronic devices, and home appliances.
The company provides a wide array of product offerings to the diverse end market. For the transportation sector, it provides rolling stock systems, station facility systems, transportation planning and control systems, communication system, as well as power supply and electrification systems.
Siemens was founded in 1847 and is headquartered in Munich, Bavaria, Germany. The company is a multinational conglomerate with core activities in the fields of energy, healthcare industry, and infrastructure sectors. It focuses on the areas of digitalization, electrification, and automation. The company produces energy-efficient and resource-saving technologies. It provides systems for power generation and transmission and medical diagnosis. In addition, the company specializes in infrastructure and industry solutions.
The company offers integrated mobility solutions through its mobility division for sustainable solutions in the railway sector. It provides balanced and comprehensive rail-based solutions, like light rail, trams, and metro services for passengers and commuters.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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