Commuter Train Services Market: Introduction
- Commuter
trains are rail transportation systems for passengers within limits of a
metropolitan city or to other smaller suburbs. Commuter rail service is
the backbone of the local public transportation system in numerous
countries around the world and accounts for more than 80% of total railway
passenger volume.
- Commuter
trains are built to main line train standards and generally share the same
tracks with the main line trains, which reduces the total cost of infrastructure
Major Key Players of
the Commuter
Train Services Market are:
Bombardier, CAF, EKE-Electronics Ltd, Herzog Transit Services, Inc.,
Hitachi, Keolis Commuter Services, RailWorks Corporation, Siemens Mobility,
SNC-Lavalin Group, Sotetsu Holdings, Inc.
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Key Drivers of Commuter Train Services Market
- Rise
in number of on-road vehicles is a major reason for the rise in
environmental pollution across the globe. Tailpipe emissions such as
carbon dioxide, nitrogen oxides, hydrocarbons, carbon monoxide, and sulfur
dioxide cause respiratory illnesses, heart conditions, and mental illness,
which results in increased healthcare burden. Moreover, a rise in the
number of on-road vehicles increases the number of accidents. In February
2020, the World Health Organization stated that 1.35 million people die in
road traffic accidents globally every year. Ill-effects of the high number
of on-road vehicles are fueling the demand for efficient public
transportation services. Commuter train systems offer a viable solution
for transporting large groups of people in faster and environment-friendly
manner. Thus, a rise in the number of vehicles is boosting the commuter
train services market across the globe.
- People
from rural areas are migrating to cities in search of employment
opportunity, education, and better lifestyle; hence, urbanization is
rising across multiple continents. In May 2018, The United Nations stated
in a press release that 55% of the global population resided in urban
areas, which is anticipated to reach 68% by 2050. These new urban
residents create requirement for inexpensive means of transportation, as
compared to privately owned vehicles, thus fueling the demand for commuter
train services. Thus, expansion of cities and a rise in the number of
urban dwellers are propelling the global commuter train services market.
Global Commuter Train Services Market: Research Scope
Global Commuter Train Services Market, by Propulsion
- Electric
- Diesel
- Diesel-Electric
Global Commuter Train Services Market, by Track Gauge
- Narrow
Gauge
- Standard
Gauge
- Broad
Gauge
Global Commuter Train Services Market, by Service Type
- Rail
Manufacturing
- Infrastructure
Construction
- Operation
& Management
- Maintenance
- Others
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The report sheds
light on various aspects and answers pertinent questions on the market. Some of
the important ones are:
1. What can be the best investment choices for venturing
into new product and service lines?
2. What value propositions should businesses aim at while
making new research and development funding?
3. Which regulations will be most helpful for stakeholders
to boost their supply chain network?
4. Which regions might see the demand maturing in certain
segments in near future?
5. What are the some of the best cost optimization
strategies with vendors that some well-entrenched players have gained success
with?
6. Which are the key perspectives that the C-suite are
leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status
of key regional markets?
8. How will the emerging political and economic scenario
affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various
segments?
10. What will be the barrier to entry for new players in the
market?
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