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North American Light Rail Transit Market in North America Becoming More Competitive Finds Frost & Sullivan - Modern streetcars to lead way and offer maximum opportunities for market participants
North American Light Rail Transit Market in North America Becoming More Competitive Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Mountain View, CA, United States, 2014/03/05 - Modern streetcars to lead way and offer maximum opportunities for market participants.

   
 
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Light rail transit is gaining popularity across North America as it is an effective, sustainable urban mode of transport that has a long product life cycle, reduces congestion in cities, especially during peak hours, lowers carbon dioxide emissions, and increases development along transit lines. The ease with which light rail transit systems can be integrated into any city due to their operating flexibility also provides momentum to the market.

New analysis from Frost & Sullivan (transportation.frost.com), Strategic Analysis of Light Rail Transit in North America, finds that the Light rail transit vehicles market revenue is $8.48 billion in 2012 and estimates this to reach $11.50 billion by 2020. The research covers the light rail and streetcar segments in North America the second largest market after Europe. While the light rail segment is expected to witness steady growth till the end of the decade, modern streetcars will offer the maximum opportunities for manufacturers.

"With the introduction of Moving Ahead for Progress in the 21st Century Act (MAP-21), the U.S. Federal Transit Authority has streamlined its approach to administer its capital public transportation program for expanding transit systems, as such light rail transit will be one of the benefactors. Replacement of aging light rail rolling stock will also propel the North American light rail transit market in the coming decade," said Frost & Sullivan Automotive & Transportation Research Analyst Sundar Shankarnarayanan. "Although the average age of light rail transit vehicles in the U.S. and Canada is currently 16 years, this will gradually reduce due to new procurements. This will give the region a younger fleet by 2020."

The changing competitive landscape also bodes well for the market. Highly consolidated, with the top three competitors holding 63.2 percent share, the market is expected to see new participants by 2015, especially in the streetcar space, leading to competitive pricing and market expansion.

However, urban light rail transit systems will have to compete with bus rapid transit systems (BRTS) for market share. BRTS have a similar capacity of 20,000-25,000 passengers per hour, but cost four times less to construct than light rail. Nonetheless, the federal government is now extending more funding support to the market with the release of the MAP-21.

"Manufacturers are expanding market potential by launching North American-centric light rail transit solutions, specifically designed to suit the requirements of end users in the region," noted Shankarnarayanan. "They are also adopting batteries and super capacitors as energy storage devices on light rail transit systems in order to make it a more sustainable and viable mode of transportation."

Forging strong customer relationships and emulating market leaders will help increase market share. For instance, while Siemens is the market leader with its popular S70, a 70 percent low-floor model, Bombardier is on the course to take the lead through the launch of its 100 percent low-floor platforms.

In the long run, the light rail transit market will benefit by focusing on infrastructure that supports inter-modality and standardizing vehicle platforms to facilitate cost-effective development. For now, concentrating on reducing cost, while boosting efficiency and safety, will help penetrate the light rail transit market.

Strategic Analysis of Light Rail Transit in North America is part of the Transportation & Logistics Growth Partnership Service program. Frost & Sullivan’s related research services include: Strategic Analysis of the Chinese Rolling Stock Market, Strategic Analysis of Communications-Based Train Control Systems in the Western European Urban Rail Market, and Rail Outlook Study 2013-2022. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Strategic Analysis of Light Rail Transit in North America / NC3D-13

 
 
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North American Light Rail Transit Market in North America Becoming More Competitive Finds Frost & Sullivan

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Frost & Sullivan | Light Rail Transit
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