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Metro Rail Infrastructure Market Size - By Structure (Elevated, At Grade Level, Underground), Application (Urban Transportation, Last Mile Connectivity, Inter-city Transportation, Cross-border Connectivity), Component, Technology & Forecast, 2024 - 2032

  • Report ID: GMI8644
  • Published Date: Mar 2024
  • Report Format: PDF

Metro Rail Infrastructure Market Size

Metro Rail Infrastructure Market size was valued at USD 46.8 billion in 2023 and is estimated to register a CAGR of over 6% between 2024 and 2032, attributed to rapid urbanization and population growth across several economies.

Metro Rail Infrastructure Market

Based on the latest estimations by the Congressional Budget Office, the population of the United States could grow from 342 million people in 2024 to 383 million people by 2054. Likewise, according to the World Bank, approximately 56% of the global population, totaling 4.4 billion people, lives in cities. This trajectory could persist, with the urban population surpassing twice its current magnitude by 2050. By then, nearly 7 out of every 10 individuals could dwell in cities.

Rapid urbanization and population growth in cities worldwide propels the demand for efficient and sustainable transportation solutions. Metro rail systems offer a reliable and environmentally friendly mode of transportation, helping to alleviate traffic congestion and reduce carbon emissions, thus contributing to market growth.

Government initiatives and investments will help shape the metro rail infrastructure market outlook through 2032. Governments often prioritize infrastructure development, including metro rail projects, to address transportation challenges, improve connectivity, and stimulate economic growth.

Quoting an instance, in January 2023, in a bid to enhance mobility and safety, the Government of Maharashtra greenlit a master plan to construct a comprehensive metro network for the city. Spanning 337 kilometers and consisting of 14 lines, this metro network endeavors to alleviate the daily commuting challenges faced by millions of residents. Besides, substantial investments in metro rail infrastructure are being made to modernize existing systems, expand networks, and integrate with other modes of transportation. This will further help carve a healthy growth trajectory for the metro rail infrastructure market over the coming years.

That being said, establishing metro rail systems requires substantial upfront capital investment for construction, land acquisition, technology, and equipment. The significant financial commitment often poses a challenge for governments and private investors, particularly in regions with limited infrastructure funding or competing priorities, thus limiting market growth.

Metro Rail Infrastructure Market Trends

Metro rail systems are increasingly adopting advanced technologies to enhance efficiency, safety, and passenger experience. This includes the integration of smart sensors, Internet of Things (IoT) devices, and real-time data analytics to optimize operations, improve maintenance practices, and provide predictive maintenance capabilities.

In a recent turn of events, Chennai Metro Rail Limited (CMRL) announced that a new LCD-based dynamic route map display system, equipped with comprehensive information, will be implemented in Metrorail trains operating within the 54 km network encompassing phase I and the phase I extension project. This innovative digital display is designed to exhibit crucial details such as the train's present location, upcoming station, distance between stations, and nearby landmarks. CMRL officials emphasize that these maps are tailored to offer commuters as much relevant information as possible.

Additionally, innovations such as automated train control systems, driverless trains, and contactless fare payment systems are becoming more prevalent, offering greater reliability, safety, and convenience to passengers, favoring the growth and expansion of the metro rail infrastructure industry.

Metro Rail Infrastructure Market Analysis

Metro Rail Infrastructure Market Size, By Component, 2022-2032 (USD Billion)

Based on component, the market is divided into rolling stock, station, track system, signal & telecommunication system, power supply system, ticketing system and others. The station segment dominated around USD 18 billion in 2023 and is set to exceed USD 32 billion by 2032. The expansion of metro rail stations is driven by several factors aimed at improving urban mobility and sustainability. Increasing population density in urban areas creates higher demand for efficient transportation systems, prompting authorities to expand metro networks to accommodate growing commuter needs.

Additionally, government initiatives prioritize investments in metro infrastructure to alleviate traffic congestion, reduce carbon emissions, and enhance public transportation accessibility. Moreover, expanding metro rail stations fosters economic development by improving connectivity, attracting investments, and stimulating urban regeneration projects, ultimately contributing to vibrant and livable cities.

Metro Rail Infrastructure Market Share, By Structure, 2023

Based on structure, the market is divided into elevated, underground and at grade level. The elevated segment held over 49% of the metro rail infrastructure market share in 2023. Elevated systems require less land acquisition compared to underground counterparts, making them more cost-effective and quicker to implement in densely populated urban areas. Also, elevated tracks offer greater flexibility in route planning, allowing for easier integration with existing infrastructure and minimizing disruption to city traffic during construction. Besides, elevated metro systems often provide better views of the cityscape, enhancing the overall passenger experience and attracting more ridership.

Asia Pacific Rail Infrastructure Market Size, 2022-2032 (USD Billion)

Asia Pacific metro rail infrastructure market accounted for 36% of the revenue share in 2023. Asia With burgeoning populations and rapid urbanization, cities in Asia Pacific face significant transportation challenges, including congestion and pollution. Governments in the region are investing heavily in metro rail systems as a sustainable solution to address these issues. Additionally, robust economic growth and increasing disposable incomes are driving demand for efficient and comfortable public transportation options. Furthermore, urbanization and the need for connectivity are spurring the expansion of metro networks to serve growing urban populations and facilitate economic development across the region.

Metro Rail Infrastructure Market Share

Siemens AG and ALSTOM SA hold a significant market share of over 12% in the metro rail infrastructure industry. These companies focus on innovation, continually developing advanced technologies and solutions to improve safety, efficiency, and passenger experience. They forge strategic partnerships and alliances, leveraging complementary expertise and resources to pursue large-scale projects and expand market reach. Besides, they prioritize sustainability, integrating eco-friendly practices and green technologies into their projects to meet environmental regulations and appeal to environmentally conscious clients. Moreover, these players invest in talent development and market research, ensuring they have skilled teams and insights to anticipate market trends and stay competitive.

Metro Rail Infrastructure Market Companies

Major companies operating in the metro rail infrastructure industry are:

  • ABB
  • ACS Group
  • Balfour Beatty plc
  • CRRC Corporation Limited
  • Hitachi
  • Kawasaki Heavy Industries
  • Mitsubishi Heavy Industries
  • Siemens AG
  • Vinci SA

Metro Rail Infrastructure Industry News

  • In March 2024, Siemens Limited unveiled its plan to make significant strides in the job market. Recognized for its dedication to innovation and practical solutions, Siemens Limited serves as the flagship listed entity of Siemens AG in India. As of September 30, 2023, the company disclosed a revenue of Rs. 17,701 crore, with a workforce of 8,888 employees engaged across its varied operations.
  • In March 2024, ABB secured a contract worth 150 million AUD to provide train power systems for Australia's Queensland Train Manufacturing Program (QTMP). Moreover, the company plans to invest approximately 6 million AUD in establishing a Traction Center of Excellence in regional Queensland. Situated in Fraser Coast, this facility will include a traction converter, traction motor, and traction battery assembly, as well as a service center.

The metro rail infrastructure market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) from 2021 to 2032, for the following segments:

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Market, By Component

  • Rolling stock
    • Metro Trains
    • Coaches
    • Locomotive
    • Freight Wagons 
  • Station
  • Track system
  • Signal & telecommunication system
    • Automatic Train Control (ATC)
    • Train Protection & Warning Systems (TPWS)
    • Communication-Based Train Control (CBTC)
    • Interlocking Systems
  • Power supply system
  • Ticketing system
    • Automated Fare Collection (AFC) Systems
    • Ticket Vending Machines (TVM)
    • Smart Card Systems
    • Mobile Ticketing Solutions
  • Others

Market, By Structure

  • Elevated
  • At grade level
  • Underground

Market, By Application

  • Urban Transportation
    • Maglev
    • Light Rail Transit (LRT)
    • Heavy Rail
    • Monorail
    • Automated People Movers (APM)
    • Dual-Mode Transit Systems 
  • Last Mile Connectivity
    • Maglev
    • Light Rail Transit (LRT)
    • Heavy Rail
    • Monorail
    • Automated People Movers (APM)
    • Dual-Mode Transit Systems
  • Inter-city Transportation
    • Maglev
    • Light Rail Transit (LRT)
    • Heavy Rail
    • Monorail
    • Automated People Movers (APM)
    • Dual-Mode Transit Systems
  • Cross-border Connectivity
    • Maglev
    • Light Rail Transit (LRT)
    • Heavy Rail
    • Monorail
    • Automated People Movers (APM)
    • Dual-Mode Transit Systems

Market, By Technology

  • Maglev
  • Light Rail Transit (LRT)
  • Heavy Rail
  • Monorail
  • Automated People Movers (APM)
  • Dual-Mode Transit Systems

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Spain
    • Nordics
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America 
  • MEA
    • UAE
    • South Africa
    • Saudi Arabia
    • Rest of MEA


Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of metro rail infrastructure reached USD 46.8 billion in 2023 and is set to witness 6% between 2024 and 2032, attributed to rapid urbanization and population growth across several economies.

The elevated segment held a major market share of around 49% in 2023 and is expected to grow significantly through 2032, as they offer greater flexibility in route planning, allowing for easier integration with existing infrastructure.

Asia Pacific market accounted for 36% revenue share in 2023, attributed to burgeoning population and rapid urbanization, along with the significant transportation challenges, including congestion and pollution.

ABB, ACS Group, ALSTOM SA, Balfour Beatty plc, CRRC Corporation Limited, Hitachi, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG, and Vinci SA.

Metro Rail Infrastructure Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 320
  • Countries covered: 25
  • Pages: 260
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