Growth Opportunities in Urban Rail Transportation in Asia Pacific
Frost & Sullivan, August 2010, Pages: 83
Essentially, the report provides information on the current urban rail projects that are being constructed and the future projects that are to be implemented across the top 10 cities in Asia Pacific. It also provided insights on the drivers and challenges affecting the urban rail projects. The factors and dynamics of the markets affecting the adoption of popular urban rail segment like the metros, LRT, MRT, high speed rail and monorail. The opportunities for stakeholders to participate in the new urban rail projects which are public-private-partnership type.
This research service titled Growth Opportunities in Urban Rail Transportation in Asia Pacific provides overview of the urban rail transportation, drivers, restraints, industry challenges, market size and forecasts, regulatory analysis, and competitive analysis. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: rapid transit – (mass, metro), trams, light rail transit, monorail, people rail transit (PRT), and high-speed rail.
Market Overview
Urbanization and the Concurrent Need for Mobility Have Spawned a Vast Market for Urban Rail Transportation in Asia Pacific
The booming Asia Pacific economies have resulted in an urgent need to transport people faster and in a more reliable manner to blue chip commercial areas as well as educational premises. This is likely to facilitate an active transportation market and wider use of urban rail transportation. Governments across the Asia Pacific countries are turning to urban rails, buses, taxis, and elevated walkways to solve congestion issues in their urban centres. “The continuous advancement in urban rail technology not only facilitates better interoperability with other modes and existing rail networks, but also ensures prompt development of the required infrastructure,” says the analyst of this research. “This integration of rail transport system and interoperability in standards is expected to converge multiple segments in the urban railways and serve a wider market.”
Apart from technical complexities, urban rail companies also have to deal with the high prices of land acquisition. The lack of surface land areas has compelled newer rail projects to be elevated or subterranean, thus increasing the project cost. Urban rail projects have been delayed in some countries such as Japan and Australia due to a change of government. There has also been a shift in business models, with public-private-partnerships phasing out the old model of full financing by the government. Funding for infrastructure from domestic and international financial institutions is crucial to develop a strong revenue model to sustain operations and maintenance. However, the market is feeling optimistic, as infrastructure project funding in the past decade has increased multi-fold. Rail technology providers must embrace the new public-private-partnerships model and develop the capability to win new projects, enlarge market shares, and satisfy the expectations of multi stakeholders. Participants can demonstrate a successful business case by generating revenue from freight services, special VIP seat sale, on-board advertising, space rental income, advertising at station, product launch event, and other collaborations with merchants and retailers.
“The importance of private sectors is increasing and their consortia are driving the outcome of projects,” notes the analyst. “Thus, the private sector is able to initiate a strong business case for commercial and technical success in urban rail projects.” To increase the adoption rates for new lines, operators must educate commuters on the benefits of choosing urban rail services to commute within the city. As more cities are tackling climate change issues, companies need to highlight urban rail’s superiority as a transport option with its lower carbon dioxide emissions.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Rapid transit – (mass, metro)
- Trams
- Light rail transit
- Monorail
- People rail transit (PRT)
- High-speed rail
1. Executive Summary
2. Asia Pacific Urban Rail Transportation Market
3. Urban Rail Transportation Market Trends in Major Cities Across Asia Pacific
3.1 Brisbane
3.2 Hong Kong
3.3 Ho Chi Minh City
3.4 Jakarta
3.5 Kuala Lumpur
3.6 Mumbai
3.7 Seoul
3.8 Shanghai
3.9 Singapore
3.10 Tokyo
4. Strategic Roadmap for Urban Rail Transportation Sector in Asia Pacific
5. Appendix
6. About Frost & Sullivan
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