TRAM SYSTEMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Another major factor driving the adoption of tram networks globally is the push towards more environmentally sustainable transportation. With the looming threats of climate change and depletion of non-renewable energy sources, governments and citizens alike are focusing on transitioning to greener modes of travel. Trams present an eco-friendly alternative to private vehicles which are one of the biggest sources of harmful emissions and air pollution in crowded cities. A single tram can replace hundreds of gasoline or diesel-fueled cars on the road, resulting in significantly lower greenhouse gas emissions and carbon footprint. Moreover, trams are powered through overhead cables sourcing electricity from the main grid. As more cities upgrade their power infrastructure to integrate renewable energy sources, trams will progressively become even more sustainable.

Moving bulk volumes of people through electrically-powered and energy-efficient public transit like trams also reduces dependence on fossil fuels and oil imports. It supports national energy security aims. 

• Bombardier Corporation
• CRRC Corporation Limited
• Hitachi Rail
• Ansaldo STS
• BYD Company ltd
• General Electric
• Alstom S.A.
• Thales Group
• SIEMENS AG
• Mitsubishi Electric
• ABB