Report Overview:
The growth is driven by increasing urbanization, government initiatives to enhance public transportation infrastructure, and the rising demand for sustainable mobility solutions. Europe remains a dominant player in the market due to extensive investments in modern tram systems, while Asia-Pacific is experiencing rapid growth owing to expanding urban transit networks in China, India, and Japan.
Market Value:
The global low-floor tram market was valued at USD 6.37 billion in 2024 and is projected to reach USD 8.45 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period (2025-2032).
CAGR of 4.1% (2025 – 2032)
By Types:
• 100% Low-floor Tram
• 70% Low-floor Tram
By Applications: Scenic Spot
Urban Traffic
Key players include:
• koda Transtech
• CRRC
• INEKON
• Siemens Mobility
• Hyundai Rotem
• Alstom
• Bombardier
• Including or Excluding key companies relevant to your analysis.
