Global Modern Tram Market Insights, Size, and Forecast By Technology (Conventional Tram, Articulated Tram, Maglev Tram, Battery Electric Tram, Hydrogen-Powered Tram), By Operation Type (Dedicated Right of Way, Mixed Traffic, Light Rail Transit, High Capacity, Shared Track), By Passenger Capacity (Low Capacity, Medium Capacity, High Capacity, Very High Capacity), By Application (Urban Transportation, Tourism Transport, Commuter Transit, Intercity Services), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Key Companies, Competitive Analysis, Trends, and Projections for 2026-2035
Key Market Insights
Global Modern Tram Market is projected to grow from USD 28.5 Billion in 2025 to USD 49.8 Billion by 2035, reflecting a compound annual growth rate of 8.7% from 2026 through 2035. This growth signifies a robust expansion for the modern tram sector, defined by its technologically advanced, low floor, and often modular light rail vehicles designed for urban and suburban passenger transport. The market is primarily driven by escalating urbanization and the subsequent need for efficient, sustainable, and less congested public transportation solutions. Governments globally are increasingly investing in modern tram networks as a greener alternative to traditional buses and private vehicles, spurred by ambitious climate change goals and the desire to improve air quality in metropolitan areas. Furthermore, the rising awareness of public transport benefits, coupled with technological advancements like intelligent transport systems and predictive maintenance, are bolstering market expansion. However, significant upfront capital investments required for infrastructure development and the complex regulatory frameworks associated with urban planning pose considerable restraints to market growth. Despite these challenges, opportunities abound in retrofitting existing tram networks with modern technologies and expanding into new, rapidly developing urban centers, particularly in emerging economies. The Articulated Tram segment currently holds the largest market share, highlighting its versatility and capacity to meet varying passenger demands in diverse urban landscapes.
Global Modern Tram Market Value (USD Billion) Analysis, 2025-2035
2025 - 2035
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Europe stands as the dominant region in the global modern tram market, attributable to its well established urban infrastructure, strong historical reliance on public transport, and proactive government policies promoting sustainable mobility. Many European cities have long standing tram networks that are continually being modernized and expanded, creating a robust demand for new trams and associated services. This mature market, however, offers significant opportunities for technological upgrades and digital integration. In contrast, Asia Pacific is projected to be the fastest growing region. This rapid expansion is fueled by unprecedented rates of urbanization, particularly in countries like China and India, alongside significant government investments in developing new public transport infrastructure. The region's growing middle class and increasing environmental concerns are further accelerating the adoption of modern tram systems as a viable, sustainable urban mobility solution. Key players in this dynamic market are employing strategic initiatives such as technological innovation, geographic expansion, and strategic partnerships to secure their competitive positions.
Major companies like Thales Group, CAF, Bombardier Transportation, Pesa, Skoda Transportation, Hitachi, Kinki Sharyo, Mitsubishi Electric, and CRRC Corporation are at the forefront of this market. These players are focused on developing more energy efficient, autonomous, and passenger friendly tram models. Their strategies often include significant investments in research and development to enhance operational efficiency, reduce environmental impact, and improve passenger experience through advanced connectivity and safety features. Furthermore, strategic collaborations with local governments and urban planning agencies are crucial for securing long term contracts and influencing the development of future tram networks. The market is also seeing a trend towards customization, with manufacturers offering bespoke solutions to meet the specific aesthetic and operational requirements of different cities. This focus on tailored solutions and continuous innovation is expected to sustain the upward trajectory of the global modern tram market in the coming decade.
Quick Stats
Market Size (2025):
USD 28.5 BillionProjected Market Size (2035):
USD 49.8 BillionLeading Segment:
Articulated Tram (62.8% Share)Dominant Region (2025):
Europe (38.7% Share)CAGR (2026-2035):
8.7%
What is Modern Tram?
Modern tram signifies a fundamental rethinking of urban rail transit. It defines the current generation of light rail vehicles and systems, emphasizing passenger comfort, accessibility, and environmental sustainability. Core concepts include low-floor designs for easy boarding, quiet electric operation, and integration with city aesthetics. Its significance lies in offering an efficient, attractive alternative to cars for urban mobility, reducing congestion and pollution. Modern trams are applied globally to revitalize city centers, connect suburbs, and support sustainable urban development, representing a key solution for future public transportation needs.
What are the Trends in Global Modern Tram Market
Smart Tram Connectivity Innovations
Sustainable Urban Mobility Solutions
Autonomous Tram Technology Adoption
Passenger Experience Enhancement
Modular Tram Design Evolution
Smart Tram Connectivity Innovations
Smart tram connectivity innovations are transforming urban transit by integrating advanced digital technologies into modern tram systems. This trend focuses on enhancing passenger experience, operational efficiency, and safety through sophisticated data exchange. Trams are now equipped with real time information systems providing accurate arrival predictions and service updates via in tram displays and smartphone apps. Enhanced onboard Wi-Fi and USB charging ports are becoming standard amenities catering to connected commuters.
Furthermore, connectivity extends to operational aspects. Trams communicate with central control systems for optimized scheduling, predictive maintenance, and energy management. Vehicle to infrastructure V2I communication enables dynamic signal prioritization reducing delays and improving traffic flow. Remote diagnostics and over the air software updates minimize downtime, ensuring trams operate at peak performance. These innovations are creating a more responsive, reliable, and user centric urban mobility experience globally.
Sustainable Urban Mobility Solutions
Cities worldwide increasingly prioritize eco friendly transport, driving demand for sustainable urban mobility solutions in the modern tram market. This trend reflects a global shift towards reducing carbon emissions and improving air quality in densely populated areas. Modern trams, powered by electricity and often integrating renewable energy sources, offer a clean, efficient, and high capacity alternative to private vehicles. Their ability to connect key urban hubs, enhance public spaces, and reduce traffic congestion aligns perfectly with smart city initiatives focused on livability and environmental stewardship. Furthermore, advancements in battery technology and catenary free operation are expanding tram network possibilities, making them a more adaptable and attractive option for municipalities seeking to decarbonize their transport infrastructure and promote healthier urban environments. This sustained demand is reshaping procurement strategies and technological development within the industry.
What are the Key Drivers Shaping the Global Modern Tram Market
Urbanization & Smart City Initiatives
Electrification & Decarbonization Mandates
Congestion & Pollution Mitigation Needs
Technological Advancements in Tram Systems
Government Investments & Public Transport Funding
Urbanization & Smart City Initiatives
Urbanization and Smart City Initiatives are significant catalysts for the global modern tram market. As urban populations swell, cities face increasing pressure to provide efficient, sustainable, and integrated transportation solutions. Modern trams offer a compelling answer, reducing traffic congestion and improving air quality compared to private vehicles. Smart city initiatives prioritize intelligent urban planning and embrace advanced technologies to enhance liveability and resource management. Trams integrate seamlessly into these visions, often incorporating features like real time passenger information, traffic signal prioritization, and smart ticketing systems. Their ability to connect urban centers, business districts, and residential areas efficiently makes them a cornerstone of future ready urban mobility networks, directly fueling market growth.
Electrification & Decarbonization Mandates
Governments worldwide are increasingly implementing stringent regulations to combat climate change and reduce carbon emissions. These mandates, often driven by international agreements and national sustainability goals, compel urban centers to adopt greener transportation solutions. Electrification is a core component of these policies, pushing cities to replace traditional fossil fuel dependent vehicles with electric alternatives. For the tram market, this translates into a powerful imperative for cities to invest in modern electric tram systems. These systems offer significant environmental advantages, producing zero direct emissions and contributing to cleaner air quality. As the regulatory landscape continues to evolve with stricter decarbonization targets, the demand for electric trams will intensify, making these mandates a primary catalyst for market expansion.
Congestion & Pollution Mitigation Needs
Urban centers worldwide grapple with severe traffic congestion and escalating air pollution. This pressing need to create more livable, sustainable cities is a primary driver in the global modern tram market. Trams offer an effective solution by providing high capacity public transportation that reduces the number of private vehicles on roads. This directly alleviates traffic jams and improves travel times for commuters. Furthermore, modern trams are increasingly electric powered emitting zero tailpipe emissions. Their adoption helps cities significantly lower their carbon footprint and improve air quality leading to better public health outcomes. Governments and urban planners are increasingly investing in tram networks to achieve these crucial environmental and urban mobility objectives making congestion and pollution mitigation a key market catalyst.
Global Modern Tram Market Restraints
High Initial Investment & Funding Challenges
Developing modern tram systems demands substantial upfront capital, a major hurdle for many cities and private investors. Project costs encompass track construction, rolling stock procurement, power infrastructure, and urban integration modifications. Obtaining the necessary funding is a significant challenge. Governments often struggle with budget constraints and competing public service demands, making large-scale infrastructure investments difficult to prioritize. Private financing also faces obstacles due to the long payback periods and perceived risks associated with public transport projects. This high entry barrier deters new developments, particularly in regions with limited financial resources or where private sector involvement is nascent. Consequently, many promising tram initiatives remain unfunded, slowing market expansion.
Regulatory Hurdles & Lengthy Approval Processes
Navigating the global modern tram market is significantly hampered by stringent regulatory hurdles and protracted approval processes. Prospective tram projects often face a labyrinth of national and local regulations covering safety, environmental impact, technical specifications, and urban planning. Each jurisdiction may have unique requirements, leading to bespoke compliance efforts. This necessitates extensive documentation, multiple stakeholder consultations, and often a series of reviews by various governmental agencies. The cumulative effect is a substantial lengthening of project timelines, from initial concept to operational service. This delay translates into increased costs, as financial resources are tied up for longer periods, and it also postpones the revenue generation potential of new tram lines. Such lengthy procedures can deter potential investors and operators, slowing market expansion and innovation.
Global Modern Tram Market Opportunities
Sustainable Urban Mobility: Modern Tram Adoption for Green City Development
The opportunity for modern tram adoption in sustainable urban mobility and green city development is immense globally, especially within rapidly urbanizing areas like Asia Pacific. Cities worldwide are aggressively pursuing decarbonization goals and combating severe traffic congestion. Modern tram systems offer an elegant, electric, and zero emission solution that directly addresses these critical challenges. They significantly reduce a city's carbon footprint and improve air quality by decreasing the number of combustion engine vehicles. Beyond environmental benefits, trams enhance urban aesthetics, promote walkability, and create more livable, attractive public spaces. Their efficient movement of large passenger volumes improves connectivity, supports economic activity by linking business and residential zones, and provides a comfortable, reliable public transit experience. This strategic alignment with contemporary urban planning priorities firmly positions modern trams as a pivotal investment for cities striving to become greener, more efficient, and ultimately more sustainable for their burgeoning populations.
Smart City Integration: Next-Generation Tram Systems for Connected Public Transit
Smart City Integration for next generation tram systems offers a prime opportunity for connected public transit. This involves transforming trams from standalone vehicles into vital, intelligent nodes within comprehensive urban networks. The focus is on embedding advanced technologies like IoT sensors, artificial intelligence, and real time data analytics into tram operations and city infrastructure. This integration allows cities to optimize traffic flow, enhance passenger safety and comfort via predictive maintenance and personalized information, and significantly reduce environmental impact. The opportunity is to provide holistic solutions that seamlessly connect tram systems with other public transport modes, intelligent traffic management, and broader city wide data platforms. Manufacturers can develop trams with sophisticated communication capabilities, enabling seamless data exchange and fostering truly integrated multimodal transit experiences. This approach caters to urban sustainability goals and creates new avenues for innovative services and partnerships in evolving smart cities.
Global Modern Tram Market Segmentation Analysis
Key Market Segments
By Technology
- •Conventional Tram
- •Articulated Tram
- •Maglev Tram
- •Battery Electric Tram
- •Hydrogen-Powered Tram
By Operation Type
- •Dedicated Right of Way
- •Mixed Traffic
- •Light Rail Transit
- •High Capacity
- •Shared Track
By Application
- •Urban Transportation
- •Tourism Transport
- •Commuter Transit
- •Intercity Services
By Passenger Capacity
- •Low Capacity
- •Medium Capacity
- •High Capacity
- •Very High Capacity
Segment Share By Technology
Share, By Technology, 2025 (%)
- Conventional Tram
- Articulated Tram
- Maglev Tram
- Battery Electric Tram
- Hydrogen-Powered Tram
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Why is Articulated Tram the leading segment in the Global Modern Tram Market?
Articulated trams dominate due to their superior balance of passenger capacity, operational flexibility, and efficient space utilization. Their modular design allows for increased passenger volume without sacrificing maneuverability in urban landscapes, making them an ideal choice for expanding public transport networks. This adaptability to diverse route requirements and existing infrastructure contributes significantly to their widespread adoption and current market share across numerous cities globally.
What drives the importance of the Light Rail Transit segment within operation types?
Light Rail Transit is a crucial segment because it represents a highly effective solution for urban mobility challenges, offering a higher capacity than buses but at a lower infrastructure cost than heavy rail. Its ability to operate across both dedicated and mixed traffic environments provides municipalities with versatile options for expanding public transportation. This adaptability makes LRT an increasingly popular choice for cities aiming to reduce congestion and improve connectivity efficiently.
How does urban transportation influence the market as a primary application?
Urban transportation stands as the principal application, reflecting the critical role modern trams play in addressing the evolving needs of city dwellers. As urbanization accelerates globally, trams provide an eco-friendly, efficient, and reliable solution for mass transit within congested metropolitan areas. This segment is driven by the demand for reduced traffic, lower emissions, and enhanced accessibility, positioning trams as a cornerstone of sustainable urban development plans worldwide.
What Regulatory and Policy Factors Shape the Global Modern Tram Market
The global modern tram market is significantly shaped by evolving regulatory frameworks and supportive public policy. Urban planning initiatives across continents prioritize sustainable mobility, leading to government mandates for expanding light rail networks. Environmental regulations, particularly stringent emission reduction targets, position trams as a favored clean transport solution, often backed by national and municipal funding programs and green bond issuance. Safety standards are paramount, with rigorous certification processes for vehicle design, infrastructure, and operational protocols ensuring passenger security and system reliability. Accessibility regulations, like those stemming from the Americans with Disabilities Act or European Union directives, drive universal design requirements. Furthermore, public procurement policies frequently include local content provisions and competitive tendering. Strategic investment in smart city infrastructure and integrated multimodal transport systems further stimulates tram adoption, supported by incentives such as tax breaks for public transport investment and carbon credit schemes. Regulatory harmonization efforts, especially within regions like the European Union, streamline technology adoption and cross border operations.
What New Technologies are Shaping Global Modern Tram Market?
The modern tram market is undergoing a transformative period driven by rapid innovation. Autonomous operation is a leading trend, promising enhanced safety and significant operational efficiencies through optimized traffic management and reduced human intervention. This enables seamless integration within smart urban infrastructure.
Battery electric trams and hydrogen fuel cell technology are paramount, offering sustainable, zero emission solutions that address environmental concerns and stringent urban air quality standards. These advancements improve range and reduce charging times, making trams more flexible.
Further innovations include advanced driver assistance systems and AI driven predictive maintenance, which significantly lower operational costs and improve reliability by preempting potential mechanical issues. Lightweight composite materials enhance energy efficiency and passenger comfort. Smart interior designs with real time information displays and enhanced connectivity elevate the passenger experience. Digitalization and IoT integration facilitate better fleet management and operational analytics, contributing to a highly efficient and future proof urban transit system. These innovations collectively define the evolution of urban mobility.
Global Modern Tram Market Regional Analysis
Global Modern Tram Market
Trends, by Region
Europe Market
Revenue Share, 2025
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Dominant Region
Europe · 38.7% share
Europe commands a dominant position in the Global Modern Tram Market, holding a substantial 38.7% share. This leadership is fueled by several factors. Extensive existing tram networks across numerous European cities provide a robust foundation for modernization and expansion projects. Strong government initiatives promoting sustainable urban transport solutions, coupled with significant investments in public infrastructure, further drive market growth. High population density in urban centers necessitates efficient and environmentally friendly transit options, making modern trams an ideal choice. Additionally, European manufacturers are key innovators in tram technology, offering advanced designs and systems that appeal to both domestic and international markets. The region’s commitment to reducing carbon emissions also bolsters the adoption of electric tram systems.
Fastest Growing Region
Asia Pacific · 9.2% CAGR
The Asia Pacific region is poised for significant expansion in the global modern tram market, demonstrating the fastest growth with a projected CAGR of 9.2% from 2026 to 2035. This robust growth is fueled by rapid urbanization across key economies like India and Southeast Asian nations. Increasing populations and the pressing need for sustainable public transport solutions are driving substantial investment in modern tram infrastructure. Government initiatives to alleviate traffic congestion and reduce carbon emissions further bolster market demand. The adoption of advanced tram technologies, including smarter control systems and energy efficient designs, is also a key factor. Emerging economies are prioritizing efficient urban mobility, making modern trams an attractive and viable solution for their expanding city landscapes. This sustained investment positions Asia Pacific as the leading growth engine for modern trams globally.
Top Countries Overview
The U.S. remains a burgeoning market, with significant potential for tram system expansion in cities seeking sustainable urban transit. While not a global leader in existing tram networks, its modern tram projects are growing, driven by federal funding and local initiatives. International manufacturers eye the U.S. for new projects and fleet upgrades, making it an attractive, albeit complex, market for future development.
China emerges as a major force in the global modern tram market, driven by rapid urbanization and domestic demand. Chinese manufacturers like CRRC are expanding internationally, offering competitive, advanced tram solutions. This positions China as both a significant consumer and an increasingly influential global supplier, challenging established European players and shaping future urban transport development worldwide.
India is emerging as a significant player in the global modern tram market, driven by rapid urbanization and sustainable transport initiatives. While domestic manufacturing is developing, there's a strong reliance on international technology and expertise. The focus is on expanding urban rail networks, creating substantial opportunities for both established global players and homegrown innovators to collaborate and invest in India's evolving tram infrastructure. This positions India as a key growth region.
Impact of Geopolitical and Macroeconomic Factors
Geopolitical factors significantly shape the modern tram market. Urbanization trends in emerging economies, particularly in Asia and Africa, drive demand for efficient public transport to alleviate congestion and pollution. Government initiatives and funding for sustainable infrastructure, often influenced by international climate agreements, further stimulate market growth. Political stability and supportive regulatory frameworks are crucial; conversely, political unrest or shifts in infrastructure priorities can delay or cancel projects. Trade policies and geopolitical alliances also impact the accessibility and cost of materials and technology for tram manufacturers, potentially creating supply chain vulnerabilities or opportunities for specific regions.
Macroeconomic conditions exert a profound influence. Economic growth fuels government budgets, enabling investments in public transport networks. Low interest rates facilitate financing for large scale infrastructure projects, making tram systems more financially viable. Inflation, however, can escalate project costs, potentially delaying or reducing the scope of investments. Exchange rate fluctuations affect the cost of imported components and the competitiveness of exports. Public funding remains a primary driver, making overall economic health and fiscal capacity paramount for the continued expansion of the global modern tram market.
Recent Developments
- March 2025
CRRC Corporation unveiled its new generation of 'smart trams' with enhanced AI-driven autonomous features and predictive maintenance capabilities. This strategic product launch aims to capture the growing demand for highly automated urban transit solutions in key European and Asian markets.
- July 2024
CAF and Skoda Transportation announced a strategic partnership to jointly develop a new modular tram platform designed for rapid customization and cost-effectiveness. This collaboration targets mid-sized cities seeking efficient and adaptable tram systems without extensive infrastructure overhaul.
- November 2024
Thales Group completed the acquisition of a leading European rail signaling technology firm, strengthening its offerings in integrated tramway control and communication systems. This acquisition enhances Thales's ability to provide end-to-end digital solutions for modern tram networks.
- February 2025
Bombardier Transportation (now Alstom) secured a major contract with a prominent North American city for the supply of 50 new low-floor trams, emphasizing sustainability and passenger comfort. This strategic initiative reaffirms their strong presence in the mature North American tram market.
- April 2025
Pesa launched a new line of hydrogen-powered trams, showcasing its commitment to environmentally friendly urban transport solutions. This product launch positions Pesa as an innovator in the burgeoning market for alternative fuel trams, addressing increasingly stringent emissions regulations.
Key Players Analysis
Key players in the Global Modern Tram Market include Thales Group and Bombardier Transportation as major signaling and rolling stock providers respectively, alongside CAF, Pesa, Skoda Transportation, Hitachi, Kinki Sharyo, Mitsubishi Electric, and CRRC Corporation. Thales specializes in advanced signaling and communication systems, crucial for efficient tram operation. Bombardier and CAF are key manufacturers of modern trams, focusing on energy efficiency and passenger comfort. CRRC Corporation from China is rapidly expanding its global presence, offering competitive solutions. Strategic initiatives involve developing autonomous capabilities, lightweight materials, and hybrid power systems to meet growing demand for sustainable urban transport, driven by increasing urbanization and environmental concerns.
List of Key Companies:
- Thales Group
- CAF
- Bombardier Transportation
- Pesa
- Skoda Transportation
- Hitachi
- Kinki Sharyo
- Mitsubishi Electric
- CRRC Corporation
- Bombardier
- Alstom
- Ansaldo STS
- Tramlink Nottingham
- Stadler
- Siemens
Report Scope and Segmentation
| Report Component | Description |
|---|---|
| Market Size (2025) | USD 28.5 Billion |
| Forecast Value (2035) | USD 49.8 Billion |
| CAGR (2026-2035) | 8.7% |
| Base Year | 2025 |
| Historical Period | 2020-2025 |
| Forecast Period | 2026-2035 |
| Segments Covered |
|
| Regional Analysis |
|
Table of Contents:
List of Figures
List of Tables
Table 1: Global Modern Tram Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 2: Global Modern Tram Market Revenue (USD billion) Forecast, by Operation Type, 2020-2035
Table 3: Global Modern Tram Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 4: Global Modern Tram Market Revenue (USD billion) Forecast, by Passenger Capacity, 2020-2035
Table 5: Global Modern Tram Market Revenue (USD billion) Forecast, by Region, 2020-2035
Table 6: North America Modern Tram Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 7: North America Modern Tram Market Revenue (USD billion) Forecast, by Operation Type, 2020-2035
Table 8: North America Modern Tram Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 9: North America Modern Tram Market Revenue (USD billion) Forecast, by Passenger Capacity, 2020-2035
Table 10: North America Modern Tram Market Revenue (USD billion) Forecast, by Country, 2020-2035
Table 11: Europe Modern Tram Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 12: Europe Modern Tram Market Revenue (USD billion) Forecast, by Operation Type, 2020-2035
Table 13: Europe Modern Tram Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 14: Europe Modern Tram Market Revenue (USD billion) Forecast, by Passenger Capacity, 2020-2035
Table 15: Europe Modern Tram Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 16: Asia Pacific Modern Tram Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 17: Asia Pacific Modern Tram Market Revenue (USD billion) Forecast, by Operation Type, 2020-2035
Table 18: Asia Pacific Modern Tram Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 19: Asia Pacific Modern Tram Market Revenue (USD billion) Forecast, by Passenger Capacity, 2020-2035
Table 20: Asia Pacific Modern Tram Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 21: Latin America Modern Tram Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 22: Latin America Modern Tram Market Revenue (USD billion) Forecast, by Operation Type, 2020-2035
Table 23: Latin America Modern Tram Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 24: Latin America Modern Tram Market Revenue (USD billion) Forecast, by Passenger Capacity, 2020-2035
Table 25: Latin America Modern Tram Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 26: Middle East & Africa Modern Tram Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 27: Middle East & Africa Modern Tram Market Revenue (USD billion) Forecast, by Operation Type, 2020-2035
Table 28: Middle East & Africa Modern Tram Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 29: Middle East & Africa Modern Tram Market Revenue (USD billion) Forecast, by Passenger Capacity, 2020-2035
Table 30: Middle East & Africa Modern Tram Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035