PUBLISHER: QYResearch | PRODUCT CODE: 1875827
PUBLISHER: QYResearch | PRODUCT CODE: 1875827
The global market for Current Collector for Light Rail Train (LRT) was estimated to be worth US$ 54.7 million in 2024 and is forecast to a readjusted size of US$ 80.6 million by 2031 with a CAGR of 3.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Current Collector for Light Rail Train (LRT) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Current collectors are used by trolleybuses, trams, light rail, electric locomotives or EMUs to carry electrical power from overhead lines or electrical third rails to the electrical equipment of the vehicles. Light rail transit is a form of passenger urban rail transit characterized by a combination of tram and metro features. While its rolling stock is more similar to a traditional tram, it operates at a higher capacity and speed.
Wabtec Corporation is one of the biggest global key manufacturers of current collector for light rail train (LRT), holds a share of over 30%, other key manufacturers include Secheron, Schunk Group, and Mersen, etc. Europe is the largest market, occupied for about 40 percent, followed by North America. In terms of type, top-running type is the largest segment, with a share of about 60%, and in terms of application, the aboveground LRT segment holds a share of over 70 percent.
Analysis of market drivers for current collectors for light rail:
1. Policy support and industry standard promotion
Urban rail transit construction plan
The 14th Five-Year Plan clearly supports the development of urban rail transit, focusing on the layout of central and western regions and third- and fourth-tier cities, and promoting the construction of medium and low-capacity systems such as light rail and trams. The national light rail operating mileage is expected to reach 12,335 kilometers in 2025, with an average annual compound growth rate of about 11.1%.
National level policies: For example, the "14th Five-Year Plan for the Development of Modern Comprehensive Transportation System" proposes that by 2025, the integrated development of comprehensive transportation will be achieved, and breakthroughs will be made in intelligence and greening, which will directly drive the demand for light rail equipment.
Promoted by environmental protection policies
Under the global "dual carbon" goal, light rail, as a green travel mode, has been valued by governments of various countries. For example, Shenzhen Metro has achieved the combination of green rail transit and commercial value through photovoltaic power supply and TOD development.
Industry standards and certification
Standards such as EU TSI and China Railway Product Certification ensure the safety and compatibility of current collectors and promote market standardization. For example, CRRC meets the localization rate requirements and reduces construction costs through technological innovation.
2. Technological innovation and product iteration upgrade
Breakthrough in material science
Carbon skateboard and pantograph: use highly wear-resistant and conductive materials to extend service life and reduce maintenance costs.
Intelligent integration: integrated sensors and remote monitoring systems to achieve real-time fault diagnosis and predictive maintenance.
Modular design
Modular collectors support rapid replacement, reduce light rail operation interruption time, and improve system availability.
Green technology integration
Hydrogen energy and supercapacitor technology are applied to light rail vehicles to promote the development of collectors towards high efficiency and zero emissions.
3. Market demand continues to grow
Accelerated urbanization process
As the global urbanization rate increases, urban traffic pressure increases. As a medium and low volume solution, light rail continues to grow in demand. The scale of China's light rail market is expected to exceed 800 billion yuan in 2025 and exceed 1.2 trillion yuan in 2030.
Upgrade and transformation of existing lines
The aging of light rail systems in mature markets (such as Europe and North America) has given rise to the demand for replacement and upgrading of collectors.
Expansion of emerging markets
Light rail construction in Southeast Asia, Africa and other regions has accelerated, and companies such as CRRC and Zhuzhou Times have seized market share through cost-effective advantages.
The growth of the current collector market for light rail is driven by policy support, technological innovation, demand expansion, intensified competition and cost-effectiveness. In the future, companies need to focus on green and intelligent technologies, deepen industrial chain cooperation, and seize opportunities in emerging markets to cope with cost pressure and technological barriers and consolidate their market position. With the expansion of the global light rail network and technological iteration, the current collector market will usher in a broader development space.
This report aims to provide a comprehensive presentation of the global market for Current Collector for Light Rail Train (LRT), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Current Collector for Light Rail Train (LRT) by region & country, by Type, and by Application.
The Current Collector for Light Rail Train (LRT) market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Current Collector for Light Rail Train (LRT).
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Current Collector for Light Rail Train (LRT) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Current Collector for Light Rail Train (LRT) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Current Collector for Light Rail Train (LRT) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.