Light rail vehicles and streetcars worldwide: Positive growth expectations still prevail despite tight municipal budgets

Demand for light-rail vehicles (LRVs, light rail vehicles and streetcars) has developed very

dynamically over the past ten years. SCI Verkehr sees continued growth for this niche market, based

on numerous replacements and orders placed in real terms. Despite recessionary trends, the political

will to invest in climate-friendly mobility remains strong, especially in Europe's cities. The global

market volume for new vehicles is currently around EUR 2.8 billion per year, with annual expected

growth of around 4% until 2026.