Market Report on China Urban Rail Transit Industry [2010-2020]

Dec., 12, 2015, Mumbai, India: Market Reports on China presents the report, on “Market Report on China Urban rail transit Industry [2010-2020]”. With fast economic development, prevalence of urbanization process and fast growth of population in major cities, traffic demand has increased remarkably in China which puts a heavy strain on city comprehensive transport system.

In China, urban rail transit mainly includes subway and light rail. Chinas first urban rail transit line was built in Nanjing in the 1930s and removed when the PRC was founded. And the first urban rail transit line (subway) since 1949 was bulit in 1965 and completed in 1969 in Beijing. "http://www.marketreportsonchina.com/industry-mfg-market-research-reports-14295/research-china-urban-rail-transit.html"

With fast economic development, prevalence of urbanization process and fast growth of population in major cities, traffic demand has increased remarkably in China which puts a heavy strain on city comprehensive transport system. Take Shanghai for example, by the end of 2014, civil car ownership had reached 2.5519 million, increasing by 418.8% compared with 2000 while the length of road per thousand people only doubled since 2000. That is to say, the growth rate of ground road construction is far slower than that of vehicle number.

The experience of developed countries shows that urban rail transit is an effective way to solve traffic jam. On one hand, the development of urban rail transit expands a city and makes the surrounding area more resided and better equipped with living and commercial facilities. On the other hand, the improvement of urban rail transit makes it easier for urban people to travel to outskirts and also for suburban dwellers to go to downtown.

As an important part of infrastructure, urban rail transit construction requires large investments. Relevant calculations have shown that every CNY 100 millon investment will stimulate GDP growth by CNY 300 million and bring...