With China’s economy entering a new normalcy, newly occurring urbanization and industrialization will force urban rail transit to enter a stage of differential development. This paper discusses the future development situation from the perspectives of demand and capability. Through analysis of the influence of population, taxation, land, and finance, it is believed that the development mainly examines the urban population growth, urban industrial development, and government financial ability. The central city and major urban clusters will be the main markets, and the demand for different types of cities will be different. In the future, the rail transit system will be diversified to meet different needs. Passenger flow benefits, operation management, investment and financing, and comprehensive development will be given more attention. Finally, industrial management policies should also be regulated and controlled in a comprehensive, differentiated, and targeted manner.