Monorail Systems Market Research Report - Forecast to 2030

Monorail Systems Market Research Report Information by Monorail Type (Straddle and Suspended), Propulsion Type (Electric and Magnetic levitation), Size (Large, Medium and Compact) and by Region - Forecast to 2030

ID: MRFR/AM/1369-HCR | 100 Pages | Author: Sejal Akre | October 2023         

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Monorail systems Market Scenario


Monorail systems market is expected to show a growth of USD 5,360 Milion, at a CAGR of 2.70% from 2022 to 2030


The report for Global Monorail Systems Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions


Regional Analysis of Global Monorail systems Market


Asia-Pacific is expected to dominate the Monorail systems market in the forecast period and is followed by North America and Europe. Infrastructural development and increasing demand for efficient passenger transportation service in economically emerging countries like China and India will drive the market of Monorail systems in the Asia-Pacific region.


Key Players


The key players of Global Monorail systems Market report include- Scomi Engineering Bhd, Siemens AG, Bombardier Inc., Hitachi, Ltd., CSR Corporation Limited, Mitsubishi Heavy Industries Ltd., Urbanaut Monorail Technology, Aerobus International, Inc., Intamin Bahntechnik and Woojin Industrial System. 


Market Segmentation


  Monorail systems Market Share


Monorail systems is a single rail track service for passengers. The main key drivers for the growth of the monorail systems are urbanization and increased demand for cost effective & efficient transportation for public services. Straddle monorail by monorail type is estimated to acquire largest share in the global monorail systems market.


As straddle monorail system are easy to install without having spent on expensive track-line construction and also provides safety, reliability, and maintainability compared to suspended monorail systems. Furthermore, electric monorail system by propulsion type is estimated to be fastest growing segment in the market of monorail systems as they are energy efficient, reliable and environment friendly. The global Monorail systems market is expected to show a growth at CAGR of about 2.70% from 2022 to 2030.


Monorail systems Market, by Region (USD Million)


 Monorail systems Market Outlook


Target Audience



  • Manufacturers of Monorail systems

  • Monorails material suppliers

  • Railroad Authorities/Organizations

  • Government and research organization

  • Investment bankers and M&A Consultants


Geographic Analysis



  • Geographical analysis across 17 countries


Company Information



  • Profiling of 10 key market players

  • SWOT analysis, and strategy  information of top five players in the market

  • Competitive landscape including emerging trends adopted by major companies


The report covers brief analysis of country level market information –



  • North America

    • U.S.

    • Canada

    • Mexico

    • Rest of North America



  • Europe

    • U.K.

    • Germany

    • France

    • Rest of Europe



  • Asia-Pacific

    • China

    • India

    • Japan

    • Rest of Asia-Pacific



  • ROW

    • Brazil

    • Russia

    • Others




Study Objectives of Global Monorail systems Market




  • To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global Monorail systems market 

  • To provide insights about factors affecting the market growth

  • To analyze the global Monorail systems market based on various factors such as supply chain analysis, and Porter’s five forces analysis

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries - North America, Europe, Asia-Pacific, and ROW.

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segment by monorail type, propulsion type, size and region

  • To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Monorail systems market




Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 5,360 Million
  CAGR   2.70% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Monorail Type, Propulsion Type, Size
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Scomi Engineering Bhd, Siemens AG, Bombardier Inc., Hitachi, Ltd., CSR Corporation Limited, Mitsubishi Heavy Industries Ltd., Urbanaut Monorail Technology, Aerobus International, Inc., Intamin Bahntechnik and Woojin Industrial System
  Key Market Opportunities   Track-line construction
  Key Market Drivers  Energy efficient  reliable  Environment friendly


Frequently Asked Questions (FAQ) :

Scomi Engineering Bhd, Siemens AG are the top 2 key players flourishing the market’s share across the world.

Mitsubishi Heavy Industries Ltd. is assisting the market’s growth currently.

A CAGR of about 2.70% is the rate at which the market is going to expand in the forecast period

2022 to 2030 USD 5,360 Milion is the growth period of the market.

Urbanization and increased demand for cost effective & efficient transportation for public services are the factors taken into concern for the market’s evolution.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players‚Äô financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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