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 economical 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 the economically emerging countries like China and India will drive the market of Monorail systems in the Asia-Pacific region.
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.
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)
The report covers brief analysis of country level market information –
|Market Size||2030 : USD 5,360 Milion|
|CAGR||2.70% CAGR (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||
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.