Monorail Systems market is on track to accomplish a 2.70% CAGR in the forecast period. Monorail System Market To Be Boosted By Growing Investment In Infrastructure. Monorail Systems Market To Gain Considerably From Escalation In Urbanization. The segment analysis of the monorail system market is carried out on the basis of monorail type, propulsion type, size, and region. —
Global Monorail Systems Market Overview
The focus of the transportation sector globally is on reducing the number of personal automobiles on the road and increasing shared sources of transportation. Market reports linked to the automobile technology industry have been offered by Market Research Future which makes reports on other industry verticals that aims to study the current market scenarios better. The market is on track to accomplish a 2.70% CAGR in the forecast period.
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Monorail systems are growing due to improvements in public infrastructure and increasing traffic issues globally that have increased the traveling times significantly. The monorail system developments are also influenced by the rising concerns associated with pollution caused by increasing use of automobiles. The cost-effectiveness of monorail systems to commuters is expected to increase its adoption in a major way globally. Moreover, the increasing rate of urbanization is expected to create favorable opportunities for expansion of the monorail system market in the forecast period.
On the basis of monorail type, the monorail system market is segmented into straddle and suspended. Based on propulsion type, the monorail system market is segmented into magnetic and electric levitation. The segmentation of the monorail system market on the basis of size consists of medium, large, and compact. The regions included in the monorail system market are North America, Europe, Asia Pacific and Rest of the world.
Detailed Regional Analysis
The regional analysis of the monorail system market comprises of regions such as North America, Europe, Asia Pacific and Rest of the world. The Asia Pacific region is anticipated to control the monorail systems market in the forecast period and is trailed by the North American and European region. The infrastructural development and growing demand for efficient passenger transportation service in economically developing countries like China and India will boost the market for monorail systems in the Asia Pacific region.
The competitive outlook for the market is expected to diversify significantly in the coming period. The developments in the market are expected to be fuelled by the rise in investments and product innovations. The competitors are proactively addressing the challenges to growth and are crafting strategies that can have the best overall effect on the market's progress. The market leaders are taking an interest in the creation of strong value chains that can yield increased profits. The opportunities for growth in the market have ample scope for development in the forecast period. The market challengers find themselves in a promising position with the capacity to handle the pace of change. The perceived tendency for the market s growth has increased following the availability of positive factors in the market.
The noteworthy competitors in the monorail systems Market report globally are Siemens AG, Bombardier Inc., Hitachi, Ltd., Scomi Engineering Bhd, Intamin Bahntechnik, CSR Corporation Limited, Urbanaut Monorail Technology, Mitsubishi Heavy Industries Ltd., Aerobus International, Inc., and Woojin Industrial System.
Aug 2018 Max B gl, a German construction technology firm has signed an agreement with Chengdu Xinzhu Road & Bridge Machinery Co (Xinzhu), a Chinese civil products giant over the Transport System B gl. The agreement will lead to the construction of a 3.5km trial stretch of the maglev system in Chengdu. Xinzhu will be wholly responsible for marketing and construction of the Transport System B gl in China and intends to make numerous lines.
Aug 2018 Hitachi will provide 28 six-car trains and Ansaldo STS will supply telecommunications, signaling, and power systems, while Mitsubishi will be in control of the commercial matters. MPSA will pick the prime contractor for the project, which will include the civil works portions, while the subcontractor contract will be signed by the prime contractor and the three MOU signees.
Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain
5 Industry Overview
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
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