Monorail Systems Market Highlights:
Monorail Systems Market Key Players Analyzed: Hitachi, Ltd., Aerobus International, Inc., Urbanaut Monorail Technology, Bombardier Inc., CSR Corporation Limited, Mitsubishi Heavy Industries Ltd., Scomi Engineering Bhd, Woojin Industrial System, Intamin Bahntechnik, and Siemens AG.
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Monorail Systems Market Drivers and Restraints:
Rapid urbanization and the presence of large volumes of the population in urban areas has increased the demand for affordable, and efficient modes of transportation in the public sector. Monorails offer a mode of transport which is efficient and cost-effective, this driving the global monorail systems market. The growing applications electric monorail systems will likely provide the market with a significant boost as these systems are energy efficient, reliable and environment friendly. Although monorails are not new transport, ongoing technological advancement has increased monorail speeds and allows them to cover greater distances.
Monorail systems are the optimal choice with regards to space over metros and other public modes of transportation. The increasing need for sustainable transportation to reduce the increasing traffic congestion in large cities is expected to drive the market significantly over the forecast period. Monorails are being used to connect airport terminals and to connect large shopping centers to parking lots. The low cost of installation of such systems is expected to drive the market rapidly.
Global Monorail Systems Market Segments Analysis:
The global monorail systems market has been segmented based on monorail type, propulsion type, size, and region. Monorail type has been segmented into straddle and suspended. Straddle monorail systems have landed the largest share in the market due to this type of monorail system being easy to install and inexpensive for track-line construction. Moreover, the straddle monorail system is safe, reliable and easy to maintain.
Propulsion type has been segmented to include electric and magnetic levitation. The electric segment is at the forefront of the market due to the growing environmental consciousness across the globe. Electric monorail systems are energy efficient, and reliable.
Size has been largely segmented into large, medium and compact.
Regions covered in the report include Asia Pacific, Europe, North America, and Rest of the World.
Global Monorail Systems Market Regional Analysis:
Among the various key regions that have been covered in MRFR’s report, the Asia Pacific regional market is anticipated to capture the leadership position in the global market. The region has rapid infrastructural development taking place, and the increasing demand for efficient passenger modes of transport in emerging economies is growing rapidly.
The APAC is heavily populated and is rapidly developing smart cities as well as looking to install prudent transport modes to reduce traffic problems. Countries like India and China are embracing monorail systems to provide transport and decongestion of heavy traffic in metro cities. China has invested in the development of several monorail systems. Other countries in the region where monorail systems are expected to be developed include Korea and Thailand. Europe and North America follow the Asia Pacific in terms of market size.
Report Overview:
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, 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.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continued…
List Of Tables:
Table 1 Monorail Systems Market: By Monorail Type, 2014-2022 (USD Billion)
Table 2 Straddle: Monorail Systems Market, By Region, 2014-2022 (USD Billion)
Table 3 Suspended: Monorail Systems Market, By Region, 2014-2022 (USD Billion)
Table 4 Global Monorail Systems Market: By Propulsion Type, 2014-2022 (USD Billion)
Table 5 Electric: Monorail Systems Market, By Region, 2014-2022 (USD Billion)
Table 6 Magnetic Levitation: Monorail Systems Market, By Region, 2014-2022 (USD Billion)
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
Continued…
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