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Monorail Systems Market by Type, Propulsion Type, Size, and Region - Global Forecast to 2021

Monorail Systems Market: Global Forecast until 2021

  • December 2016
  • 118 pages
  • ID: 4436642
In this report:
The Asia-Pacific straddle type monorail market is expected to grow from ##,##.##units in 2016 to ##,##.## units by 2021, at a CAGR of ##.##%.
The compact size segment is expected to grow at a CAGR of ##.##% from ##.## units in 2016 to ##.## units in 2021.
Hence, straddle type monorail segment is expected to record the largest market size, growing from an estimated ##,##.## units in 2016 to a projected ##,##.## units by 2021, at a CAGR of ##.##%.

Summary

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"Increased infrastructure development and demand for public transport systems will likely to drive the overall monorail systems market"

The monorail systems market is projected to be ~$4.7B in 2016, and is expected to grow at a compound annual growth rate (CAGR) of ~2.8 percent from 2016 to 2021, to attain ~$5.4B by 2021. The increase of this market is fueled by increased infrastructure development and demand for public transport systems in the emerging economies. Monorail systems are easy to install and are cost effective, which is a main driver for the monorail systems market.

"Electric monorail systems to be the fastest-growing segment in the monorail systems market"

Electrically-operated monorail systems are being increasingly adopted as they are environmentally friendly, reliable, and efficient. Electric monorail systems are economical and adaptable compared to maglev type monorail system. Maglev is a relatively new technology and is expensive than electric type monorail system. Given these advantages, the electric-operated monorail system market is anticipated to surpass the industries for maglev type monorail systems.

"APAC is the quickest growing sector for monorail systems"

The Asia Pacific (APAC) area is the quickest increasing sector for monorail systems. Analysis and development efforts form an integral part of the Asia-Pacific economy. The industry demand for public transport systems is growing in developing regions including Asia-Pacific as a measure for infrastructural development and economic increase. Monorail system manufacturers are expanding regionally to penetrate in several regions. The growth in demand for alternative transportation will likely drive the monorail systems market in Asia-Pac.

The market research includes industry insights from different market experts, ranging from component suppliers to Tier 1 firms and Original equipment manufacturers. The break-up of the primaries is like:

- By Company category - Tier 1 - 52 %, Tier 2 - 27.0 percent, Tier 3 - 21.0 percent

- By Description - C-suite - 47.0 percent, D-suite - 37.0 percent, Others - 16.0 percent

- By area - North america (NA) - 30.0 percent, Europe - 18.0 percent, Asia-Pacific - 42.0 percent, RoW - 10.0 percent

The document breaks down the monorail systems market and forecasts its size, by quantity and value, on the basis of area (North America continent, Asia Pacific (APAC), Europe (EU), and RoW), category (straddle and suspended), propulsion (electric and maglev), and size (big, medium and compact).

Segment Research

The market research offers a picture on monorail systems across different areas. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including by type, propulsion, size, and area. Moreover, the industry report also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, latest developments, and key industries strategies.

Why acquiring this study can help you:

The analysis offers business insights about the following parts:

- Business entry: Exhaustive information about the overall monorail systems market provided by the most important 10 market actors in the industry

- Product improvement/Innovative products: In-depth understanding into up-on-coming technologies, Research&development activities, and new system launches in the overall monorail systems market

- Industry development: Highlighted information about types of monorail systems. The market research examines the sector for different monorail systems across multiple regions

- Industry diversification: Complete information about recent products, untapped regional sectors, recent evolutions, and market investments in the monorail systems market

- Opposing assessment: In-depth assessment of the market shares, strategies, products, and manufacturing competences of key players in the monorail systems market

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