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Monorail System Market by Type (Straddle and Suspended), Propulsion (Electric and Maglev) and Size (Large, Medium and Compact): Global Opportunity Analysis and Industry Forecast, 2021–2027

A08506
Pages: NA
Jun 2021 | 441 Views
 
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Monorail System Market Outlook - 2027

Monorail is a transportation system that is commonly referred to as a beam way for an elevated system, supported along a single rail. Monorail features a wide selection of applications from airport transportation to medium capacity metros. In addition, companies are offering mass transit planners nowadays. For instance, Hitachi Monorail Systems provides mass transit planners, which have distinctive features in comparison to other public transportation systems. Monorail systems have grown, owing to increase in infrastructure development and high demand for public transportation systems in developing countries. Therefore, these factors are expected to further drive the market over the forecast period.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type, Propulsion and Size

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Scomi Engineering Bhd, Siemens AG, Bombardier Inc., Hitachi, Ltd., Mitsubishi Heavy Industries Ltd., Urbanaut Monorail Technology, Inc., Intamin Bahntechnik, and Woojin Industrial System

 

COVID-19 scenario analysis:

  • The continued spread of COVID-19 is expected to negatively impact the domestic auto industry in the near term as the major manufacturing hubs for automobile and auto parts have been shut down for months.
  • The highest production loss has been listed by the most productive countries across the globe since the pandemic. In addition, the economic trade has also posted a huge impact on the manufacturing companies.
  • Production is expected to resume, but the companies have to take strict measures to control the spread of the virus.
  • The unorganized automotive sector has much worse condition due to uncertainty that would impact smaller organizations with lesser retentive power due to their lower profitability.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Growth of urbanization, space optimization, and cost efficiency are expected to spur the demand for monorail system market over the forecast period. Moreover, low market penetration, speed, and availability of alternate modes are anticipated to hamper the growth of the market. Furthermore, traffic congestion, technological developments, and environmental compatibility are expected to offer lucrative opportunities for the market over the forecast period.

The monorail system market trends are as follows:

Growth of urbanization 

Developing cities have been the main centers of learning, culture, and innovation throughout decades. Rapid increase in population in many countries has resulted in rapid urbanization across the globe as more people are shifting toward developed cities of their countries to get better opportunities. This has boosted the tourist industry for years now. Therefore, it is expected to drive the monorail system market over the forecast period.

Cost efficiency 

Efficiency in operation and low cost of installation of monorail systems have increased the demand for monorail system, and more customers are opting for this as an alternative mode for transportation. In addition, customers are more cost-centric and find better alternatives to save their money. Therefore, these factors are expected to fuel the monorail system market over the forecast period.

Key segments covered:               

Segments

Sub-segments

  Type

  • Straddle
  • Suspended

  Propulsion

  • Electric
  • Maglev

  Size

  • Large
  • Medium
  • Compact

Key benefits of the report:

  • This study presents the analytical depiction of the monorail system market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the monorail system market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the monorail system market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions answered in the monorail system market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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