Platform Screen Door System Market Statistics – 2026
The global platform screen door system market was valued at $630.00 million in 2017, and is projected to reach $1,010.00 million by 2026, registering a CAGR of 5.2%. Asia-Pacific was the highest revenue contributor, accounting for $295.16 million in 2017, and is estimated to reach $503.79 million by 2026, with a CAGR of 6.0%.
Platform screen door system is a type of barrier that is installed at transit stations, which acts as a barrier between the passenger and the transit area such as platforms or airport runways. Platform screen door systems are intended to provide safety and security to the passengers; thus, reducing the chance of accidents caused due to human intervention. They are a form of new addition to the transit stations across the globe and continuous developments have been made to provide a better version of platform screen doors system to reduce accidents. Numerous developments have been carried out by companies across the globe for introducing advanced platform screen doors, which leads to its wider adoption. Also, with the development in railway and other infrastructure, platform screen doors find a wider application, which effectively leads to the growth of the global platform screen door system market.
The global platform screen door system market has been supplemented by factors such as the rising need for public safety and massive transportation infrastructure developments. Moreover, high capital requirement and refurbishment of existing safety system are the factors that hamper the growth of the global platforms screen door system market. However, rise in demand for safe, secure, & efficient transport system and improvement in railway infrastructure in developing countries are the factors that increase the demand for platform screen doors to be installed at transit stations; thus, leading to the growth of the global platform screen door system market.
The global platform screen door system market is segmented into product type, application and region. By product type, the global system market has been categorized into full height, semi height and half height type of platform screen doors. By application, the global platform screen door system market has been classified into metro, airport and bus stop. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global platform screen door system market include Faiveley Transport, Fangda Group, Gilgen Door Systems AG., Horton Automatics, Manusa, Panasonic Corporation, Jiacheng Railway International, Stanley Access Technologies LLC., Toshi Automatic Systems Pvt. Ltd. and Westinghouse Electric Corporation.
Rising need for public safety
The air, land, and other transportation systems are designed for accessibility and efficiency to facilitate global trade and travel. However, with the surge in accidental rates, antisocial behavior and other factors, the government has introduced new technologies and strategies to ensure public safety. It has become necessary to improve the system and responses for catastrophic attacks and find safer, cost-effective, and feasible solutions. This feature adds traction to the market growth and offers lucrative growth opportunities for the global platform screen door system market.
Enhanced transport infrastructure and security system
The governments across the globe are focused on improving the transportation structure and safety & security system of their respective countries. This increased focus has enabled numerous countries to upgrade their existing safety and security system through various contracts and agreements carried out by top manufacturers. Recently, transit station upgradation projects are being carried out across the globe for the installation of automatically operated platform screen door system to ensure safety and security of the passengers. For instance, despite availability of platform screen doors at transit stations of Brazil, the government is anticipated to introduce platforms screen door system at all the stations by the end of 2021. Also, platform screen doors are being installed at the driverless metro lines of Greece and are expected to be completed by November 2020. This increases the adoption rate of such systems at a higher rate, which supplements the growth of the global market.
By Product Type
Global Platform Screen Door System Market by Product Type, 2017-2026, ($Million)
High capital requirement
Transportation can be considered as the enabler of economic progress owing to rise in use of public transport services as a solution to minimize traffic congestions coupled with the cheapest and safest mode of transportation. However, one of the key restraints of the platform screen door system market is the capital-intensive nature of the market, as the cost of installation is significantly high. For instance, in 2018, Indian railway decided to install platform screen door system at the stations of Maharashtra metro to reduce accidents and suicides. This entire budget was expected to reach around $26.10 million. This indicates the requirement of high capital to build as well as to maintain the safety network, which is expected to hamper the market growth.
By Application
Airport platform screen door system is projected as the most lucrative segments
Rise in demand for safe, secure& efficient system
According to the fact sheet of the World Health Organization (WHO), there are a majority of accidents that are caused due to an individual coming in contact with the transit vehicle such as metros or buses. This is due to increased demand for passengers using different metro and bus services. This increased trend toward the access of public transport has caused many causalities at transit stations, which has increased the need for platform screen doors to be present at these places. Also, advancements in technology and infrastructure upgradation have led to the demand for safe, secure and efficient system to be installed at different stations, which significantly contributes toward the growth of the global platform screen door system market.
By Region
LAMEA would exhibit the highest CAGR of 7.0% during 2020-2026.
Key Benefits For Stakeholders
This study presents the analytical depiction of the global platform screen door system market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall platform screen door system market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global platform screen door system market with a detailed impact analysis.
The current platform screen door system market is quantitatively analyzed from 2017 to 2026 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Platform Screen Door System Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Application |
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 By Region |
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 Key Market Players | Fangda Group, Jiacheng Railway International, Panasonic Corporation, Toshi Automatic Systems Pvt. Ltd., Stanley Access Technologies LLC., Horton Automatics, Gilgen Door Systems AG., Westinghouse Electric Corporation., Manusa, Faiveley Transport |
Analyst Review
The platform screen door system market is projected to witness considerable growth, especially in the Asia-Pacific region, owing to increased investment toward infrastructure developments, growth in population along with the increase in globalization and rise in demand for public safety across the globe. Companies in this industry are adopting various new techniques to provide customers with advanced and innovative feature offerings.
In accordance with the insights of CXOs of leading companies, the half height segment possesses higher potential for growth in the global market. Full height segment dominated the global market in 2017, and is expected to continue this trend during the forecast period. By application, the airport segment is expected to witness highest growth rate during the forecast period, due to inclination toward the overall safety and security across different countries. LAMEA is expected to witness significant growth during the forecast period, due to lucrative opportunities offered by underlying countries within LAMEA.
The global platform screen door system market has been supplemented by factors such as the rising need for public safety and massive transportation infrastructure developments. Moreover, high capital requirement and refurbishment of existing safety system are the factors that hamper the growth of the global platforms screen door system market. However, rise in demand for safe, secure, & efficient transport system and improvement in railway infrastructure in developing countries are the factors that increase the demand for platform screen doors to be installed at transit stations; thus, leading to the growth of the global platform screen door system market.
Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by Europe, North America and LAMEA. On the basis of forecast analysis, Asia-Pacific is expected to maintain its lead during the forecast period, owing to increased adoption of advanced technologies as compared to other regions.
The new competitive developments in platform screen door system market includes the introduction of new platform screen door system to be installed at different transit stations to ensure safety of passengers.
Full height platform screen door system holds a major market share of approximately 52% of the total market. This is due to the increased application of full height platform screen door system at different transit stations.
The sample for platform screen door system market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report. The sample for platform screen door system market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.
The potential customers in the global platform screen door system market includes the different companies which are installing platform screen door system at different transit stations to ensure safety and security of passengers.
The leading players in the global platform screen door system market includes Faiveley Transport, Gilgen Door Systems AG, Horton Automatics, Westinghouse Electric Corporation and others who offers different platform screen door services and systems and holds a major market share in the global market.
The company profiles of the top market players of platform screen door system market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry as well as their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.
Based on the analysis, Asia-Pacific is the highest revenue contributor and is expected to maintain the lead in the global platform screen door system market owing to the wider application of platform screen door system at different transit stations across the region.
The service providers in the global platform screen door system industry are the different companies which are offering better and advanced platform screen door system to ensure safety and security of passengers thus propelling the growth of the global market.
The key growth strategies of platform screen door system industry players includes contracts and agreements between governments and companies which eventually leads to the growth of the global platform screen door system market.
The installation cost of platform screen door system at transit stations depends on the cost of installation and services offered by different providers to ensure safety of passengers.
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