Market Overview:
The global monorail system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for public transportation and rising concerns for environment-friendly transportation options. The straddle type monorail system segment is expected to dominate the market during the forecast period, owing to its advantages such as low cost and easy installation. However, the suspended type monorail system segment is projected to grow at a higher CAGR during the forecast period, due to its advantages such as high speed and capacity. The electric monorail system segment accounted for majority of the share in 2017 and is projected to maintain its dominance during the forecast period.
Product Definition:
A monorail system is a railway in which the track consists of a single rail. The term usually refers to the trackage within or connecting major urban areas, as opposed to commuter or regional train systems that serve smaller towns and suburbs. Monorails have found applications in airport transfer and tourism systems, as well as for mass transit within cities.
Straddle Type:
Straddle type is a method of transporting passengers and goods using two rail tracks. It's major application is in monorail systems, where it helps to transport people and goods over short distances with the help of automated vehicles. The system also has applications in freight rail, light rail transit systems, trams & trolleys or streetcars (trams), intercity railways, high-speed passenger trains (bullet trains), and heavy regional railways.
Suspended Type:
Suspended type monorail system is a railway transport system which uses suspended cars or trainsets instead of conventional tracks. It is used for short distance transportation of passengers and goods in commercial, residential, industrial and other special applications. Monorail systems have minimum energy consumption requirements as they do not require any supporting beams or columns for the support of weight-bearing loads and are self-supporting.
Application Insights:
The electric monorail system application segment accounted for the largest revenue share of over 40% in 2017. The electric monorail is widely used on account of its ability to levitate over a wide range of speeds and to provide comfortable ride by reducing the friction caused by conventional trains. Moreover, increasing government initiatives towards developing smart cities and townships are expected to boost product demand in urban areas across various regions globally.
Magnetic Levitation (ML) systems are poised to witness significant growth owing to their non-contact magnetic levitation technology that eliminates the need for a contact wheel assembly, thus resulting in reduced maintenance costs and time savings during inspection & repair operations. ML systems have been proven effective not only on monorails but also on metros as well as trams due largelyto their lightweight design that reduces overall system weight thereby improving stability & efficiency characteristics while enhancing passenger safety features at same time.
Regional Analysis:
Asia Pacific monorail system market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing investments in the tourism sector and rising demand for public transportation systems in countries such as China, Japan, India, Malaysia and Thailand. Monorails are considered ideal for high-density urban areas due to their ability to efficiently transport large volumes of passengers over short distances with reduced energy consumption as compared to other conventional modes.
Monorails have been used successfully across a wide range of applications including airport terminals, stations & departsures (station), shopping malls (satellite city) and resorts & leisure centers (residential). The Asia Pacific region has some of the most successful monorail applications across various industries which include airports; stations; residential complexes; hotels/resorts; hospitals & medical centers; schools/universities/colleges etc.
Growth Factors:
- Increasing urbanization: The global population is increasingly moving towards cities, which is leading to an increase in the number of people using public transportation. Monorail systems are a more efficient and faster mode of public transportation when compared to buses and other traditional forms of transport, thereby resulting in an increase in their demand.
- Rising income levels: As incomes rise, people have more money to spend on luxury items such as monorail systems. This has led to an increase in the demand for monorails even in developing countries where the per capita income is low.
- Government initiatives: Governments around the world are investing heavily in monorail systems as a mode of public transportation due to their many advantages over other modes such as buses and trains. This has resulted in a surge in the demand for monorails globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Monorail System Market Research Report
By Type
Straddle Type, Suspended Type
By Application
Electric, Magnetic Levitation
By Companies
Hitachi, Ingersoll Rand, Rostek, CRS Crane Systems, Eisenmann SE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Monorail System Market Report Segments:
The global Monorail System market is segmented on the basis of:
Types
Straddle Type, Suspended Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electric, Magnetic Levitation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hitachi
- Ingersoll Rand
- Rostek
- CRS Crane Systems
- Eisenmann SE
Highlights of The Monorail System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Straddle Type
- Suspended Type
- By Application:
- Electric
- Magnetic Levitation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Monorail System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A monorail system is a type of rail transit that uses magnetic levitation to move passengers along a guideway. Monorails are often considered more luxurious than other types of rail transit, and they are used primarily in urban areas.
Some of the key players operating in the monorail system market are Hitachi, Ingersoll Rand, Rostek, CRS Crane Systems, Eisenmann SE.
The monorail system market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Monorail System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Monorail System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Monorail System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Monorail System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Monorail System Market Size & Forecast, 2020-2028
4.5.1 Monorail System Market Size and Y-o-Y Growth
4.5.2 Monorail System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Straddle Type
5.2.2 Suspended Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electric
6.2.2 Magnetic Levitation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Monorail System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Monorail System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Straddle Type
9.6.2 Suspended Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electric
9.10.2 Magnetic Levitation
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Straddle Type
10.6.2 Suspended Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electric
10.10.2 Magnetic Levitation
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Straddle Type
11.6.2 Suspended Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electric
11.10.2 Magnetic Levitation
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Straddle Type
12.6.2 Suspended Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electric
12.10.2 Magnetic Levitation
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Straddle Type
13.6.2 Suspended Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electric
13.10.2 Magnetic Levitation
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Monorail System Market: Competitive Dashboard
14.2 Global Monorail System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi
14.3.2 Ingersoll Rand
14.3.3 Rostek
14.3.4 CRS Crane Systems
14.3.5 Eisenmann SE
