Market Overview:
The global rail guided vehicle 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 semi-automatic and all-automatic rail guided vehicles in railway stations, mining, and other applications. North America dominates the global rail guided vehicle system market followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
A Rail Guided Vehicle System is a transportation system that uses a guide rail to steer the vehicle. This type of system is often used for moving large items or materials, as it can provide more stability and control than other methods.
Semi-automatic:
Semi-automatic is a type of control system which has two or more operating elements, the operator can select one element to act as the active element and other(s) to serve as passive elements.
The selection of an appropriate semi-automatic system depends on various factors such as material handling capacity, production rate, machine design complexity among others.
All-automatic:
All-automatic guideway transit system is a fully automatic guided vehicle system which uses rails for supporting its movement. It is used to transport passengers and goods in various verticals including logistics, manufacturing, mining & excavation and the food & beverage industry. The global demand for automated guideway transit systems (AGVS) has increased owing to benefits such as reduced labor costs, improved safety standards along with enhanced efficiency of operations.
Application Insights:
The railway station application segment accounted for the largest share of over 50.0% in 2017. The railway station is one of the most important and busiest places on a daily basis, which requires constant monitoring and safety measures to be taken at any time. The introduction of such systems will help railways authorities to provide better security at stations, thereby improving passenger¢â‚¬â„¢s experience and increasing loyalty towards railways among consumers.
The other applications include airports, seaports & waterways, mining sites & facilities etc., which are expected to register significant growth over the forecast period owing to various advantages offered by these systems such as real-time location tracking; advanced emergency response services; remote monitoring; along with easy payment options through mobile apps or online portals using existing payment methods such as credit cards or cash via GSM/WIFI connectivity integrated system.
Regional Analysis:
Europe dominated the global rail GWSS market in terms of revenue with a share of over 35.0% in 2017. This is attributed to the presence of major players such as Siemens AG, Alstom, and Bombardier Transportation operating across various countries including France, Germany, Italy and U.K., among others. Moreover, increasing investments by governments for modernization and expansion are expected to drive demand over the forecast period.
Growth Factors:
- Increasing demand for rail guided vehicles from the automotive and manufacturing industries for material handling and transportation purposes.
- Growing popularity of rail guided vehicles as an efficient, economical, and safe mode of transportation in urban areas.
- Proliferation of automated Guided Vehicle Systems (AGVS) in warehouses and distribution centers to improve operational efficiency.
- Rising investments in research and development activities for the development of advanced AGVS technologies.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Guided Vehicle System Market Research Report
By Type
Semi-automatic, All-automatic
By Application
Railway Station, Mining, Other
By Companies
PowerMax, EFACEC, MEIDENSHA, Daifuku, Siasun
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Rail Guided Vehicle System Market Report Segments:
The global Rail Guided Vehicle System market is segmented on the basis of:
Types
Semi-automatic, All-automatic
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
Railway Station, Mining, Other
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:
- PowerMax
- EFACEC
- MEIDENSHA
- Daifuku
- Siasun
Highlights of The Rail Guided Vehicle 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:
- Semi-automatic
- All-automatic
- By Application:
- Railway Station
- Mining
- Other
- 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 Rail Guided Vehicle 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Rail Guided Vehicle System (RGV) is a rail-based transportation system that uses automated vehicles to transport passengers or cargo. The vehicles are guided by a track system, which allows them to move along a predetermined route at speeds up to 125 mph.
Some of the major companies in the rail guided vehicle system market are PowerMax, EFACEC, MEIDENSHA, Daifuku, Siasun.
The rail guided vehicle system market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rail Guided Vehicle System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rail Guided Vehicle System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rail Guided Vehicle System Market - Supply Chain
4.5. Global Rail Guided Vehicle System Market Forecast
4.5.1. Rail Guided Vehicle System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rail Guided Vehicle System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rail Guided Vehicle System Market Absolute $ Opportunity
5. Global Rail Guided Vehicle System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Rail Guided Vehicle System Market Size and Volume Forecast by Type
5.3.1. Semi-automatic
5.3.2. All-automatic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rail Guided Vehicle System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Rail Guided Vehicle System Market Size and Volume Forecast by Application
6.3.1. Railway Station
6.3.2. Mining
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rail Guided Vehicle System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Rail Guided Vehicle System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Rail Guided Vehicle System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Rail Guided Vehicle System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Rail Guided Vehicle System Demand Share Forecast, 2019-2026
9. North America Rail Guided Vehicle System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Rail Guided Vehicle System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Rail Guided Vehicle System Market Size and Volume Forecast by Application
9.4.1. Railway Station
9.4.2. Mining
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rail Guided Vehicle System Market Size and Volume Forecast by Type
9.7.1. Semi-automatic
9.7.2. All-automatic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Rail Guided Vehicle System Demand Share Forecast, 2019-2026
10. Latin America Rail Guided Vehicle System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Rail Guided Vehicle System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Rail Guided Vehicle System Market Size and Volume Forecast by Application
10.4.1. Railway Station
10.4.2. Mining
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rail Guided Vehicle System Market Size and Volume Forecast by Type
10.7.1. Semi-automatic
10.7.2. All-automatic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Rail Guided Vehicle System Demand Share Forecast, 2019-2026
11. Europe Rail Guided Vehicle System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Rail Guided Vehicle System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Rail Guided Vehicle System Market Size and Volume Forecast by Application
11.4.1. Railway Station
11.4.2. Mining
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rail Guided Vehicle System Market Size and Volume Forecast by Type
11.7.1. Semi-automatic
11.7.2. All-automatic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rail Guided Vehicle System Demand Share, 2019-2026
12. Asia Pacific Rail Guided Vehicle System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Rail Guided Vehicle System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Rail Guided Vehicle System Market Size and Volume Forecast by Application
12.4.1. Railway Station
12.4.2. Mining
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rail Guided Vehicle System Market Size and Volume Forecast by Type
12.7.1. Semi-automatic
12.7.2. All-automatic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Rail Guided Vehicle System Demand Share, 2019-2026
13. Middle East & Africa Rail Guided Vehicle System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Rail Guided Vehicle System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Rail Guided Vehicle System Market Size and Volume Forecast by Application
13.4.1. Railway Station
13.4.2. Mining
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rail Guided Vehicle System Market Size and Volume Forecast by Type
13.7.1. Semi-automatic
13.7.2. All-automatic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Rail Guided Vehicle System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rail Guided Vehicle System Market: Market Share Analysis
14.2. Rail Guided Vehicle System Distributors and Customers
14.3. Rail Guided Vehicle System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PowerMax
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. EFACEC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MEIDENSHA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Daifuku
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siasun
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
