Monorail System

Monorail System Market Size Valuation Will Reach to US$ 180.48 Billion by 2027 Monorail System Market (By Type: Suspended Monorail and Straddle Monorail; By Autonomy: Semi-autonomous, Manual, Completely Autonomous; By Propulsion Type: Maglev Monorail, Electric Monorail; By Automation: GoA0, GoA1, GoA2, GoA3, and GoA4) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027

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[150+ Pages Report] The monorail system market size in terms of value is projected to reach $ 180.48 billion by 2027, at a CAGR of 21.94% between 2020 and 2027, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global monorail system market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global monorail system market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the monorail system industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

We customize your report according to your research need. REQUEST SAMPLE OR CUSTOMIZED COPY OF THIS REPORT (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/customization/1004

Growth Factors

The global monorail systems market is largely driven by the rising demand for public transportation system and increasing infrastructure development in the emerging nations. Furthermore, rising traffic congestion and need for reliable and fast-transport system is also driving the market significantly. Monorails offer several advantages over the metro system such as space optimization in installation along with environment friendly means of commutation. In addition, increasing traffic congestion especially in Asian countries has led the government to invest significantly on the monorail projects. For instance, China, India, Korea, Japan, and other ASEAN countries are largely focused on developing monorails for intra-city travel to reduce the travelling time and regulate the pollution in the region.

However, lack of research & development and innovation in the monorail system along with manufacturing cost and cost of installation for monorail hinder the market growth. Nevertheless, rising government initiatives for monorail rail expected to fuel the market growth during the forecast period.

Report Highlights

  • The Asia Pacific seeks to be the most opportunistic market during the forecast period. The significant growth of the region is majorly attributed to the rising urbanization, ever-increasing population, and rising investment on public transportation. In addition, need for environment-friendly mass transit system also propel the market growth prominently.
  • North America and Europe are the noticeable market players that contribute significantly to the market revenue. Being technologically developed and significant initiative by the government to reduce the carbon footprint in the region monorail is the preferred choice for mass transit in the region.
  • By propulsion type, electric monorails are the preferred choice over maglev monorail as they are more economical and suitable for intra-city travel. However, maglev trains have very high speed of more than 500 kilometers per hour that makes it unsuitable for short distance travel. Furthermore, it costs more in manufacturing and maintenance.
  • GoA2 dominated the automation segment with magnificent revenue share in the global monorail system market. Benefits offered by the GoA2 grade of automation over other grades such as less cost of installation compared to GoA3 & GoA4. In addition, they are operated under surveillance that helps to prevent from accident. However, GoA3 & GoA4 are fully automated monorail grades that possess high level of safety & punctuality.

Regional Snapshots

Asia Pacific is projected as the most opportunistic region during the forecast period. The vital factor attributed to this potential is ever increasing population, rapid urbanization, and increasing traffic congestion in this region. The governments of Asian countries are largely investing on public transportation and infrastructure development. As of Asian Development Bank, the Asia Pacific requires USD 8.4 Tn of finance by 2030 for transport projects and development. In addition, rising monorail projects in China, India, and ASEAN countries are expected to further drive the market growth prominently.

On the other hand, North America and Europe are the prominent regions in the global monorail systems market. The regions offer significant growth opportunity being technologically advanced and pre-adopter of advanced technologies. Furthermore, Europe is constantly focusing on reducing the carbon footprint in the region and has launched several directives and norms related to carbon emission.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global monorail system market are as follows:

  • Bombardier Corporation
  • CRRC Corporation Limited
  • Hitachi Rail
  • Ansaldo STS
  • BYD Company ltd
  • General Electric
  • Alstom S.A.
  • Thales Group
  • SIEMENS AG
  • Mitsubishi Electric
  • ABB

Market Segmentation

By Type

  • Straddle Monorail
  • Suspended Monorail

By Autonomy

  • Semi-autonomous
  • Completely Autonomous
  • Manual

By Propulsion Type

  • Electric Monorail
  • Maglev Monorail

By Autonomous

  • GoA0
  • GoA1
  • GoA2
  • GoA3
  • GoA4

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2020 – 2027.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the monorail system market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global monorail system market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for monorail system are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Monorail System Market, By Product

7.1. Monorail System Market, by Product Type, 2020-2027
7.1.1. Suspended Monorail
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Straddle Monorail
7.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Monorail System Market, By Autonomy

8.1. Monorail System Market, by Autonomy, 2020-2027
8.1.1. Semi-autonomous
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Manual
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Completely Autonomous
8.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Monorail System Market, By Propulsion Type

9.1. Monorail System Market, by Propulsion Type, 2020-2027
9.1.1. Maglev Monorail
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Electric Monorail
9.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Monorail System Market, By Autonomous Type

10.1. Monorail System Market, by Autonomous Type, 2020-2027
10.1.1. GoA0
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. GoA1
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. GoA2
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. GoA3
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. GoA4
10.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Monorail System Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.1.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.1.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.1.5.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.1.6.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.2.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.2.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.2.5.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.2.6.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.2.7.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.2.8.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.3.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.3.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.3.5.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.3.6.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.3.7.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.3.8.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.4.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.4.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.4.5.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.4.6.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.4.7.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.4.8.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.5.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.5.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.5.5.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Autonomy (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
11.5.6.4. Market Revenue and Forecast, by Autonomous Type (2016-2027)

Chapter 12. Company Profiles

12.1. Bombardier Corporation
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. CRRC Corporation Limited
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Hitachi Rail
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Ansaldo STS
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. BYD Company ltd
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. General Electric
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Alstom S.A.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Thales Group
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. SIEMENS AG
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Mitsubishi Electric
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. ABB
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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