Monorail Market is Expected to Reach a Market Value of USD 6.38 billion by 2026

Monorail Market is forecasted to grow at 2.87% with factors such as slow availability of product substitutes and limited number of manufacturers will hamper the growth of the market in emerging economies

Monorail market has shown an exceptional penetration in developing economies such as India, Korea and China. Increasing investment in infrastructure sector, technological advancement and rising purchasing power of people in these regions.

Monorail Market Scenario

According to Data Bridge Market Research the monorail market is growing due to factors such as rising prevalence of cost effective public transport, adoption of advanced products and rapid urbanization and industrialization will enhance the growth of the market during the forecast period. Congestion of traffic, environment friendly and compatibility will further create new opportunities for growth of the monorail market.

Now the question is which are the other regions that monorail market is targeting? Data Bridge Market Research has forecasted a large growth in European monorail market and the market leaders targeting Germany, France and U.K. to be their next revenue pockets for 2020.

For More Analysis on the monorail market request for a briefing with our analysts

New Monorail Market Developments in 2019

Prasarana Malaysia Berhad signed a contract with Scomi Group Bhd in April 2019. They will acquire seven new four-car train sets to develop the route of monorail and maintain the quality by renovating trains within a period of time.

Scope of the Monorail Market

Global monorail market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel,  Rest of Middle East and Africa (MEA).

  • All country based analysis of the monorail market is further analyzed based on maximum granularity into further segmentation. On the basis of type the market is segmented into straddle monorail and suspended monorail. Based on propulsion the market is segmented into electric monorail systems and maglev monorail systems. Based on grade of automation the market is segmented into GoA0, GoA1, GoA2, GoA3 and GoA4. The autonomy covered for the report are manual, semi- autonomous and completely- autonomous. 
  • Monorail is defined as rail based transportation system consist of single rail which are usually made up of concrete and metals as they require minimal foot print for support pillars which enable them to run on elevated tracks while used in various applications such as airport transportation, medium metros and others. 

To know more about the study

Key Pointers Covered in the Monorail Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Regulatory Framework and Changes
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Scomi Group Bhd
  • Siemens
  • Bombardier
  • Hitachi Ltd
  • CSR Corporation Limited
  • Mitsubishi Heavy Industries LTD
  • Einar Svensson
  • The Urbanaut Company Inc
  • Aerobus International Inc
  •  Intamin Amusement Rides Int
  • Thales Group
  • Alstom
  • Hitachi Rail STS, Ltd
  • EC21 Inc

Above are the key players covered in the report to know about more and exhaustive list of Monorail companies contact us

Research Methodology: Global Monorail Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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