Global Automated People Mover Market, By System Type (Monorail, Duorail, Automated Guideway Transit or Maglev, Others), Application (Airports, Urban Transit, Amusement Parks, Shopping or Commercial Centers, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automated People Mover Market
The automated people mover market is expected to witness market growth at a rate of 6.10% in the forecast period of 2021 to 2028 and is expected to reach USD 4,103.00 million by 2028. Data Bridge Market Research report on automated people mover market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing demand for the movers is escalating the growth of automated people mover market.
Automated people movers are extensively utilized for those short rides to transfer a relatively large group of about 300 passengers per ride in a small timescale. They assist passengers in travelling faster between terminals, concourses and gates. Their use leads to a shorter minimum connecting time and a shorter origin to destination time. Airports are emphasizing on the enhancement of travel experience of passengers to generate more income. This is considered a technologically-advanced transit system with more operating effectiveness than a conventional transit system.
The increasing demand of these movers because of the necessity of efficient interconnection between airport terminals and city centers act as one of the major factors driving the growth of automated people mover market. The high adoption of automated people mover as they require low capital investments while also providing require low capital investments which ensure maximum passenger room in the system accelerate the automated people mover market growth. The increasing preference towards automated people movers over conventional transit systems as they impose less maintenance costs while the later impose less maintenance costs causing high expenses further influence the automated people mover market. The increasing need for fast, reliable, and cost-effective transportation solutions due to urban transit system and the benefits offered such as optimum design solution providing optimum design solution and maximum availability of passenger room also boosts the automated people mover market. Additionally, increasing air passenger density, expansion of airports, rising demand for sustainable and reliable transport solutions, urbanization and surge in investment positively affects the automated people mover market. Furthermore, innovative technologies to develop modern automated people movers, the increasing demand for customized solutions and sustainable transportation solutions aircraft extends profitable opportunities to the automated people mover market players in the forecast period of 2021 to 2028.
On the other hand, the concerns regarding the maintenance of the movers are expected to obstruct the automated people mover market growth. The negative impact of COVID-19 on various industries especially travel sector is projected to challenge the automated people mover market in the forecast period of 2021-2028.
This automated people mover market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automated people mover market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automated People Mover Market Scope and Market Size
The automated people mover market is segmented on the basis of system type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of system type, the automated people mover market is segmented into monorail, duorail, automated guideway transit or maglev and others.
- On the basis of application, the automated people mover market is segmented into airports, urban transit, amusement parks, shopping or commercial centers and others.
Global Automated People Mover Market Country Level Analysis
The automated people mover market is analyzed and market size, volume information is provided by country, system type and application as referenced above.
The countries covered in the global automated people mover market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automated people mover market because of the high adoption of automated people mover systems and increasing air passenger density and expansion of airports in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automated People Mover Market Share Analysis
The automated people mover market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automated people mover market.
The major players covered in the automated people mover market report are MITSUBISHI HEAVY INDUSTRIES, LTD., Bombardier, Verdict Media Limited, TPI Composites, STRUKTON, Doppelmayr Cable Car GmbH, LEITNER AG, Chance Rides, Inc., Parry People Movers, Leitner-Poma of America, Inc., Ma.Tra Company s.r.l, Siemens, Len, WED Transportation Systems, Coester, Niigata Transys Co.,Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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