Monorail Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Monorail is an advanced rail which run in an elevated track supported with a single rail. As compared to other rail transport such as light rail systems and trams, monorails are separated via pedestrians and other traffic systems. These are supported with the interaction through a single beam which is dissimilar to various other guided systems namely: Rubber tired metros. The growing urbanizations, cost efficiency, and traffic congestions are the major drivers which fuels the monorail market in the forecast period.

MARKET SCOPE

The "Global Monorail Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the monorail market with detailed market segmentation by propulsion, type, size, and geography. The report provides key statistics on the market status of the leading monorail market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on propulsion, the global monorail market is segmented into maglev monorail systems and electric monorail systems.
  
•   On the basis of type, the market is segmented into suspended monorail and straddle monorail.
  
•   Based on size, the global monorail market is segmented into compact size, large size and medium size.
  

MARKET DYNAMICS
Drivers

•   The growing urbanizations, cost efficiency, and traffic congestions are the major drivers which fuels the monorail market in the forecast period.
  
•   Mounting technological advancement, and environmentally compatibility across various region.
  

Restraints

•   The presence of less number of monorail manufacturers, less adaptability among the people, as well as the availability of other transportation modes.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The monorail market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the monorail market in these regions.

IMPACT OF COVID-19 ON MONORAIL MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Monorail Market Report Analysis

Monorail Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• ABB Ltd.
• Bombardier Inc.
• Hitachi, Ltd.
• Intamin Transportation Ltd.
• Kawasaki Heavy Industries, Ltd
• L T Construction
• Mitsubishi Heavy Industries Ltd.
• Siemens AG
• Thales Group

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Propulsion

• Maglev Monorail Systems
• Electric Monorail Systems

By Type

• Suspended Monorail
• Straddle Monorail

By Size

• Compact Size
• Large Size
• Medium Size

MARKET PLAYERS

The report covers key developments in the monorail market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from monorail market are anticipated to lucrative growth opportunities in the future with the rising demand for monorail in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the monorail market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ABB Ltd.
  
•   Bombardier Inc.
  
•   Hitachi, Ltd.
  
•   Intamin Transportation Ltd.
  
•   Kawasaki Heavy Industries, Ltd
  
•   L T Construction
  
•   Mitsubishi Heavy Industries Ltd.
  
•   Siemens AG
  
•   Thales Group
  
•   Urbanaut Monorail Technology
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Monorail Market Report Scope