Global Monorail System Market Growth (Status and Outlook) 2023-2029

Global Monorail System Market Growth (Status and Outlook) 2023-2029

The monorail system is a transportation system commonly referred as a beam way for an elevated system, supported along a single rail. A monorail is a railway that uses a single elevated rail track and acts as a mode of rapid mass transport (MRT). It uses equipment and infrastructure, which is less massive than heavy rail modes, such as commuter and metro rail systems or subways.

LPI (LP Information)' newest research report, the “Monorail System Industry Forecast” looks at past sales and reviews total world Monorail System sales in 2022, providing a comprehensive analysis by region and market sector of projected Monorail System sales for 2023 through 2029. With Monorail System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Monorail System industry.

This Insight Report provides a comprehensive analysis of the global Monorail System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Monorail System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Monorail System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Monorail System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Monorail System.

The global Monorail System market size is projected to grow from US$ 4873.5 million in 2022 to US$ 5356.5 million in 2029; it is expected to grow at a CAGR of 1.4% from 2023 to 2029.

Monorail systems is a single rail track service for passengers. The main key drivers for the growth of the monorail systems are urbanization and increased demand for cost effective & efficient transportation for public services. Straddle monorail by monorail type is estimated to acquire largest share in the global monorail systems market. As straddle monorail system are easy to install without having spent on expensive track-line construction and also provides safety, reliability, and maintainability compared to suspended monorail systems. Furthermore, electric monorail system by propulsion type is estimated to be fastest growing segment in the market of monorail systems as they are energy efficient, reliable and environment friendly.

This report presents a comprehensive overview, market shares, and growth opportunities of Monorail System market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Straddle Type
Suspended Type

Segmentation by application
Electric
Magnetic Levitation

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hitachi
Ingersoll Rand
Rostek
CRS Crane Systems
Eisenmann SE

Please note: The report will take approximately 2 business days to prepare and deliver.