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Global Monorail Market 2019 || Worldwide Industry Size, Share, Trends, Key Players and Forecast by 2026

Monorail report makes available the valuable information about your niche and hence saves a lot of time that you may otherwise put in for decision making. The report provides market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios. The Monorail report also illustrates the CAGR values for the historic years 2018, the base year 2018 and the forecast for the years 2019-2026. The report studies rising opportunities in the Automotive industry and related influencing factors which are valuable for the businesses.

Global Monorail Market is expected to rise to an estimated value of USD 6.38 billion by 2026, registering a steady CAGR of 2.87% in the forecast period of 2019-2026. Rising demand for cost effective public transport system is the major factor for the growth of this market.

Incredible industry insights and knowledge of the greatest market opportunities into the Automotive industry required for successful business growth can be gained with this Monorail Market research report. This market report encompasses the study about the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, possible future trends, and market demand and supply scenarios. To better generate this Monorail report, a nice blend of advanced industry insights, practical solutions, talent solutions and latest technology is used which presents an excellent experience to the readers or end users.

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Leading Top Key Companies Profiled Are:

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

Monorail is railway systems which consist of single rail which are usually made of concrete and metals. These monorails have wheels under the train which were usually in contact with the track. They are used in applications like airport transportation, medium metros etc. They are usually of two types – straddle monorail and suspended monorail. These monorails are usually run on the elevated tracks. These monorails usually have four to eight cars. Increasing urbanization in the developing country is the major factor fuelling the growth of this market.

Market Drivers:

  • Rising urbanization and industrialization is the major factor driving the market growth
  • Technological advancement and development in monorail is driving the growth of this market
  • Increasing prevalence for cost- effective public transport system is driving the market.

Monorail Market on the basis of type, propulsion, size, and region:

Segmentation by Type:

Straddle Monorail
Suspended Monorail
Segmentation by Propulsion:

Electric Monorail Systems
Maglev Monorail Systems
Segmentation by Size:

Large Size Segment
Medium Size Segment
Compact Size Segment

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Key Developments in the Market:

  • In October 2016, BYD announced the launch of their electric monorail system- Skyrail which has rechargeable batteries. The main aim of the launch is to expand public transportation so that it can become the core business sector after IT, automobiles and new energy. This new skyRail has the capacity to carry 10000 to 30000 passengers in an hour.
  • In August 2016, TC/American Crane Company announced that they have acquired TC/American Monorail Systems, Inc. This acquisition will help the company to expand their business and provide better services to the customers.

Competitive Analysis: Global Monorail Market 

Global monorail market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of monorail market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Report Highlights:

• A detailed summary of parent market

• Changing market dynamics within the Monorail market

• In-depth market segmentation

• The historical, current and projected market size in terms of volume and worth

• Recent Monorail market trends and developments

• Competitive landscape.

• Strategies of key players and product offered

• Potential and niche segments, major geographical regions of the world exhibiting promising growth

• A neutral perspective on market performance

About Data Bridge Market Research:

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