The global monorail systems market is driven by factors such as low cost of implementation as compared to conventional railway systems, space optimization, and ease in operation.
Portland, OR -- (SBWIRE) -- 06/13/2018 -- Monorail systems are mostly elevated, occupy less space, and available at low costs as compared to the light rail systems. These systems can be manned and unmanned. As compared the conventional railway systems, a monorail system's track is made up of a single rail. It is quieter as compared to trains and diesel buses. Moreover, they gain electricity from structure of a track and eliminates overhead cables and power lines. In addition to providing optimal solution for transportation in urban areas, these systems have gained wide prominence and acceptance in amusement parks, agricultural, and sightseeing purposes.
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Market Drivers and Restraints:
Rapid urbanization in developed and developing countries offer opportunities for growth in the global market. On the other hand, high initial cost and lack of market penetration hinders growth in the industry.
Electric monorail system
Maglev monorail system
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
Key Market Players:
Key players operating in the global monorail systems market are analyzed in the research to assist leading industry players and startups determine competition in the market along with strategies to be adopted to gain leadership status. Industry players analyzed in the research include Aerobus International, Inc., Scomi Engineering Bhd., Bombardier Transportation, Mitsubishi Heavy Industries, Ltd., Hitachi, Ltd., Intamin Bahntechnik, Urbanaut Monorail Technology, and others. Research institutes such as Japan Monorail Association (JMA), International Monorail Association (IMA), The Monorail Society (TMS) have also participated in the industry competition. They have adopted various strategies such as collaborations, partnerships, mergers & acquisitions, joint ventures, expansions, and others to gain strong position in the global industry.
Key Takeaways from the Report:
The study provides a detailed analysis of the global monorail systems market based on current market scenario and estimations for the future.
The research offers comprehensive information on changing market dynamics to assist players determine current conditions and feasibility for investment.
The report offers extensive analysis of drivers, restraints, and opportunities along with highlighting their impact on the industry.
The research on the global monorail systems market provides detailed analysis and statistics for the historic period and the forecast period along with strategies to be adopted to gain stronghold of the industry.
Trends in the global market are analyzed for the period, 2014–2025, along with changing financial conditions.
Porter's Five Forces analysis offers extensive analysis of competitive intensity of the industry and highlights potency of suppliers and buyers.