Global Market Study on Cable Cars & Ropeways: Growing Preference for Elevators and Escalators over Inclined Lifts Expected to Limit Market Growth
Political and economic stability will fuel the growth of development activities, which in turn, will lead to high demand for cable cars and ropeways. Relatively mature regions in the global cable cars and ropeways market, such as Europe can be targeted by developing products with advanced technologies.
Albany, NY -- (SBWire) -- 06/12/2017 --With a rise in global GDP, disposable income of people has also increased. People are now capable of spending a significant share of their earnings in amusement and leisure activities. Considering this scenario, Market Research Reports Search Engine (MRRSE) has recently publicized the addition of a new market report to its vast online repository with a title "Cable Cars and Ropeways Market: Global Industry Analysis and Forecast, 2016-2024". This report on global cable cars & ropeways is a professional and in-depth analysis of the present market state as well as its future potential.
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The report predicts that the global cable cars & ropeways market will grow at a CAGR of 11.9% between 2016 and 2024. High demand in urban transportation and the tourism sector is expected to be a major factor driving the growth of the market. However, rising preference for escalators and elevators over inclined lifts is expected to hamper the market's growth. The report begins with a market overview, which includes market definition and synopsis. The section that follows highlights the market dynamics, such as market drivers, restraints, challenges, and opportunities in the global cable cars and ropeways market. The micro- & macro-economic indicators that influence the global market are also discussed in this portion. The study also provides a market outlook for 2016–2024 and makes a forecast for the global cable cars and ropeways market, covering the overall expenditure made on the installations of new systems and expansion/upgrading of existing systems in the market.
The report further provides detailed market share analysis, year-on-year growth and market attractiveness analysis on the basis of key segments like product type, end use and geographical region. Based on product type, the major segments are Gondola Lifts, Aerial Tramways, Surface Lifts, Funicular Ropeways, Chair Lifts, Material Ropeways and Inclined Lifts. Key end-users of the global cable cars & ropeways market are tourism, public transport and material handling.
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In the last section of the report, the competitive scenario has been studied to offer report readers with a precise overview. Detailed profiles of vendors are also included within the scope of the report to assess their major offerings, long and short-term business strategies and recent technological progress in the global market. Some of the major players profiled in the report are Doppelmayr/Garaventa Group, Bartholet Maschinenbau, Leitner S.p.A, POMA Group, MND Group, AG (BMF), CONVEYOR & ROPEWAY SERVICES PVT. LTD., Nippon Cable Co. Ltd., Damodar Ropeways & Infra Ltd. and others.
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