Automated People Mover(APM) Market Scope
The global Automated People Mover(APM) market witness high demand in the forecasted period due to the ever-increasing urbanization has led to an increase in the demand for public transportation systems. Automated people mover (APM) is a type of small scale automated guideway transit system. Automated People Mover Systems are common at the world’s major airports. The implementation of e-passport as well as the air tourism activities are further expected to grow the demand of Automated People Mover(APM). The volume of air passengers is expanding at a rapid pace and thus, airport planners are continuously investing in enhancing the efficiency of passenger transportation between and within the different airline terminals and airport security.
The market study is being classified by Type (Monorail, Duorail, Automated Guide Way Transit and Others), by Application (Airports, Urban Transit, Amusement Parks, Shopping or Commercial Center and Others) and major geographies with country level break-up.
Key players need to invest heavily in R&D to enhance the ability of monorail systems, further improve its speed, reliability, and efficiency in order to reduce the turnaround time. The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Automated People Mover(APM) market throughout the predicted period.
Bombardier Transportation (Canada), Hitachi, Ltd. (Japan), Scomi Engineering Bhd. (Malaysia), Aerobus International, Inc. (United States), Mitsubishi Heavy Industries, Ltd. (Japan), Intamin Bahntechnik (Switzerland), Urbana Monorail Technology (United States), TPI Composites (United States), Strukton (Netherlands) and Doppelmayr Cable Car (Austria) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Chance Rides, Inc. (United States) and Parry People Movers Ltd. (United Kingdom).
AdvanceMarketAnalytics has segmented the market of Global Automated People Mover(APM) market by Type, Application and Region.
On the basis of geography, the market of Automated People Mover(APM) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 16th April 2020, Global mobility solution provider Bombardier Transportation has signed a ten-year contract with Fraport AG to continue operating and maintaining the BOMBARDIER INNOVIA APM 100 people mover system and to modernize its signaling technology with the BOMBARDIER CITYFLO 650 solution at Frankfurt Airport. The contract is valued at approximately 103 million euros and includes an option for a further five years of operation and maintenance of the system.
On 3rd April 2018, Bombardier’s INNOVIA APM 300 Automated People Mover System Starts Passenger Service in Shanghai. The latest generation of INNOVIA APM 300 system offers high performance, passenger safety, comfort, and convenience.
- High Demand due to Ability to Handle Medium-High Traffic makes Monorail an Attractive Proposition in Tier-2 Cities
- Delivering Seamless Passenger Experience through Enhanced Functionality
- The Rising Requirement for Reliable Transportation
- The Increasing Traffic Congestion and Environmental Sustainability has resulted in a Growing Demand for Voluminous and Clean Transport Systems
- Technological Innovation such as Maglev Monorail Systems
- The Increasing Infrastructure Development as well as Demand for Public Transportation Systems in the Emerging Countries
- Lack of Innovation and R&D in the Automated People Mover Market
- The Growing Concern Related to High Installation Cost of Maglev
Key Target AudienceAutomated People Mover(APM) Manufacturer, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
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