Industry Background:
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.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
This growth is primarily driven by The Rising Requirement for Reliable Transportation and The Increasing Traffic Congestion and Environmental Sustainability has resulted in a Growing Demand for Voluminous and Clean Transport Systems.
Globally, a noticeable market trend is evident High Demand due to Ability to Handle Medium-High Traffic makes Monorail an Attractive Proposition in Tier-2 Cities
The Transportation Infrastructure sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. 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.
Key Developments in the Market:
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.
Influencing Trend:
High Demand due to Ability to Handle Medium-High Traffic makes Monorail an Attractive Proposition in Tier-2 Cities and Delivering Seamless Passenger Experience through Enhanced Functionality
Market Growth Drivers:
The Rising Requirement for Reliable Transportation and The Increasing Traffic Congestion and Environmental Sustainability has resulted in a Growing Demand for Voluminous and Clean Transport Systems
Challenges:
The Growing Concern Related to High Installation Cost of Maglev
Restraints:
Lack of Innovation and R&D in the Automated People Mover Market
Opportunities:
Technological Innovation such as Maglev Monorail Systems and The Increasing Infrastructure Development as well as Demand for Public Transportation Systems in the Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automated People Mover(APM) Market
- Analysis about New Entrants in Automated People Mover(APM) Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automated People Mover(APM) Study Sheds Light on
The Automated People Mover(APM) Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automated People Mover(APM) industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automated People Mover(APM) industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.