The report “Monorail Systems Market by Type (Straddle, and Suspended), Propulsion Type (Electric, and Maglev), Size (Large Monorail, Medium Monorail, and Compact Monorail), and Region – Global Forecast to 2021″, The global monorail systems market is estimated to be USD 4.68 Billion in 2016, and is projected to grow at a CAGR of 2.75% from 2016 to 2021, to reach USD 5.36 billion by 2021. The growth of this market is fueled by urbanization and increased demand for efficient & cost effective public transport systems in the emerging economies.
Browse 62 market data tables and 47 figures spread through 121 pages and in-depth TOC on “Monorail Systems Market – Global Forecast to 2021”
Make an Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=119372773
Early buyers will receive 10% customization on this report.
Straddle type monorail system to hold the largest share in the global monorail systems market, by type
The straddle type monorail system is estimated to account for the largest share in the global monorail systems market. The primary advantage of straddle type monorail system is that they are easy to install even in the compact areas due to which construction of expensive underground lines can be avoided. Straddle type systems offer better safety, reliability, availability and maintainability compared to suspended type monorail systems and is widely used by many countries like China, U.S.A., Japan, India, South Korea, and others.
Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=119372773
Electric Monorail Systems: A promising market due to the increase in global trade
Electric monorail systems are expected to hold the largest share, in term of value, in the global monorail systems market. This can be attributed to the growing need of efficient and effective public transport systems. The demand is expected to increase in emerging economies such as China, India, South Korea, and Brazil, where new infrastructure projects for light rail transit are being launched. The demand for electric monorail systems is high in developed countries such as Japan, Germany, U.S.A, and U.K.
Asia-Pacific: Largest market for monorail systems
Asia-Pacific is estimated to account for the largest share, in terms of value, of the global monorail systems market in 2016. The region comprises some of the fastest developing economies in the world, including China, India, and South Korea. This has led to an increase in monorail systems installation volumes over the years, with OEMs catering not only to the domestic demand but to overseas demand as well.
The report analyzes all major players in the monorail systems market, including Bombardier Transportation (Canada), Hitachi, Ltd. (Japan), Scomi Engineering Bhd. (Malaysia), Aerobus International, Inc. (USA), Mitsubishi Heavy Industries, Ltd. (Japan), Intamin Bahntechnik (Switzerland), Urbanaut Monorail Technology (USA).
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Rohan
Email: news-letter@marketsandmarkets.com
Phone: 1-888-600-6441
Address:701 Pike Street, Suite 2175
City: Seattle
State: WA
Country: United States
Website: http://www.marketsandmarkets.com/