This report analyzes and forecasts the market for monorail system at the global and regional level. The market has been forecasted based on volume (Units) and value (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global monorail system market. It also covers the impact of these drivers and restraints on the demand for monorail system services during the forecast period. The report also highlights opportunities and future scope in the market at the global and regional level.
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Key driver of the global mono rail system market is the lower cost of construction and ease of constructing the monorail system. Monorail system requires significantly lower space, which makes it system suitable for congested urban areas. Monorails are preferred for mass rapid transportation services, as they are capable of carrying considerable number of passengers at a significant pace at high frequency. Rapid urbanization is fueling the demand for faster and safer modes of public transportation, which in turn is fueling the demand for monorail systems across the globe.
The report provides the estimated cumulative market size of monorail system for 2017 and forecast for the next nine years. The global market size has been provided in terms of volume and revenue. Market numbers have been estimated based on type, propulsion type, autonomy, grade of automation, and geography segments. Market size and forecast for each type, propulsion type, autonomy, and grade of automation have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key player’s product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, statistics data from government websites, trade associations, UITP data, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
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The global monorail system market has been segmented as follows:
Global Monorail System Market, by Type
Global Monorail System Market, by Propulsion Type
Global Monorail System Market, by Autonomy
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