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Dublin, Dec. 21, 2016 -- Research and Markets has announced the addition of the "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" report to their offering.
The 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 increased infrastructure development and demand for public transport systems in the emerging economies.
Electrically-operated monorail systems are being increasingly adopted as they are environmentally friendly, reliable, and efficient. Electric monorail systems are economical and adaptable compared to maglev type monorail system. Maglev is a relatively new technology and is expensive than electric type monorail system.
Given these advantages, the electric-operated monorail system market is expected to surpass the markets for maglev type monorail systems.
The Asia-Pacific region is the fastest growing market for monorail systems. Research and development efforts form an integral part of the Asia-Pacific economy. The demand for public transport systems is increasing in developing regions such as Asia-Pacific as a measure for infrastructural development and economic growth.
Monorail system manufacturers are expanding regionally to penetrate in different regions. The increase in demand for alternative transportation will likely drive the monorail systems market in Asia-Pacific.
Major players profiled in the report are:
- Aerobus International, Inc.
- Bombardier Inc.
- CSR Corporation Limited
- Hitachi, Ltd.
- Intamin Bahntechnik
- Mitsubishi Heavy Industries Ltd.
- Scomi Engineering Bhd
- Siemens AG
- Urbanaut Monorail Technology
- Woojin Industrial System
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Monorail Systems Market, by Type
7 Global Monorail Systems Market, by Propulsion
8 Global Monorail Systems Market, by Size
9 Global Monorail Systems Market, by Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/rz2v2m/monorail_systems
CONTACT: Research and Markets
Laura Wood, Senior Manager
[email protected]
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Related Topics: Rail
