Rise in Demand for Monorail Systems in Emerging Economies Such as Asia-Pacific and RoW

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Monorail 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
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Straddle type monorail system to hold the largest
share in the global Monorail Market, by type The
straddle type monorail system is estimated to
account for the largest share in the global
Monorail 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. Factors such as congestion in the
city, technological advancement, space
optimization, and urbanization are responsible
for the growth of the Monorail Market. The market
for maglev technology is expected to grow at a
higher rate. PDF Brochure
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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
Market. This can be attributed to the growing
need of efficient and effective public transport
systems. Electric operated monorails systems are
eco-friendly and cost effective as they produce
zero emissions and have low installation cost.
Monorail systems are much more energy efficient
and easier to operate. The maglev monorails uses
30 less energy compared to a high-speed train
travelling at same speed and are more efficient
compared to current rail systems. Request
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Continuous technological improvisation led to
change in monorail speeds and the distance it
covers. Countries such as China, Japan, and
Germany have developed monorail systems for
longer distance and with faster speed compared to
other monorail systems. The advantage of a
monorail system is the space optimization for its
installation over metro and other modes of
transportation to commute. Monorails are
considered as rail of the future due to
improvement and development in the technology.
Asian countries such as China, India and others
are installing monorail systems as they are cost
effective. Monorail systems are also being used
for connecting two different lines of metro
rails. For instance Chongqing monorail system
implemented in China and also for connecting
airports shopping centers to the parking
lots. Request Sample _at_ https//www.marketsand
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Asia-Pacific Largest market for monorail
systems The Asia-Pacific is the largest markets
for monorail systems. The Asia-Pacific accounted
for the largest market share of the global
monorail systems in 2016. This is mainly
attributed to the rise in urbanization in
countries and the technological advancements in
monorail systems. There in increase in demand for
urban public transport systems in Asia-Pacific
region in countries such as China, India and
others. These countries have installed monorail
systems which are efficient and cost
effective. The report analyzes all major players
in the Monorail 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). Speak to analyst _at_ https//www.marketsand
markets.com/speaktoanalyst.asp?id119372773
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Market Ecosystem The ecosystem of the monorail
systems industry consists of manufacturers such
as 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) and research institutes such as
the Japan Monorail Association (JMA),
International Monorail Association (IMA), and The
Monorail Society (TMS). Buy Now
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se_report1.asp?id119372773
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Browse gtgt 63 market data
tables 43 figures
116 pages and in-depth TOC Monorail
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 Early buyers will receive 10 customization
on this report. This study answers several
questions for the stakeholders, primarily which
market segments to focus on in the next two to
five years to prioritize efforts and investments.
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