Press release
Global Cable Cars & Ropeways Market to Reach an Estimated Value of US$ 4.6 Billion by End of 2024
Cable Cars & Ropeways Market, Cable Cars & Ropeways, Cable Cars & Ropeway Market
For more information please visit @ http://www.persistencemarketresearch.com/market-research/cable-cars-and-ropeways-market.asp
According to the report, titled “Cable Cars and Ropeways Market: Global Industry Analysis and Forecast, 2016 - 2024,” the global market for cable cars and ropeways is presently valued at closed to US$ 1.9 Bn. Costly transportation in hilly areas, poor accessibility to high altitude regions, growing awareness for “green transportation” and safety concerns, are some of the macroeconomic factors compiled in the report that are acting as proponents of cable cars and ropeways.
The report reveals that throughout the eight-year forecast period, the demand for cable cars and ropeways will be considerably high in Europe. Higher number of snow tourism locations will continue to attribute to surging growth in Europe’s cable cars and ropeways market, which will account for over 60% of global revenues. Besides, cable cars and ropeways are also gaining popularity in North America, Middle East & Africa, and the Asia-Pacific region. The Asia-Pacific cable cars and ropeways market will register highest revenue growth at 20.2% CAGR, while North America and the Middle East & Africa will exhibit value CAGRs between 12 to 14%.
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Nearly 90% of the entire cable cars and ropeways market in the world is accounted by participation of three major global players – the Doppelmayr or Garaventa Group, Leitner SpA, and POMA Group. Other players partaking in the growth of global cable cars and ropeways market include regional companies such as MND Group, Conveyor & Ropeway Services Pvt. Ltd., Nippon Cable Co., Ltd., Damodar Ropeways & Infra Ltd., and Bartholet Maschinebau AG.
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Global Cable Cars & Ropeways Market: Report Highlights
• In 2016, over 103 chairlifts were sold across the globe, bringing in more than US$ 600 Mn in revenues
• Demand for gondola lifts to gain traction, procuring over 60% of global cable cars and ropeways revenues through 2024
• Almost every other cable car and ropeway system sold in the world will be used for tourism
• By 2024-end, more than one-third of global revenues will be emanating for sales of cable cars and ropeways for public transportation
• The overall cable cars and ropeways market will remain dominated by aftermarket MRO services, while installation services will register an impressive 11.9% CAGR, in terms of revenues
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PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
About Us
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
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