Press release
Cable Cars And Ropeways Market Poised to Reach US$ 4.6 Bn by End of 2024
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.
Request Sample Report @ https://www.persistencemarketresearch.com/samples/11974
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%.
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.
Request to View TOC @ https://www.persistencemarketresearch.com/methodology/11974
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
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cable Cars And Ropeways Market Poised to Reach US$ 4.6 Bn by End of 2024 here
News-ID: 1135283 • Views: …
More Releases from Persistence Market Research
Computer Numerical Control (CNC) Machines Market Forecast, Technological Advance …
Market Overview
The global Computer Numerical Control (CNC) machines market is witnessing robust growth as industries increasingly adopt advanced manufacturing technologies to boost precision, speed, and productivity. In 2023, the market was valued at US$6.2 billion and is forecast to expand at a CAGR of 9.5%, reaching US$11.7 billion by 2030. CNC machines, which automate control of machining tools through computer programming, have become an indispensable part of sectors such as…
Millimeter Wave Body Scanner Market to Witness Strong Demand Across Airports & P …
Market Overview
The millimeter wave body scanner market has emerged as a critical segment within global security technologies, particularly in high-risk environments such as airports, government buildings, and public event venues. These scanners utilize non-ionizing millimeter wave technology to detect concealed objects on a person's body without physical contact, delivering both enhanced accuracy and safety compared to older technologies like X-ray scanners. The increasing need for advanced threat detection systems, coupled…
Industrial Cooling System Market, Driving Efficiency and Reliability in Next-Gen …
Market Overview
The global industrial cooling system market is witnessing steady growth, driven by rising demand for energy-efficient solutions and expanding applications across industries such as manufacturing, oil & gas, chemicals, power generation, and data centers. Cooling systems are indispensable for maintaining operational efficiency, protecting sensitive machinery, and ensuring workforce safety in environments with extreme heat generation. According to recent projections, the market is expected to expand at a CAGR of…
Industrial Automation and Control System Market Insights, Innovations, Segments, …
Market Overview
The global industrial automation and control system market is experiencing rapid transformation as industries embrace digital technologies to boost productivity, reduce costs, and enhance operational efficiency. Valued at US$165.1 Bn in 2023, the market is projected to reach US$307.7 Bn by 2030, expanding at a strong CAGR of 9.3% during the forecast period. The increasing integration of advanced technologies such as artificial intelligence (AI), Internet of Things (IoT), robotics,…
More Releases for Ropeway
Global Cargo Ropeway Market Size by Application, Type, and Geography: Forecast t …
According to Market Research Intellect, the global Cargo Ropeway market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
As businesses look for effective transportation options in isolated, hilly, or infrastructure-poor areas, the cargo ropeway market is gradually…
Fixed Loop Ropeway Market
The global fixed loop ropeway market databook report is a comprehensive and important source of information that provides critical insights into many aspects of the fixed loop ropeway industry. It examines all key participants, including Leitner Poma , Nippon Cable , Kashiyama Industries , Doppelmayr Seilbahnen GmbH , MND Group , LEITNER Ropeways , Anzen Sakudo , Bartholet Maschinenbau , TATRALIFT , Tokyo Cableway, and places a strong emphasis on…
Passenger Ropeway Market
The global passenger ropeway market databook report is a comprehensive and important source of information that provides critical insights into many aspects of the passenger ropeway industry. It examines all key participants, including Leitner Poma , Nippon Cable , Kashiyama Industries , Doppelmayr Seilbahnen GmbH , MND Group , LEITNER Ropeways , Anzen Sakudo , Bartholet Maschinenbau , TATRALIFT, and places a strong emphasis on competitive analysis and the current…
Fixed Loop Ropeway Market Analysis and Future Prospects for 2030
The fixed loop ropeway market represents a multifaceted and continually evolving realm, influenced by shifting consumer demands and technological advancements. In this comprehensive report, we embark on a thorough exploration of this market landscape, catering to a diverse audience ranging from manufacturers and suppliers to distributors and investors. Our primary objective is to arm industry stakeholders with indispensable insights, enabling them to make well-informed decisions within the swiftly changing market…
Passenger Ropeway Market Analysis and Future Prospects for 2030
The passenger ropeway market represents a multifaceted and continually evolving realm, influenced by shifting consumer demands and technological advancements. In this comprehensive report, we embark on a thorough exploration of this market landscape, catering to a diverse audience ranging from manufacturers and suppliers to distributors and investors. Our primary objective is to arm industry stakeholders with indispensable insights, enabling them to make well-informed decisions within the swiftly changing market milieu.…
Cable Cars and Ropeway Market to Eyewitness Unbelievable Growth (2024-2030)| Con …
The Latest Study Published by HTF MI Research on the "Cable Cars and Ropeway Market'' evaluates market size, trend and forecast to 2029. The Cable Cars and Ropeway market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and…
