openPR Logo
Press release

Monorail Market 2020: The Rising Demand for Cost Effective Public Transport System Impacting the Growth By 2.87% CAGR| Global Players- Scomi Group Bhd, Siemens, Bombardier, Hitachi, Ltd.

11-20-2020 09:23 AM CET | Logistics & Transport

Press release from: databridgemarketresearch

Monorail

Monorail

Market Insights
Global monorail market is expected to rise to an estimated value of USD 6.38 billion by 2026, registering a steady CAGR of 2.87% in the forecast period of 2019-2026. Rising demand for cost effective public transport system is the major factor for the growth of this market.
Monorail is railway systems which consist of single rail which are usually made of concrete and metals. These monorails have wheels under the train which were usually in contact with the track. They are used in applications like airport transportation, medium metros etc. They are usually of two types – straddle monorail and suspended monorail. These monorails are usually run on the elevated tracks. These monorails usually have four to eight cars. Increasing urbanization in the developing country is the major factor fuelling the growth of this market.

Download Free Sample Report (including 350 Pages PDF, Charts, Info-graphics and Figures) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-monorail-market

Key Developments in the Market:
• In October 2016, BYD announced the launch of their electric monorail system- Skyrail which has rechargeable batteries. The main aim of the launch is to expand public transportation so that it can become the core business sector after IT, automobiles and new energy. This new skyRail has the capacity to carry 10000 to 30000 passengers in an hour.
• In August 2016, TC/American Crane Company announced that they have acquired TC/American Monorail Systems, Inc. This acquisition will help the company to expand their business and provide better services to the customers.

Major Market Players Covered in The Battery Thermal System Market Are:
Few of the major competitors currently working in the Global monorail market are Scomi Group Bhd, Siemens, Bombardier, Hitachi, Ltd., CSR Corporation Limited, MITSUBISHI HEAVY INDUSTRIES, LTD., Einar Svensson, The Urbanaut Company, Inc., Aerobus International, Inc., Intamin Amusement Rides Int, Thales Group, Alstom, Hitachi Rail STS, Ltd., EC21 Inc.

Market Drivers:
• Rising urbanization and industrialization is the major factor driving the market growth
• Technological advancement and development in monorail is driving the growth of this market
• Increasing prevalence for cost- effective public transport system is driving the market.

To Know More @ https://www.databridgemarketresearch.com/reports/global-monorail-market

Global Battery Thermal System Market Scope and Segments
By Size
• Large Size Segment
• Medium Size Segment
• Compact Size Segment
By Grade of Automation
• GoA0
• GoA1
• GoA2
• GoA3
• GoA4
By Autonomy
• Manual
• Semi- autonomous
• Completely- autonomous

Regional Analysis
• Middle East and Africa
• North America
• South America
• Europe
• Asia-Pacific

Get Table of Contents with Charts, Figures & Tables @
https://www.databridgemarketresearch.com/toc/?dbmr=global-monorail-market

Strategic Points Covered in Table of Content of Global Battery Thermal System Market:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
11. Company Landscape
12. Company Profiles
13. Related Reports

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

Contact Us:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Mail: Corporatesales@databridgemarketresearch.com

About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

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 Monorail Market 2020: The Rising Demand for Cost Effective Public Transport System Impacting the Growth By 2.87% CAGR| Global Players- Scomi Group Bhd, Siemens, Bombardier, Hitachi, Ltd. here

News-ID: 2191488 • Views: 286

More Releases from databridgemarketresearch

Rolling Stock Management Market 2020 Is Estimated to Reach USD 65.63 billion By …
Market Insights Rolling stock management market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 65.63 billion by 2027 growing at a CAGR of 5.49% in the above-mentioned forecast period. The rail asset management system is a reliable, substantial, safe and efficient approach to managing the whole rail infrastructure. This involves path projects that include tasks,
Dump Trucks Market 2020 Will Grow at Healthy CAGR of 8.95% by 2027 With Global P …
Market Insights Global dump trucks market is set to witness a substantial CAGR of 8.95% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Rising mining activities and increasing investment in transportation are the factor for the growth of this market. Dump trucks are those trucks which are usually used in the construction sites so that they can carry sand, demolition waste
Catalytic Converter Market 2020 is Expected to Reach at USD 85.45 billion by 202 …
Market Insights Catalytic converter market will reach an estimated valuation of USD 85.45 billion by 2027, while registering this growth at a rate of 8.12% for the forecast period of 2020 to 2027. Catalytic converter market report analyses the growth, which is currently being owed to the focus of control of emission form environmental check points. The strong withstand on the emission evacuation and its advancement for creating extra efficient fuel
Fluid Transfer System Market 2020 Will Grow at Healthy CAGR of 6.65% by 2027 Wit …
Market Insights Global fluid transfer system market is set to witness a substantial CAGR of 6.65% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for lightweight vehicles parts and growing demand for rear air conditioning are the factor for the market growth. Fluid transfer systems have the ability to offer efficient and safe loading and offloading in different

All 5 Releases


More Releases for Monorail

Global Monorail System Market - By Type (Straddle Monorail, Suspended Monorail) …
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Global Monorail System Market - key Insights Based on Product Type, End-use and Regional Demand Till 2026” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The study provides a decisive view of the global
Autonomous Monorail Market Specifications, Analysis Forecast Upto 2026
Autonomous monorail is a modern railway technology that runs on a single railway track. Several autonomous monorail run on elevated tracks and are completely automatic. In 1897, the term monorail originated from conjunction of "mono", which means one and "rail", by a German engineer Eugen Langen, who titled wagons suspended with elevated railway system the Einschieniges Hängebahnsystem Eugen Langen (Eugen Langen One-railed Suspension Tramway). Advancements in technology have led to
Monorail System Market Research on Technology Advancements 2018
Marketinsightsreports adds “Global Monorail System Market Size, Status and Forecast 2025” new report to its research database that gives a top to bottom investigation of the market as far as income and developing business sector patterns. The abstract includes business overview, product offering, revenue share, strategies, and service offering of the dominant players. This report covers several key areas in the Monorail System market. Global market trends are analyzed with currently
Monorail Systems Market Investment Research Report 2025
A monorail is a railway which makes use of an elevated track with only one rail, instead of a pair of rails. The term monorail is colloquially used to describe any form of people mover or elevated rail. One of the major drawbacks of monorail systems in their early days was their inability to switch rails. However, many monorail systems tried overcoming this problem by using circular tracks which form a
Monorail Systems Market Research 2017: Functionality, Industry Opportunities & S …
According to the report added by Progressive Markets, the Global Monorail Systems Market is expected to grow at a significant CAGR during the forecast period. The report, titled "Global Monorail Systems Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025", presents a comprehensive analysis of the key market factors responsible for the growth or failure of the market and outlines the monorail systems market trends to assist the organizations in
Global Monorail Systems Market 2017 - Top Players Saertex, Johnson Controls, Dow …
Researchmoz added Most up-to-date research on "Global Monorail Systems Market Research Report 2017" to its huge collection of research reports. In this report, the global Monorail Systems market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue