Monorail Market 2020 - Rising Demand For Cost Effective Public Transport System Is Impacting the Growth | Global Players- Scomi Group Bhd, Siemens, Bombardier, Hitachi, Ltd

Market Overview
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.
Market Definition: Global Monorail 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.
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.

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The Monorail Market competitive landscape provides details by competitor. Details included are organization overview, company financials, revenue generated, Industry potential, investment in research and development, new Monorail Market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to Monorail Market.

Major Market Manufacturers Covered In The Monorail 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.
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.

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Key Benefits for Monorail Market:
• The report evaluates the key factors of drivers, restraints, and opportunities enabling strategic decision making with perceptive to identify the potential Market.
• The report evaluates the key factors of drivers, restraints, and opportunities enabling strategic decision making with perceptive to identify the potential Market.
• Basic Industry Overview and Global Market Development Policies and Plans
• Key Market players Profiling and the competitive outlook of the industry.
• Detailed Understanding and evaluation of the Present and Future Trends.
• Extensive analysis of the Market is conducted by following key product positioning and monitoring of the top manufacturers within the Market

Global Monorail Market Scope and Market Size
By Type
• Straddle Monorail
• Suspended Monorail
By Propulsion
• Electric Monorail Systems
• Maglev Monorail Systems
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

Based on regions, the Monorail Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

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The report covers major aspects:
• Various economic factors that are significant in determining the Monorail Market trend, buying decisions and Market attractiveness are being analyzed for Market estimation and forecasting.
• The analysis will support stakeholders such as manufacturers and distributors in identifying and capturing Markets with high potential.
• The study also discusses various environmental and regulatory factors critical for the Monorail Market growth.

Strategic Points Covered in Table of Content of Global Monorail Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope Monorail Market
Chapter 2: Exclusive Summary – the basic information of Monorail Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of Analytical Standards
Chapter 4: Presenting Monorail Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of Monorail Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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