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Platform Screen Door System Market to Grow at CAGR 5.2% and Forecast to 2026 | Faiveley Transport, Fangda Group, Gilgen Door Systems AG.

08-17-2021 08:45 AM CET | Logistics & Transport

Press release from: Allied Market Research

Platform Screen Door System Market

Platform Screen Door System Market

According to the report published by Allied Market Research, the global platform screen door system market generated $630.00 million in 2017, and is estimated to reach $1.01 billion by 2026, registering a CAGR of 5.2% from 2020 to 2026. The report offers an extensive analysis of changing market trends, key winning strategies, business performance, top impacting factors, and competitive scenario.

Increase in focus on public safety and improved transport infrastructure & security system drive the growth of the global platform screen door system market. However, high initial investment and refurbishment of currently deployed safety system hinder the market growth. On the other hand, increase in demand for safe, secure, and efficient systems along with development in transportation infrastructure in developing nation create new opportunities in the coming years.

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Covid-19 Scenario:

• The demand for platform screen door systems will be reduced for few months of coronavirus
pandemic due to the operational halt in the transport sector.

• During the pandemic, the platform screen door system has been proved useful to avoid physical contacts with doors and control the transmission at metro stations, airports, and bus stop.

• However, the manufacturing activities have been halted by manufacturers due to the restrictions by the governments during the global lockdown.

The report offers a detailed segmentation of the global platform screen door system market based on product type, application, and region.

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Based on product type, the full height segment contributed to the largest share in 2017, accounting for more than half of the total share, and is estimated to maintain its dominant position during the forecast period. However, the half height segment is expected to register the highest CAGR of 6.6% from 2020 to 2026.

Based on application, the metro segment accounted for the largest share in 2017, holding more than four-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the airport segment is estimated to portray the highest CAGR of 8.5% during the forecast period.

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Based on region, Asia-Pacific contributed the highest share, accounting for nearly half of the total market share in 2017, and will maintain its dominance throughout the forecast period. However, LAMEA is expected to grow at the highest CAGR of 7.0% from 2020 to 2026.

Leading market players analyzed in the platform screen door system market research include Faiveley Transport, Gilgen Door Systems AG., Fangda Group, Horton Automatics, Panasonic Corporation, Manusa, Shanghai Jiacheng Railway International, Toshi Automatic Systems Pvt. Ltd., Stanley Access Technologies LLC., and Westinghouse Electric Corpora.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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