Cable Cars and Ropeways Market is expected to expand at a CAGR of 10.4% by by 2032

Cable Cars and Ropeways Market to 2032

The cable cars and ropeways market is estimated to grow at a rate of 10.4% over the next 10 years, reaching a total value of more than US$ 10.3 billion by 2032. One reason for this growth is the installation of new gondola lifts, which are valued at over 1.6 billion by 2021. This growth is expected to continue as more and more people are looking for efficient and reliable transportation methods.

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The cable car and ropeway market is a growing industry that is becoming increasingly popular as a means of transportation and tourism. Cable cars and ropeways are a type of aerial lift system that uses cables to transport people and goods from one point to another. They are often used in mountainous or rugged terrain, where traditional forms of transportation may be difficult or impractical.

Cable cars and ropeways have been in use for over 150 years, with the first known ropeway being built in the early 1800s in France. Since then, the technology has evolved and improved, making these systems faster, safer, and more efficient. Today, cable cars and ropeways are used in many different industries and for a variety of purposes, including tourism, transportation, mining, and construction.

One of the major drivers of the cable car and ropeway market is the growth of the tourism industry. These systems offer a unique and exciting way for tourists to experience the beauty of mountainous regions, and they are often used to transport visitors to popular destinations such as ski resorts and mountain peaks. In addition, cable cars and ropeways are increasingly being used as a means of urban transportation, providing a fast and efficient way to move people between different parts of a city.

Key Players- 

• Doppelmayr/Garaventa Group
• Leitner Group
• Leitner-Poma of America, Inc.
• MND Group
• Bartholet Maschinenbau AG (BMF)
• Nippon Cable Co., Ltd.
• CONVEYOR & ROPEWAY SERVICES PVT. LTD.
• Damodar Ropeways & Infra Ltd.
• STM TELEFERIK
• CCM FINOTELLO SRL
• Others.

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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 2032
Almost every other cable car and ropeway system sold in the world will be used for tourism
By 2032-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

The market for cable cars and ropeways is expected to continue growing in the coming years, driven by factors such as the increasing demand for sustainable transportation and the growth of the tourism industry. In addition, the development of new technologies and materials, such as lightweight and corrosion-resistant cables, is expected to improve the performance and safety of these systems, further boosting their popularity.

Overall, the cable car and ropeway market is a dynamic and growing industry that offers a wide range of opportunities for companies and investors. As more and more people turn to these systems for transportation and tourism, the demand for high-quality, reliable cable cars and ropeways is expected to continue growing.

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Key Questions Answered in This Report -

What is the Current Valuation of the Cable Cars and Ropeways Market?

What is the CAGR of the Cable Cars and Ropeways Market during the Forecast Period?

What is the Anticipated Size of the Cable Cars and Ropeways Market in 2032?

What Region is Most Lucrative for Cable Cars and Ropeways market?

Which Segment is the Highest Contributor in the Cable Cars and Ropeways market?

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