Automated People Mover Market Poised for 6.7 % Growth, Set to Hit $17.82 Billion by 2029

What industry-specific factors are fueling the growth of the automated people mover market?
The growth of the automated people mover market is expected to be driven by the rising demand for public transportation. Public transit systems, which are typically government or privately operated services of shared transportation for the general public, are seeing increased demand due to elements like infrastructure investment, population growth, urbanization, and environmental consciousness. Automated People Movers (APMs) enhance public transportation by integrating effortlessly with other modes of travel such as subways, buses, and trains, offering automatic transit alternatives. This amalgamation forms an integrated system, making urban commuting simpler for passengers. For example, the American Public Transportation Association, a US-based not-for-profit organization, reported in April 2024 that commuters took 7.1 billion journeys on public transit in 2023, a 16% increase from 2022. Consequently, the booming demand for public transit is facilitating growth in the automated people-mover market.

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What Is the projected market size and growth rate for the automated people mover market?
The market size for automated people movers has witnessed significant growth recently. From $2.76 billion in 2024, it is projected to increase to $2.95 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. The historical growth can be linked to factors such as the surge in the need for airport transport solutions, rising urbanization, the global increase in the number of airports, enhanced infrastructure spending, reduction in travel time and enhanced comfort, and the escalating demand for intelligent mobility solutions.

Expectations are high for the automated people mover market to experience robust growth in the coming years, with projections suggesting a rise to $3.82 billion by 2029. This growth, representing a compound annual growth rate (CAGR) of 6.7%, is largely due to factors such as rising demand for public transport, an escalating need for enhanced safety and security, a surge in the demand for energy-saving transport solutions, an increased emphasis on sustainability, and the growing necessity for space efficiency. Key trends anticipated throughout this forecast period encompass the integration of automated people movers technology, advancements in APM systems, superior automation features, and safety measures, energy-conscious technologies, along with the unveiling of pioneering transportation technologies.

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What new trends are reshaping the automated people mover market and its opportunities?
Leading organizations in the automated people mover market are innovating and creating cutting-edge driverless train systems to alleviate car congestion and traffic, offering a fast and efficient transportation solution. A driverless train system is a type of express transit system that operates without the need of an on-the-ground driver or conductor. This setup enables precise train location and wireless communication between trains and peripheral track equipment to ensure secure, smooth operations. As an example, in August 2022, Los Angeles International Airport (LAX), a US-based global airport company, introduced their first automated people mover (APM) train car. These trains are designed to cater up to 200 passengers and can travel at speeds of up to 47 mph. The train cars, being 98% recyclable, contribute to reducing pollution by minimizing the volume of cars entering the central airport terminal area. The associated maintenance and storage buildings are equipped with solar panels and highly efficient mechanical and electrical systems. Each train car is designed with four sections and broad doors to facilitate passengers and their luggage comfortably.

What major market segments define the scope and growth of the automated people mover market?
The automated people mover market covered in this report is segmented -

1) By System Type: Monorail, Duo Rail, Automated Guide Way Transit Or Maglev
2) By Technology: Conventional, Driverless, Hybrid
3) By Capacity: Low, Medium, High
4) By Application: Airport, Urban Transit, Amusements Parks, Shopping Or Commercial Centers, Other Applications

Subsegments:
1) By Monorail: Straddle-Type Monorail Systems, Suspended Monorail Systems, Urban And Airport Monorail Systems, Light-Duty Monorail Systems
2) By Duo Rail: Dual-Mode Transport Systems, Elevated Duo Rail Systems, Ground-Based Duo Rail Systems, Hybrid Transportation Systems
3) By Automated Guideway Transit (AGT) Or Maglev: Agt Systems For Urban Transit, Maglev Systems For High-Speed Travel, Low-Speed Agt For Airports Or Theme Parks, High-Capacity Agt Systems, Linear Induction Motor (LIM) Maglev Systems

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Which region dominates the automated people mover market?
North America was the largest region in the automated people mover market in 2024. The regions covered in the automated people mover market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the automated people mover industry growth?
Major companies operating in the automated people mover market are BYD Company Ltd., Mitsubishi Heavy Industries Ltd., Thales, Alstom SA, Kawasaki Heavy Industries Ltd., Siemens Mobility, IHI Corporation, Westinghouse Electric Company, Stadler Rail AG, Hyundai Rotem Company Ltd., TPI Composites Inc., Vossloh, Von Roll, Doppelmayr Seilbahnen GmbH, Hitachi Rail Ltd., CAF Power & Automation, LEITNER, Intamin Transportation Ltd., POMA, PT Len Industri

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What Is Covered In The Automated People Mover Global Market Report?

•Market Size Forecast: Examine the automated people mover market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automated people mover market for a structured understanding.
•Key Players Overview: Analyze major players in the automated people mover market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automated people mover market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automated people mover market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automated people mover market.
•Industry Challenges: Identify potential risks and obstacles affecting the automated people mover market.
•Competitive Landscape: Review strategic developments in the automated people mover market, including expansions, agreements, and new product launches.

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