Press release
Monorail Systems Market to Perceive Substantial Growth During 2017 - 2025
To view complete report @ http://www.persistencemarketresearch.com/market-research/monorail-system-market.asp
Increasingly, the monorail system is not only limited to urban transportation, but also introduced in amusements, agricultural purpose, and sightseeing. Technology leaders are introducing technical advancements in monorail systems to the market. Although bullet trains and other transportation modes are expanding, the monorail system market continues to evolve and grow. There is rapid growth in the monorail system with changing technology and innovations. Monorail systems come three sizes: small (cross-sectional view 700W X 1,500H), medium (cross-sectional view 800W X 1,400H) and large (cross-sectional view 850W X 1,500H). The medium and large monorail systems have high ridership demand in large metropolitan cities, especially during peak hours. Monorail systems can supply up to 20,000 pphpd (passengers per hour per direction) and can carry up to 125,000 passengers daily. Monorail systems can boast of some key advantages over other transportation methods. It’s simple and environment-friendly, narrowly guided as compared to the width-wide bridge structure required by other transit rail systems. The narrow guideway allows sunlight to the surface street and surrounding residential /commercial area. Air flow is not blocked to/ from and it’s pollution free – no exhaust gasses are released from cars.
A sample of this report is available upon request @ www.persistencemarketresearch.com/samples/13759
Global Monorail System Market: Key Trends and Drivers
The electric type monorail system comes at a low installation cost and is easy to operate; these two factors are expected to drive the monorail system market. Monorails are easily adopted and are economical – which will ensure that this market continues its upward trend. Maglev monorail system is relatively new technology and is more cost intensive than the electric type monorail system. Monorail manufacturers are expanding regionally to push through in different regions. Monorail systems are used primarily in developing countries for transportation, many of them running through crowded areas with elevated tracks to ease traffic woes which drives the monorail system market. A major restraint is the maglev monorail installation cost is high; further advancements in the monorail system are needed to overcome this. More research and development is needed on maglev propulsion; while reducing the installation cost – which is another major restraint.
Global Monorail System Market: Regional Outlook
The Asia-pacific region is expected to have the predominant market share in the coming years. The increasing demand for public transport in Asia-pacific regions is going to increase the monorail system market. The monorail system market growth rate is estimated to increase in fast-developing countries like China, India, and South Korea. Rising urban development and growing necessity of urban transport is to drive the growth of the monorail system market.
To view TOC of this report is available upon request @ www.persistencemarketresearch.com/toc/13759
Global Industrial Vehicle Market: Key Players
Examples of some of the market participants in the global monorail system market:
Aerobus International, Inc., Mitsubishi Heavy Industries, Ltd., Bombardier Transportation, Scomi Engineering Bhd., Hitachi, Ltd., and Intamin Bahntechnik & Betriebsgesellschaft mbH & Co. KG.
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