MonorailMarket by New Market Opportunities, Production Cost Analysis, Market Development and Market Dynamics Forces

Press Release

Global Monorail Industry is valued at approximately USD 4.95 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 2.8% over the forecast period 2019-2026. A monorail is a train in which the track comprisecomprises of a single rail or beam, made up of either concrete or metal. A monorail is supported and guided by wheels mounted underneath the train, that are constantly in contact with the track. Usually, this train isare powered by electricity provided via a third rail mounted along the track. These trains are wider than the track thus, requires minimum space. Also, the trains consist of three or four boggies and can have up to eight boggies, each of them running on two single axle rubber tire boggies. The load bearing tires are acts as the boggie primary suspension. aAnd the secondary boggie suspension is provided by air springs and shock absorbers fitted among the boggie frame and the boggie bolster. Mainly, monorail finds its applications in medium capacity metros and airport transfer. Growing need for environment friendly transportation, increased demand for cost effective & efficient transportation for public services, increasing urbanization and increasing investment on monorail projects worldwide are the few factors responsible for high CAGR of the Industry around the world. For instance, In India, the Mumbai Metropolitan Region Development Authority (MMRDA) and a consortium of Larsen & Toubro and Scomi Engineering (LTSE) both are working together to implement the monorail project on build operate transfer (BOT) basis until 2029 with the estimated investment around Rs 24.6 billion (USD 501.9 million). Moreover, increasing technological developments and innovations led to change in monorail speeds and the distance it covers is one of the major factorfactors likely to create lucrative growth opportunity to the Industry in the upcoming years. However, low passengers carrying capacity and availability of alternate modes are few factorfactors anticipated to restraining the growth of global Monorail Industry during the forecast period.

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Market Segmentation

By Type

  • Straddle Monorail
  • Suspended Monorail

By Propulsion

  • Electric Monorail Systems
  • Maglev Monorail Systems

By Size

  • Large Size
  • Medium Size
  • Compact Size

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Brief introduction about Monorail Market:

Chapter 1. Global Monorail Market Size (Sales) Market Share by Type (Product Category) [1,2,3,] in 2020

Chapter 2. Monorail Market by Application/End Users [1,2,3]

Chapter 3. Global Monorail Sales (Volume) and Market Share Comparison by Applications

Chapter 4. Global Monorail Sales and Growth Rate (2020-2025)

Chapter 5. Monorail Market Competition by Players/Suppliers, Region, Type, and Application

Chapter 6. Monorail (Volume, Value and Sales Price) structure specified for each geographic region included.

Chapter 7. Global Monorail Players/Suppliers Profiles and Sales Data

Chapter 8. Company primary Information and Top Competitors list are being provided for each vendor listed in the report.

Chapter 9. Market  Sales, Revenue, Price and Gross Margin (2020-2025) table for each product type which includes Cost Structure Analysis, Key Raw Materials Analysis & Price Trends

Chapter 10. Supply Chain, Sourcing approach and Downstream Buyers, Industrialized Chain Analysis

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