HOME Top Market Reports Monorail Systems Market by Type (Straddle, and Suspended), Propulsion Type (Electric, and Maglev), Size (Large Monorail, Medium Monorail, and Compact Monorail), and Region - Global Forecast to 2021

Monorail Systems Market by Type (Straddle, and Suspended), Propulsion Type (Electric, and Maglev), Size (Large Monorail, Medium Monorail, and Compact Monorail), and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: December 2016
Report Code: AT 4804

 

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The global monorail systems market, in terms of value, is projected to grow at a CAGR of 2.75% from 2016 to 2021. The market is estimated to be USD 4.68 Billion in 2016. In this study, 2015 has been considered the base year and 2016 to 2021 the forecast period for estimating the market size of global monorail systems market. The report analyzes and forecasts the market size, in terms of volume (units) and value (USD million), of the global monorail systems market. The report segments the market and forecasts its size, by volume and value, on the basis of region, type, propulsion, and size. It provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). It strategically profiles key players and comprehensively analyzes their market shares and core competencies. The report also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

The research methodology used in the report involves various secondary sources such as Japan Monorail Association (JMA), International Monorail Association (IMA), and The Monorail Society (TMS). Experts from related industries and suppliers have been interviewed to understand the future trends of the global monorail systems market. The bottom-up approach has been used to estimate and validate the size of the global market. The market size, by volume, is derived by identifying the region-wise installation volumes and analyzing the demand trends. The market size, by value, is derived by multiplying the average selling price of monorail systems by the number of units.

The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Monorail Systems Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the monorail systems industry consists of manufacturers such as Bombardier Transportation (Canada), Hitachi, Ltd. (Japan), Scomi Engineering Bhd. (Malaysia), Aerobus International, Inc. (USA), Mitsubishi Heavy Industries, Ltd. (Japan), Intamin Bahntechnik (Switzerland), Urbanaut Monorail Technology (USA) and research institutes such as the Japan Monorail Association (JMA), International Monorail Association (IMA), and The Monorail Society (TMS).

Target Audience

  • Monorail Manufacturers
  • Monorails material suppliers
  • Industry associations and experts
  • The Monorail Society
  • Railroad Authorities/Organizations
  • Industry Experts
  • OEMs

Scope of the Report

  • By Type
    • Straddle
    • Suspended
  • By Propulsion  
    • Electric
    • Maglev
  • By Size
    • Large
    • Medium
    • Compact
  • By Region
    • North America
    • Asia-Pacific
    • Europe
    • RoW

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  1. Detailed analysis and profiling of additional regions(up to 3)
  2. Detailed analysis and profiling of additional market players (up to 3)
  3. Detailed analysis of the monorail system market, by technology

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
    2.3 Data From Secondary Sources
    2.4 Primary Data
           2.4.1 Sampling Techniques & Data Collection Methods
           2.4.2 Primary Participants
    2.5 Factor Analysis
           2.5.1 Introduction
           2.5.2 Demand Side Analysis
                    2.5.2.1 Urbanization
                    2.5.2.2 Infrastructure: Rail Network
                    2.5.2.3 Space Optimization
           2.5.3 Supply-Side Analysis
                    2.5.3.1 Technological Advancements
    2.6 Market Size Estimation
    2.7 Data Triangulation
    2.8 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Opportunities in the Global Monorail Systems Market
    4.2 Global Monorail Systems Market, By Region, 2016 & 2021
    4.3 Global Monorail Systems Market, By Type, 2016 & 2021
    4.4 Global Monorail Systems Market, By Propulsion, 2016 & 2021
    4.5 Global Monorail Systems Market, By Size, 2016 & 2021
    4.6 Monorail Systems Lifecycle Analysis: Rise in Demand for Monorail Systems in Emerging Economies Such as Asia-Pacific and RoW

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Global Monorail Systems Market Segmentation: By Size
           5.2.2 Global Monorail Systems Market Segmentation: By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growth of Urbanization
                    5.3.1.2 Space Optimization
                    5.3.1.3 Cost Efficiency
                    5.3.1.4 Aesthetics
           5.3.2 Restraints
                    5.3.2.1 Low Market Penetration
                    5.3.2.2 Speed
                    5.3.2.3 Availability of Alternate Modes
           5.3.3 Opportunities
                    5.3.3.1 Traffic Congestion
                    5.3.3.2 Technological Developments
                    5.3.3.3 Environmentally Compatible
                    5.3.3.4 Clichιs
           5.3.4 Challenges
                    5.3.4.1 Unreliable and Unsafe
                    5.3.4.2 Seating Capacity
                    5.3.4.3 Adaptability
                    5.3.4.4 Limited Manufacturers
    5.4 Porter’s Five Forces Analysis
           5.4.1 Threat of New Entrants
                    5.4.1.1 High Capital Required
                    5.4.1.2 Technological Prevalence of Existing Players
           5.4.2 Threat of Substitutes
                    5.4.2.1 Demand for Alternates
           5.4.3 Bargaining Power of Buyers
                    5.4.3.1 Selective Feasibility
                    5.4.3.2 Benefit to the Society
           5.4.4 Bargaining Power of Suppliers
                    5.4.4.1 Long Term Service Contracts
                    5.4.4.2 Upgraded Technology Infrastructure
           5.4.5 Intensity of Competitive Rivalry
                    5.4.5.1 Highly Competitive
                    5.4.5.2 Opportunistic

6 Monorail Systems Market, By Type (Page No. - 43)
    6.1 Introduction
    6.2 Straddle Monorail
    6.3 Suspended Monorail

7 Global Monorail Systems Market, By Propulsion (Page No. - 50)
    7.1 Introduction
    7.2 Electric Monorail Systems
    7.3 Maglev Monorail Systems

8 Global Monorail Systems Market, By Size (Page No. - 54)
    8.1 Introduction
    8.2 Large Size Segment
    8.3 Medium Size Segment
    8.4 Compact Size Segment

9 Global Monorail Systems Market, By Region (Page No. - 59)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 South Korea
           9.2.4 India
           9.2.5 Rest of Asia-Pacific
    9.3 North America
           9.3.1 U.S.
           9.3.2 Canada
           9.3.3 Mexico
    9.4 Europe
           9.4.1 Germany
           9.4.2 U.K.
           9.4.3 Italy
           9.4.4 Spain
    9.5 RoW
           9.5.1 Brazil
           9.5.2 Russia

10 Competitive Landscape (Page No. - 81)
     10.1 Market Ranking Analysis: Global Monorail System Market
     10.2 Competitive Situation & Trends
     10.3 New Product Launches
     10.4 Mergers & Acquisitions
     10.5 Supply Contracts/Joint Ventures/ Collaborations/ Partnerships/Agreements
     10.6 Expansions

11 Company Profiles (Page No. - 86)
(Overview, Products and Services, Financials, Strategy & Development)*
     11.1 Scomi Engineering BHD
     11.2 Siemens AG
     11.3 Bombardier Inc.
     11.4 Hitachi, Ltd.
     11.5 CSR Corporation Limited
     11.6 Mitsubishi Heavy Industries Ltd.
     11.7 Urbanaut Monorail Technology
     11.8 Aerobus International, Inc.
     11.9 Intamin Bahntechnik
     11.10 Woojin Industrial System

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 108)
     12.1 Key Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (63 Tables)

Table 1 Global Monorail Systems Market Size, By Type, 2014–2021 (Units)
Table 2 Global Monorail Systems Market Size, By Type, 2014–2021 (USD Million)
Table 3 Straddle Type: Monorail Systems Market Size, By Region, 2014–2021 (Units)
Table 4 Straddle Type: Monorail Systems Market Size, By Region, 2014–2021 (USD Million)
Table 5 Suspended Type: Monorail Systems Market Size, By Region, 2014–2021 (Units)
Table 6 Suspended Type: Monorail Systems Market Size, By Region, 2014–2021 (USD Million)
Table 7 Global Monorail Systems Market, By Propulsion, 2014—2021, (Units)
Table 8 Global Monorail Systems Market, By Propulsion, 2014—2021 (USD Million)
Table 9 Global Monorail Systems Market , By Type, 2014—2021 (Units)
Table 10 Global Monorail Systems Market, By Type, 2014—2021 (USD Million)
Table 11 Global Monorail Systems Market, By Type, 2014—2021 (Units)
Table 12 Global Monorail Systems Market, By Type, 2014—2021 (USD Million)
Table 13 Global Monorail Systems Market, By Size, 2014–2021 (Units)
Table 14 Global Monorail Systems Market, By Size, 2014–2021 (USD Million)
Table 15 Large Size Segment: Monorail Systems Market Size, By Type, 2014–2021 (Units)
Table 16 Large Size Segment: Monorail Systems Market Size, 2014–2021 (USD Million)
Table 17 Medium Size Segment: Monorail Systems Market Size, 2014–2021 (Units)
Table 18 Medium Size Segment: Monorail Systems Market Size, 2014–2021 (USD Million)
Table 19 Compact Size Segment: Monorail Systems Market Size, 2014–2021 (Units)
Table 20 Compact Size Segment: Monorail Systems Market Size, 2014–2021 (USD Million)
Table 21 Global Monorail Systems Market Size, By Region, 2014—2021, (Units)
Table 22 Global Monorail Systems Market Size, By Region, 2014—2021, (USD Million)
Table 23 Asia-Pacific: Monorail Systems Market Size, By Country, 2014–2021, (Units)
Table 24 Asia-Pacific: Monorail Systems Market Size, By Country, 2014–2021 (USD Million)
Table 25 China: Monorail Systems Market Size, By Type, 2014–2021 (Units)
Table 26 China: Monorail Systems Market Size, By Type, 2014–2021 (USD Million)
Table 27 Japan: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 28 Japan: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 29 South Korea: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 30 South Korea: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 31 India: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 32 India: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 33 Rest of Asia-Pacific: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 34 Rest of Asia-Pacific: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 35 North America: Monorail Systems Market Size, By Country, 2014—2021 (Units)
Table 36 North America: Monorail Systems Market Size, By Country, 2014—2021 (USD Million)
Table 37 U.S.: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 38 U.S.: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 39 Canada: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 40 Canada.: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 41 Mexico: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 42 Mexico: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 43 Europe: Monorail Systems Market Size, By Country, 2014—2021 (Units)
Table 44 Europe: Monorail Systems Market Size, By Country, 2014—2021 (USD Million)
Table 45 Germany: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 46 Germany: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 47 U.K.: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 48 U.K.: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 49 Italy: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 50 Italy: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 51 Spain: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 52 Spain: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 53 RoW: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 54 RoW: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 55 Brazil: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 56 Brazil: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 57 Russia: Monorail Systems Market Size, By Type, 2014—2021 (Units)
Table 58 Russia: Monorail Systems Market Size, By Type, 2014—2021 (USD Million)
Table 59 Global Monorail System Market Ranking: 2015
Table 60 New Product Launches, 2014–2015
Table 61 Mergers & Acquisitions, 2015–2016
Table 62 Supply Contracts/Joint Ventures/Collaborations/Partnerships, 2013-2016
Table 63 Expansions, 2013-2016


List of Figures (43 Figures)

Figure 1 Research Design
Figure 2 Research Methodology Model
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Urbanization Percentage
Figure 5 Average Congestion Levels By Country, 2016
Figure 6 Market Size Estimation Methodology: Bottom–Up Approach
Figure 7 Straddle Monorail Systems to Be the Largest Contributor to the Global Monorail Systems Market, (2016 & 2021)
Figure 8 Electric Monorail Systems to Be the Largest Contributor to the Global Monorail Systems Market, By Propulsion (2016 & 2021)
Figure 9 Global Monorail Systems Market, By Size, 2016 & 2021
Figure 10 Asia-Pacific to Hold the Largest Share in the Global Monorail Systems Market, By Region, in 2016
Figure 11 Traffic Congestion is Expected to Drive the Global Monorail Systems Market
Figure 12 Asia-Pacific to Hold the Largest Market for Monorail Systems
Figure 13 Straddle Type to Hold the Largest Share, in the Global Monorail Systems Market, By Value
Figure 14 Electric Segment is Estimated to Dominate the Market Throughout the Forecast Period, By Value, in the Global Monorail Systems Market, By Propulsion
Figure 15 Large Monorail to Hold the Largest Share, in the Global Monorail Systems Market, By Value
Figure 16 Rise in Demand for Monorail Systems in Emerging Regions, 2016
Figure 17 Global Monorail Systems Market Segmentation
Figure 18 Growing Rate of Urbanization Expected to Drive the Monorail Systems Market
Figure 19 Porter’s Five Forces Analysis
Figure 20 Straddle Type Monorail Systems to Hold the Largest Market Share, in Terms of Value, 2016 & 2021
Figure 21 Asia-Pacific to Hold the Largest Share (Value) in the Straddle Monorail Systems Market From 2016 to 2021
Figure 22 Urbanization is Driving the Growth of the Suspended Monorail Systems Market, 2016 & 2021
Figure 23 Maglev Monorail Systems: Estimated to Be the Fastest Growing Segment in Monorail Systems Market
Figure 24 Large Size Segment is the Largest Segment of the Monorail Systems Market
Figure 25 Asia-Pacific is Expected to Hold the Largest Market Share in the Global Monorail Systems Market in 2016
Figure 26 Asia-Pacific Monorail Systems Market Snapshot: China Accounts for the Largest Share of the Global Monorail Systems Market (Value) in 2016
Figure 27 North American Monorail Systems Market: U.S. Estimated to Capture the Largest Share of the Global Monorail Systems Market (Value) in 2016
Figure 28 Europe: Germany is the Largest Market in the Monorail Systems Market (Value), 2016—2021
Figure 29 RoW: Brazil is the Largest Market Size in the Monorail Systems Market (Value), 2016–2021
Figure 30 Companies Adopted Supply Contract/Partnership/Joint Venture/Agreement as the Key Growth Strategy From 2013 to 2016
Figure 31 Market Evaluation Framework: Supply Contracts/Partnerships/Joint Ventures/Collaborations Fuelled Market Growth From 2013–2016
Figure 32 Battle for Market Share: Supply Contracts /Partnerships/Joint Ventures/Collaborations Was the Key Strategy
Figure 33 Scomi Engineering BHD: Company Snapshot
Figure 34 Scomi Engineering BHD: SWOT Analysis
Figure 35 Siemens AG: Company Snapshot
Figure 36 Bombardier Inc: Company Snapshot
Figure 37 Bombardier Inc.: SWOT Analysis
Figure 38 Hitachi,Ltd.: Business Overview
Figure 39 Hitachi Ltd.: SWOT Analysis
Figure 40 CSR Corporation Limited: Company Snapshot
Figure 41 CSR Corporation Limited: SWOT Analysis
Figure 42 Mitsubishi Heavy Industries Ltd.: Business Overview
Figure 43 Woojin Industrial System: Company Snapshot

The global monorail systems market, in terms of value, is projected to grow at a CAGR of 2.75% from 2016 to 2021. The market is estimated to be USD 4.68 billion in 2016, and is projected to reach 5.36 Billion by 2021. Increase in urbanization has led to increase in demand for alternative transportation which has driven the monorail system industry.

The global market has been segmented on the basis of type (straddle and suspended), propulsion (electric and maglev) and size (large, medium, and compact). In terms of type, the straddle type systems is projected to grow at the highest CAGR during the forecast period, as these systems are efficient, economical and have low operational costs. These monorail systems are also eco-friendly and compact, which enables them to install in compact areas.

On the basis of propulsion, the global market has been segmented into electric type and maglev. The electric type monorail systems segment is estimated to account for the largest market share, in terms of value, in 2016. Electric monorail systems are preferred over maglev type monorail systems as they are efficient in operation and have low installation cost. Countries such as U.S.A., Japan, China, Germany, India, South Korea and others have higher penetration for electric monorail system.

The global market has been segmented by size into large, medium, and compact. The large type monorail system is expected to account for the largest market share, by value, in 2016. This can be attributed to increased demand for public transport systems. There is increase in demand to install monorail systems in developing countries such as India, China, South Korea and Brazil due to increase in urbanization rate.

The Asia-Pacific region is estimated to dominate the monorail systems market, in terms of value, in 2016, as it comprises some of the fastest developing economies in the world, including China, India, and South Korea. This has led to an increase in monorail systems installation volumes in recent years, with OEMs catering not only to the domestic demand but to overseas demand as well.

Monorail Systems Market

There is a lack of innovation and R&D for monorail systems. OEMs need to invest heavily in R&D to enhance the ability of monorail systems to improve its speed, reliability and efficiency in order to reduce turnaround time. Maglev monorail systems have a higher installation cost than electric monorail systems. These vehicles have not yet penetrated in the emerging markets. The high installation cost is one of the major factors preventing manufacturers from entering the Asia-Pacific market, particularly in countries such as China, India, and South Korea.

Bombardier Transportation (Canada) is a major player in the monorail systems market. It is an industry leader in the implementation and installation of monorail systems. It has a strong product portfolio, with fully automated monorail system under brand called “Innovia". Bombardier Transportation and Chinese CSR Nanjing Puzhen entered into a joint venture to develop and manufacture Innovia Monorail vehicles for urban transit systems in China.  Bombardier Transportation (Canada) invested in a site in Brazil worth USD 15 million to manufacture its new and improved monorail systems that will strengthen its presence globally.

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