NEWARK, Del, June 30, 2022 (GLOBE NEWSWIRE) -- The global automated people mover market is projected to grow at a value CAGR of 5.8%, to reach a valuation of over US$ 4.3 Bn by 2032.
Rising demand for transit solutions at airports will fuel sales in the market. Air travel is becoming increasingly popular as a result of reasons such as reduced travel time and improved comfort.
The number of airports is expanding across the world, and the size of airports is also increasing. Interconnection between terminals and multimodal transit must be dependable and efficient. Automated people movers are frequently used at airports to carry passengers with minimal wait times. For brief journeys, automated people movers are utilized to transport a large group of roughly 300 individuals in a short amount of time.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7115
These solutions offer driverless transportation with minimum headways. Decreasing headways along with automated system gives maximum operational efficiency. Predominant manufacturers in the APM market are inclining towards development of the technological advanced products to cater to requirements such as low operational expenditure on equipment, installation cost, and safety.
Automated people movers need little capital since they are equipped with smart technology and optimal design solutions that assure maximum passenger capacity. Additionally, these movers rely on electricity and a cable mechanism, resulting in minimal system operating costs.
“Automated people movers that are technologically advanced provide design benefits in addition to cost savings. Since much of the equipment is made-to-order, getting contracts is critical for manufacturers. Obtaining contracts for operations and maintenance will continue to be a key strategy for leading players in the automated people mover market,” says an FMI analyst.
Key Takeaways:
- Based on system type, demand for duo rail is projected to increase at a 6% CAGR over the forecast period.
- In terms of application, the airport segment is expected to grow Y-o-Y by 4.7% in 2022.
- Total sales in the U.S. automated people mover market are expected to surpass a valuation of US$ 1 Bn by 2032.
- Demand for automated people movers across GCC countries will increase at a 6.9% CAGR over the assessment period.
- China will account for a dominant share in the East Asia automated people mover market, with total sales reaching US$ 305.7 Mn by 2032.
Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-7115
Competitive Landscape
The global automated people mover market is significantly consolidated among Tier I, Tier II, and Tier III players. The leading players in the market account for 75 to 80% share in the market on a value basis.
Some of the key players in this industry include but are not limited to Siemens, MITSUBISHI HEAVY INDUSTRIES, LTD., Doppelmayr Seilbahnen GmbH, PT Len Industri (Persero), LEITNER AG, Coester Group HYUNDAI ROTEM COMPANY IHI Corporation, Alstom and other.
Key Segments Covered In Automated People Mover Market Analysis
By System Type:
- Monorail
- Duo Rail
- Automated Guide Way Transit or Maglev
By Application:
- Airport
- Urban Transit
- Amusements Parks
- Shopping or Commercial Centers
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East & Africa
Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-7115
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
4. Key Success Factors
5. Global Automated People Mover Market Demand (in Value or Size in US$ Mn) Analysis 2017- 2021 and Forecast, 2022-2032
5.1. Historical Market Value (US$ Mn) Analysis, 2017-2021
5.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
Top Reports Related To Automotive Market Insights
Automotive Active Roll Control System Market Size: Automotive Active Roll Control System Market by Actuator Type, Vehicle Type, Distribution Channel & Region - Forecast 2022-2032
Automotive Structural Steel Market Share: Automotive Structural Steel Market by Manufacturing Process, Product Type, Vehicle Component, Vehicle Type & Region - Forecast 2022 - 2032
Weigh in Motion System Market Trends: Weigh In Motion System Market by Component, Technology, Installation, End User, Application & Region - Forecast 2022 – 2032
Aircraft Pushback Tugs Market Analysis: Aircraft Pushback Tugs Market by Product Type, Power Source, Mode of Operation & Region - Forecast 2022 – 2032
Automotive Grade Inductors Market Outlook: Automotive Grade Inductors Market by Inductance Range, Vehicle Type, Sales Channel & Region - Forecast 2022 – 2032
Automotive NFC Market Forecast: Automotive NFC Market by Type, Vehicle Type, Application, Sales Channel & Region - Forecast 2022 – 2032
Electro-Pneumatic Train Brakes Market Sales: Electro-Pneumatic Train Brakes Market by Brake Type, Train Type & Region - Forecast 2022 – 2032
Traffic Sign Recognition System Market Value: Traffic Sign Recognition System Market by Application, Traffic Sign recognition & Region - Forecast 2022 – 2032
Automotive Proportioning Valves Market Demand: Automotive Proportioning Valves Market by Product Type, Vehicle Type, Sales Channel & Region - Forecast 2022 – 2032
Ambulance Power Inverter Market Type: Ambulance Power Inverter Market By Voltage Type, Application, Sales Channel & Region - Forecast 2022-2032
For More Info @ https://www.globenewswire.com/en/news-release/2022/06/27/2469649/0/en/Sales-of-Used-Bikes-through-Bike-Marketplace-to-witness-a-CAGR-of-4-6-through-2032-As-Advocacy-to-achieve-the-Carbon-Neutrality-Rises-Future-Market-Insights-Inc.html
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/automated-people-mover-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports