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Global Monorail System Market 2017-2021

Global Monorail System Market 2017-2021

About Monorail System

A monorail is a railway system that uses a single rail track and acts as a mode of mass rapid transport (MRT). It uses equipment and infrastructure, which is less massive than the heavy rail modes, such as commuter and metro rail systems or subways.

Technavio’s analysts forecast the global monorail system market to grow at a CAGR of 3.07% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global monorail system market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Monorail System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bombardier
  • Hitachi
  • Mitsubishi Heavy Industries
  • Siemens
Other prominent vendors
  • Alstom
  • Bradken
  • CAF
  • CRRC
  • DCD Rail
  • Downer Group
  • éolane
  • INTAMIN Deutschland
  • Japan Transport
  • Engineering Company
  • JSC Dneprovagonmash
  • Newag S.A.
  • PKC Group
  • Promtractor-Vagon CJSC
  • Scomi Engineering Bhd
  • Sinara Transport Machines
  • Skoda Transportation
  • The Greenbrier Companies
  • The Urbanaut Company
Market driver
  • Growing urbanization
  • For a full, detailed list, view our report
Market challenge
  • High expenditure of overhauling and maintenance
  • For a full, detailed list, view our report
Market trend
  • Emergence of PPP model in developing countries
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Monorail System Market 2017-2021

Technavio recognizes the following companies as the key players in the global monorail system market: Bombardier, Hitachi, MitsubishI Heavy Industries and Siemens.

Other Prominent Vendors in the market are: Alstom, Bradken, CAF, CRRC, DCD Rail, Downer Group, Éolane, INTAMIN Deutschland, Japan Transport, Engineering Company, JSC Dneprovagonmash, Newag S.A., PKC Group, Promtractor-Vagon CJSC, Scomi Engineering Bhd, Sinara Transport Machines, Skoda Transportation, The Greenbrier Companies and The Urbanaut Company.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of PPP model in developing countries. The PPP model leads to the sharing of capital and the risks associated with the project. In addition, government participation accelerates the delivery time of the project.”

According to the report, one driver in the market is growing urbanization. Growing urbanization leads to an increase in mobility and accelerates the demand for high-capacity public transportation solutions, especially in congested cities and areas. Growing urbanization and increased mobility have increased the demand for monorails and passenger coaches in the urban rail transit market. Urban rail transit comprises various types of light and high rail systems, which provide passengers services within or around urban areas.

Further, the report states that one challenge in the market is high expenditure of overhauling and maintenance. Rolling stock manufacturers incur high expenditure on overhauling and maintenance on their production units and machinery. The expenditure incurred primarily involves repairs or maintenance of equipment and machinery involved in the production, the cost incurred on the setup of new machinery, maintenance of manufacturing sites, and the cost involved in storing and maintaining raw materials. These costs increase the CAPEX of the vendor, exerting financial pressure on the company.



Companies Mentioned

Bombardier, Hitachi, MitsubishI Heavy Industries and Siemens, Alstom, Bradken, CAF, CRRC, DCD Rail, Downer Group, Éolane, INTAMIN Deutschland, Japan Transport, Engineering Company, JSC Dneprovagonmash, Newag S.A., PKC Group, Promtractor-Vagon CJSC, Scomi Engineering Bhd, Sinara Transport Machines, Skoda Transportation, The Greenbrier Companies and The Urbanaut Company.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Advantages of monorail over light rail
  • Market landscape
    • Market overview
      • Table Comparison between monorail systems based on their size
    • Market size and forecast
      • Table Global monorail system market 2016-2021 ($ billions)
      • Table Key factors that decide final cost of monorail systems in different regions
      • Table Cost comparison of monorail project in some countries ($ millions/km)
      • Table Cost comparison among different type of rail systems
      • Table GDP growth rate of different country groups 2005-2015 (annual %)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by monorail type
    • Global monorail system market segmentation by type
      • Table Growth rate of global monorail system market by type 2017-2021
    • Global straddle monorail system market
      • Table Global straddle monorail system market 2016-2021 ($ millions)
    • Global suspended monorail system market
      • Table Global suspended monorail system market 2016-2021 ($ millions)
  • Geographical segmentation
    • Global monorail system market segmentation by geography
      • Table Growth rate of global monorail system market by geography 2017-2021
      • Table Market share of monorail system market by geography 2017-2021 (% revenue)
    • Monorail system market in APAC
      • Table Monorail system market analysis in APAC
      • Table Monorail system market in APAC 2016-2021 ($ billions)
      • Table GDP annual growth rate of leading countries in APAC 2010-2015
    • Monorail systems market in EMEA
      • Table Monorail system market analysis in EMEA
      • Table Monorail system market in EMEA 2016-2021 ($ billions)
      • Table GDP growth rate of Europe's top 10 growing economies 2015 (annual %)
      • Table Proposed/undergoing/completed monorail projects in EMEA
    • Monorail system market in Americas
      • Table Monorail system market analysis in Americas
      • Table Monorail system market in Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table List of sites with proposed monorails
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Cost/km comparison among various urban rail systems
      • Table Lowest overall cost per seat comparison among various urban rail system
      • Table External risks that may affect global monorail system market growth
      • Table Comparison of operating features of different types of rail systems*
      • Table Advantages of LRT over monorail
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Emergence of PPP model in developing countries
      • Table Key milestones/timelines of NGR project
    • Adoption of asset finance as chief model for procurement
    • Growing inclination for public transportation
  • Vendor landscape
    • Competitive scenario
    • Bombardier
      • Table Bombardier: Business segments by revenue 2015 and 2016 (nine-month period ending on September 30) ($ millions)
      • Table Bombardier: Geographical segmentation by revenue 2015 (%)
      • Table Bombardier: Recent developments
    • Hitachi
      • Table Hitachi: Business segments by revenue for year ended March 2016 (% revenue)
      • Table Hitachi: Geography segmentation by revenue March 2016 (%)
      • Table Hitachi: Recent developments
    • Mitsubishi Heavy Industries
      • Table Mitsubishi Heavy Industries: Business segments by revenue April 1-December 31, 2016 (% revenue)
      • Table Mitsubishi Heavy Industries: Recent developments
    • Siemens
      • Table Siemens: Business segmentation by revenue 2016 (% share)
      • Table Siemens: Recent developments
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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