The automated people mover global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automated People Mover Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automated people mover market size has grown strongly in recent years. It will grow from $2.59 billion in 2023 to $2.76 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to rising demand for airport transport solutions, growing urbanization, the number of airports in the globe, increasing infrastructure investment, reduced travel time and greater comfort, and growing demand for smart mobility solutions.
The automated people mover market size is expected to see strong growth in the next few years. It will grow to $3.59 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to the increasing demand for public transportation, the need for improved safety and security, the increasing demand for energy-efficient transportation solutions, the growing focus on sustainability, and the increasing need for space efficiency. Major trends in the forecast period include adoption of automated people movers technology, technological developments in APM systems, advanced automation and safety measures, energy-efficient technologies, and the introduction of cutting-edge transportation technologies.
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Scope Of Automated People Mover Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automated People Mover Market Overview
Market Drivers –
The increasing demand for public transportation is expected to propel the growth of the automated people mover market going forward. Public transit refers to the system of vehicles and infrastructure operated by a government or private entity designed to provide shared transportation services to the general public. The demand for public transportation is increasing due to several factors, such as infrastructure investments, population growth, urbanization, and environmental concerns. APMs reduce obstruction in public transportation by seamlessly integrating with subways, buses, and trains, offering automated transit options. This integration creates a cohesive system, making city travel more accessible for passengers. For instance, in April 2024, according to the American Public Transportation Association, a US-based non-profit group, transit travelers took 7.1 billion trips on public transportation in 2023, up 16% from 2022. Therefore, the increasing demand for public transportation drives growth in the automated people-mover market.
Market Trends –
Major companies operating in the automated people mover market are developing advanced driverless train systems to reduce automobile congestion and traffic and provide a quick and efficient mobility choice. A driverless train system is a form of rapid transit system that runs without an onboard driver or conductor, allowing for accurate train positioning and wireless communication between trains and trackside equipment for safe operation. For instance, in August 2022, a US-based international airport company, Los Angeles International Airport (LAX), launched the first automated people mover (APM) train car. The trains will have a capacity of up to 200 passengers and travel at a speed of 47 mph. The train cars are 98% recyclable and will reduce pollution by reducing the number of automobiles entering the airport’s primary terminal area. The maintenance and storage building features solar panels and high-efficiency mechanical and electrical systems. Each train car contains four vehicles with more extensive doors to accommodate passengers and their belongings.
The automated people mover market covered in this report is segmented –
1) By System Type: Monorail, Duo Rail, Automated Guide Way Transit Or Maglev
2) By Technology: Conventional, Driverless, Hybrid
3) By Capacity: Low, Medium, High
4) By Application: Airport, Urban Transit, Amusements Parks, Shopping Or Commercial Centers, Other Applications
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Regional Insights –
North America was the largest region in the automated people mover market in 2023. The regions covered in the automated people mover market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automated people mover market are BYD Company Ltd., Mitsubishi Heavy Industries Ltd., Thales, Alstom SA, Kawasaki Heavy Industries Ltd., Siemens Mobility, IHI Corporation, Westinghouse Electric Company, Stadler Rail AG, Hyundai Rotem Company Ltd., TPI Composites Inc., Vossloh, Von Roll, Doppelmayr Seilbahnen GmbH, Hitachi Rail Ltd., CAF Power & Automation, LEITNER, Intamin Transportation Ltd., POMA, PT Len Industri
Table of Contents
1. Executive Summary
2. Automated People Mover Market characterstics
3. Automated People Mover Market Trends And Strategies
4. Automated People Mover Market – Macro Economic Scenario
5. Global Automated People Mover Market Size And Growth
…..
32. Global Automated People Mover Market Competitive Benchmarking
33. Global Automated People Mover Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automated People Mover Market
35. Automated People Mover Market Future Outlook and Potential Analysis
36. Appendix
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