Categories: Market Research

Automated People Mover Market Report 2024 – Growth and In-depth Analysis 2033

Overview and Scope
An automated people mover (APM) is a fully automated, guided, and rubber-tired passenger transport system that is typically operated on elevated guideways or in tunnels. APMs are designed to provide quick, dependable, and often frequent service, increasing mobility and reducing congestion in congested areas.

Sizing and Forecast
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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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

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.

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The automated people mover market report table of contents includes:

1. Executive Summary

2. Automated People Mover Market Characteristics

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

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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