About Automated People Mover(APM)
The global Automated People Mover(APM) market witness high demand in the forecasted period due to the ever-increasing urbanization has led to an increase in the demand for public transportation systems. Automated people mover (APM) is a type of small scale automated guideway transit system. Automated People Mover Systems are common at the world’s major airports. The implementation of e-passport as well as the air tourism activities are further expected to grow the demand of Automated People Mover(APM). The volume of air passengers is expanding at a rapid pace and thus, airport planners are continuously investing in enhancing the efficiency of passenger transportation between and within the different airline terminals and airport security.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 3.1% |
Key players need to invest heavily in R&D to enhance the ability of monorail systems, further improve its speed, reliability, and efficiency in order to reduce the turnaround time. The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Automated People Mover(APM) market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bombardier Transportation (Canada), Hitachi, Ltd. (Japan), Scomi Engineering Bhd. (Malaysia), Aerobus International, Inc. (United States), Mitsubishi Heavy Industries, Ltd. (Japan), Intamin Bahntechnik (Switzerland), Urbana Monorail Technology (United States), TPI Composites (United States), Strukton (Netherlands) and Doppelmayr Cable Car (Austria) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Chance Rides, Inc. (United States) and Parry People Movers Ltd. (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Automated People Mover(APM) market by Type (Monorail, Duorail, Automated Guide Way Transit and Others), Application (Airports, Urban Transit, Amusement Parks, Shopping or Commercial Center and Others) and Region.
On the basis of geography, the market of Automated People Mover(APM) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
If we see Market by , the sub-segment i.e. will boost the Automated People Mover(APM) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
High Demand due to Ability to Handle Medium-High Traffic makes Monorail an Attractive Proposition in Tier-2 Cities and Delivering Seamless Passenger Experience through Enhanced Functionality
Market Growth Drivers:
The Rising Requirement for Reliable Transportation and The Increasing Traffic Congestion and Environmental Sustainability has resulted in a Growing Demand for Voluminous and Clean Transport Systems
Challenges:
The Growing Concern Related to High Installation Cost of Maglev
Restraints:
Lack of Innovation and R&D in the Automated People Mover Market
Opportunities:
Technological Innovation such as Maglev Monorail Systems and The Increasing Infrastructure Development as well as Demand for Public Transportation Systems in the Emerging Countries
Market Leaders and their expansionary development strategies
On 16th April 2020, Global mobility solution provider Bombardier Transportation has signed a ten-year contract with Fraport AG to continue operating and maintaining the BOMBARDIER INNOVIA APM 100 people mover system and to modernize its signaling technology with the BOMBARDIER CITYFLO 650 solution at Frankfurt Airport. The contract is valued at approximately 103 million euros and includes an option for a further five years of operation and maintenance of the system.
On 3rd April 2018, Bombardier’s INNOVIA APM 300 Automated People Mover System Starts Passenger Service in Shanghai. The latest generation of INNOVIA APM 300 system offers high performance, passenger safety, comfort, and convenience.
Key Target Audience
Automated People Mover(APM) Manufacturer, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.