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Growing Rate of Urbanization Expected to Drive the Monorail Systems Market

The straddle type monorail system is estimated to account for the largest share in the global Monorail Market. The primary advantage of straddle type monorail system is that they are easy to install even in the compact areas due to which construction of expensive underground lines can be avoided. Factors such as congestion in the city, technological advancement, space optimization, and urbanization are responsible for the growth of the Monorail Market. The market for maglev technology is expected to grow at a higher rate.

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Growing Rate of Urbanization Expected to Drive the Monorail Systems Market

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  1. Monorail Market by Type (Straddle, and Suspended), Propulsion Type (Electric, and Maglev), Size (Large Monorail, Medium Monorail, and Compact Monorail), and Region - Global Forecast to 2021 www.MarketsandMarkets.com

  2. Straddle type monorail system to hold the largest share in the global Monorail Market, by type The straddle type monorail system is estimated to account for the largest share in the global Monorail Market. The primary advantage of straddle type monorail system is that they are easy to install even in the compact areas due to which construction of expensive underground lines can be avoided. Factors such as congestion in the city, technological advancement, space optimization, and urbanization are responsible for the growth of the Monorail Market. The market for maglev technology is expected to grow at a higher rate. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=119372773

  3. Electric Monorail Systems: A promising market due to the increase in global trade Electric monorail systems are expected to hold the largest share, in term of value, in the global Monorail Market. This can be attributed to the growing need of efficient and effective public transport systems. Electric operated monorails systems are eco-friendly and cost effective as they produce zero emissions and have low installation cost. Monorail systems are much more energy efficient and easier to operate. The maglev monorails uses 30% less energy compared to a high-speed train travelling at same speed and are more efficient compared to current rail systems. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=119372773

  4. The growing need for urbanization, environmental sustainability, and increase in the traffic congestion has resulted in an increasing number of transport systems, which is expected to drive the demand for monorail systems. In developing countries, the increase in urbanization has led to an increase in the demand for transportation systems. Traffic congestion on the roads has also increased. This has led governments to develop infrastructure for rail networks such as metros, monorails, light rails, and trams. Countries have mostly constructed metros and heavy rails for travelling to longer distances whereas monorails are used to commute over shorter distances. The efficiency operation and low cost of installation of monorail systems has meant that most countries have opted for this as an alternative mode for transportation. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=119372773

  5. Asia-Pacific: Largest market for monorail systems The Asia-Pacific is the largest markets for monorail systems. The Asia-Pacific accounted for the largest market share of the global monorail systems in 2016. This is mainly attributed to the rise in urbanization in countries and the technological advancements in monorail systems. There in increase in demand for urban public transport systems in Asia-Pacific region in countries such as China, India and others. These countries have installed monorail systems which are efficient and cost effective. The report analyzes all major players in the Monorail Market, including Bombardier Transportation (Canada), Hitachi, Ltd. (Japan), Scomi Engineering Bhd. (Malaysia), Aerobus International, Inc. (USA), Mitsubishi Heavy Industries, Ltd. (Japan), IntaminBahntechnik (Switzerland), Urbanaut Monorail Technology (USA). Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=119372773

  6. Market Ecosystem: The ecosystem of the monorail systems industry consists of manufacturers such as Bombardier Transportation (Canada), Hitachi, Ltd. (Japan), Scomi Engineering Bhd. (Malaysia), Aerobus International, Inc. (USA), Mitsubishi Heavy Industries, Ltd. (Japan), IntaminBahntechnik (Switzerland), Urbanaut Monorail Technology (USA) and research institutes such as the Japan Monorail Association (JMA), International Monorail Association (IMA), and The Monorail Society (TMS). Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=119372773

  7. Browse >> 63market data tables 43figures 116 pagesand in-depth TOC “Monorail Market by Type (Straddle, and Suspended), Propulsion Type (Electric, and Maglev), Size (Large Monorail, Medium Monorail, and Compact Monorail), and Region - Global Forecast to 2021” Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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