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Monorail Systems Market Projected to Reach 5.36 Billion By 2021

Monorail Systems Market categorizes the Global Market by Type (Straddle, and Suspended), Propulsion Type (Electric, and Maglev), Size (Large Monorail, Medium Monorail, and Compact Monorail), and Region.

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Monorail Systems Market Projected to Reach 5.36 Billion By 2021

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  1. MarketsandMarkets Presents Monorail Systems Market Expected to Reach 5.36 Billion USD by 2021

  2. The report "Monorail Systems 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", The global monorail systems market is estimated to be USD 4.68 Billion in 2016, and is projected to grow at a CAGR of 2.75% from 2016 to 2021, to reach USD 5.36 billion by 2021. The growth of this market is fueled by urbanization and increased demand for efficient & cost effective public transport systems in the emerging economies. • Browse • 63 market data tables • 43 figures  • 116 pages and in-depth TOC on “Monorail Systems Market ” • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=119372773

  3. Source: MarketsandMarkets Analysis

  4. The global monorail systems market, in terms of value, is projected to grow at a CAGR of 2.75% from 2016 to 2021. The market is estimated to be USD 4.68 billion in 2016, and is projected to reach 5.36 Billion by 2021. Increase in urbanization has led to increase in demand for alternative transportation which has driven the monorail system industry. The global market has been segmented by size into large, medium, and compact. The large type monorail system is expected to account for the largest market share, by value, in 2016. This can be attributed to increased demand for public transport systems. There is increase in demand to install monorail systems in developing countries such as India, China, South Korea and Brazil due to increase in urbanization rate. The Asia-Pacific region is estimated to dominate the monorail systems market, in terms of value, in 2016, as it comprises some of the fastest developing economies in the world, including China, India, and South Korea. This has led to an increase in monorail systems installation volumes in recent years, with OEMs catering not only to the domestic demand but to overseas demand as well. 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).

  5. Target Audience: • Monorail Manufacturers • Monorails material suppliers • Industry associations and experts • The Monorail Society • Railroad Authorities/Organizations • Industry Experts • OEMs • Scope of the Report: • ByType: • Straddle • Suspended • ByPropulsion: • Electric • Maglev • BySize • Large • Medium • Compact

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  7. About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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