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Automated People Mover Market

Automated People Mover Market

Automated People Mover Market

Automated People Mover Market by System Type (Monorail, Duorail, Automated Guideway Transit or Maglev), Application & Region - Forecast 2022-2029

Automated People Mover Market Snapshot

[218 Pages] Future Market Insights (FMI) has forecasted the automated people mover market to grow with year on year growth of 5.1% in 2022 reaching value of about US$ 2,490.2 Mn by 2022 end. The global business is anticipated to witness a considerable CAGR of 5.7% by value during the period of 2022 and 2029.

Automated People Mover Market Base Year Value (2021A)

US$ 2,368.4 Mn

Automated People Mover Market Estimated Year Value (2022E)

US$ 2,490.2 Mn

Automated People Mover Market Projected Year Value (2029F)

US$ 3,679.6 Mn

Value CAGR (2022-2029)

5.7%

Collective Value Share: Top 3 Countries (2022E)

38.7%

FMI has identified U.S. to remain key market for automated people mover market over the forecast period owing to end consumers are demanding products with advanced technologies to attain operational as well as economic efficiency of Automated People Mover along with ease of operations and comfortable travelling experience. The growing demand for technological advanced APM with improved passenger safety to impact the market. The region is estimated to hold around 71.6% in the North America automated people mover market.

2014-2021 Automated People Mover Market Outlook Compared to 2022-2029

The growing rate of urbanization to play a pivotal role in market development. Around 75% of the total population of World lives in urban areas, which generates demand for comfortable and efficient transportation solutions.

In the era of urbanization, an effective transportation system is a key requirement to achieve sustainable mobility of people. An automated people mover is a technologically-advanced transit system with more operating effectiveness than a conventional transit system. The associated operational cost is a prominent factor for operators as well as passengers. Automated people movers require low capital investments as these come with smart technologies and optimum design solutions, which ensure maximum passenger room in the system.

Additionally, automated people movers operate on electric power and cable population mechanism that leads to low operational cost of the system as well. Maintenance activities hold majority share in the total cost of transit systems. Reliable and effective design solutions of automated people movers impose less maintenance costs, as conventional transit systems require periodic maintenance activities that incur high expenses. Low capital, as well as lifecycle costs of automated people movers are estimated to drive the market growth positively.

Airports are the prominent end users of the Automated People Mover Systems. The increasing number of air passengers and capacity expansion of the Airports are cited to boost the requirement of sustainable transit solution. The increasing number of airports are expected to boost the demand for Automated People Mover.

In the global scenario, North America has around 50% of the overall installed automated people mover operating in the world. Europe has significant installed base which witnessed significant growth over the last decade. Asia Pacific region including China, Japan, and South Korea have been gaining traction over the last five years

Which Recent Trends Are Impacting Automated People Mover Market?

An automated people mover is a made to order project with long-term contracts. Market leaders are developing strategic plans to grab automated people mover development contracts by evolving the automated people movers as per specific consumer requirements. After the development, most of the time, transit operations and maintenance activities are handled by third parties for operational effectiveness.

Operations & maintenance contracts generally vary from 5 to 30 years, ensuring better business opportunities and project retention. Manufacturers of automated people movers are focusing on acquiring both contracts to attain project retention with a good business opportunity

Market players are focusing on expanding their businesses by acquiring new contracts across the globe. The number of airports and urban transit requirements is gaining momentum in emerging economic regions such as the Middle East and Southeast Asia.

Countries like United Arab Emirates, Singapore, and Indonesia are witnessing increasing air passenger density. Additionally, the growth of urbanization in Indonesia, Malaysia, Singapore, Thailand, etc., is expected to demand reliable urban transit solutions. Subsequently, these factors are expected to gain traction in the Middle East and Southeast Asia for automated people movers in the coming future.

What are the Key Opportunities for Automated People Mover Market?

Mounting inclination towards air travel is being seen in many nations, especially developed nations such as the United States, Germany, Italy, France, etc. Increasing air passenger density is expected to demand efficient transit solutions to reduce headways with handling passenger traffic.

An automated people mover is a reliable solution in such conditions. The increasing number of air travellers is expected to propel future opportunities for new contracts of automated people movers in the near future.

Growing awareness and stringent regulations regarding automated people mover manufacturing standards create several challenges for the market of automated people movers. To overcome this challenge, market players are now focusing on developing automated people mover technology with advanced safety features and applications.

These new technologies can improve overall safety and reduce any fatality risks while traveling. Advanced and developed safety technologies such as door sensors, noise prevention, etc., in automated people movers are expected to present boundless growth opportunities in the market.

What Is the Impact of the COVID-19 Crisis on the Automated People Mover Market?

Lockdown implemented in various countries in 2020 had a negative influence on the market. Obstacles have arisen as a result of limited production and transportation-related delays caused by travel restrictions. Furthermore, nationwide lockdowns and restrictions in movement had resulted in standstill of trade activities.

Shutdown of manufacturing industries had impacted the demand of automated people mover market in 2020 all over the world. Decrease in public transportation had significantly affected the business of automated people mover market.

Why is the Demand for Automated People Mover Increasing in U.S.?

The U.S. is projected to account for approximately 71.6% of the North America automated people mover market in 2021. Due to the frequency of air travel has ramped up substantially over the last couple of decades, owing to growing affordability of airfares, enhanced connectivity, and convenience in term of time.

The volume of air passengers is expanding at a rapid pace and thus, in U.S. airport planners are continuously investing in enhancing the efficiency of passenger transportation between and within the different airline terminals and airport security. Thus, in the current scenario, airport planners are focusing on the adoption of cutting-edge transit technologies such as the automated people movers to ease passenger traffic congestion and provide a seamless passenger experience.

What is the Expected Growth Rate of the Automated People Mover Market in GCC Countries?

Middle East & Africa are projected to hold significant around 18.2% value shares in the global automated people mover market owing to increasing number of airports in the regions. The GCC countries is estimated to project growth around 9.2% CAGR in the automated people mover market throughout the forecast period of 2022-2029.

Automated people movers are widely utilized at airports to interconnect various gates and terminals. Increasing air passenger density is anticipated to make these countries emerging regions for the automated people mover market over the forecast period.

What is Growth Outlook in China?

The China’s transportation industry continues to remain robust, with Chinese people mover manufacturer producing and selling significant volume of automated mover across the globe. The Chinese transportation industry is expected to be amongst the most opportunistic after the U.S and Germany, owing to increase public transportation in the country. Along with more number of manufacturer in China will provide lucrative opportunity in automated people mover market in forecast period.

Category-wise Insights

Which of the Automated People Mover System used most?

The Duo rail segment is projected to grow at 6.1% CAGR by value during the forecast period of 2022 to 2029 in the global market. The factor such as high effectiveness and versatility, also in light of projected air traffic growth, the industry will need to innovate.  New concepts will increasingly be required to optimize the traffic movement will further boost the market in forecast period.

Which is the most end use application of Automated People Mover?

Automated people mover mostly used by the airports and is expected to expand at 5.7% CAGR by value over the forecast period and generate absolute dollar opportunity of more than US$ 732.7 Mn from 2022 to 2029.

Many large international airports around the world feature people mover systems to transport passengers between terminals or within a terminal itself. Some people mover systems at airports connect with other public transportation systems to allow passengers to travel into the airport's city will boost the automated people mover market in the coming years.

Competitive Landscape

Over the past few years, increment in the number of acquisitions and expansion activities has been witnessed to improve the supply of automated people mover. Several key players are also focusing on improving safety of automated mover. Emergence of various manufacturers had also been witnessed in the global business.

  • In November 2018, PT Len Industri (Persero) is awarded with ASEAN Outstanding Engineering 2018 by ASEAN Federation of Engineering Organization (AFEO)
  • In March 2018, Siemens AG received order from Fraport AG for Airport people mover at Frankfurt Airport, which is estimated to be deliver in 2023 as per the contract.

Scope Of Report

Attribute

Details

Forecast Period

2022-2029

Historical Data Available for

2014-2021

Market Analysis

USD Million for Value

Key Regions Covered

North America, Latin America, EMEA, East Asia, Asia Pacific

Key Countries Covered

US, Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, Russia, GCC Countries, China, Japan, South Korea, Singapore, Malaysia, Indonesia, Thailand, India

Key Segments Covered

System type, Application, and Region

Key Companies Profiled

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

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Automated People Mover Market By Segmentation

By System Type:

  • Monorail
  • Duorail
  • Automated Guideway or Maglev

By Application:

  • Airports
  • Urban Transit
  • Amusement Parks
  • Shopping or Commercial Centre
  • Others

By Region:

  • North America
  • Latin America
  • EMEA
  • East Asia
  • Asia Pacific

Key Questions Answered in the Report

What is the current size of global automated people mover market?

The automated people mover market is expected to total US$ 2,490.2 Mn in 2022.
The automated people mover market has been estimated to exhibit growth rate of 5.7% between 2022 and 2029 on value basis.
Bombardier Inc, Mitsubishi Heavy Industries, Ltd. And Siemens AG are the leading market players. They collectively are anticipated to account for 70% to 75% of the global market share.
The demand in U.S. is expected to increase by 3.5% CAGR between 2022 and 2029 on value basis.
U.S., China, Germany, are the key consumer of automated people mover.

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