The global platform screen door system market was valued at $630.00 million in 2017, and is projected to reach $1,010.00 million by 2026, registering a CAGR of 5.2%. Asia-Pacific was the highest revenue contributor, accounting for $295.16 million in 2017, and is estimated to reach $503.79 million by 2026, with a CAGR of 6.0%.
Platform screen door system is a type of barrier that is installed at transit stations, which acts as a barrier between the passenger and the transit area such as platforms or airport runways. Platform screen door systems are intended to provide safety and security to the passengers; thus, reducing the chance of accidents caused due to human intervention. They are a form of new addition to the transit stations across the globe and continuous developments have been made to provide a better version of platform screen doors system to reduce accidents. Numerous developments have been carried out by companies across the globe for introducing advanced platform screen doors, which leads to its wider adoption. Also, with the development in railway and other infrastructure, platform screen doors find a wider application, which effectively leads to the growth of the global platform screen door system market.
Get Sample PDF@ https://www.alliedmarketresearch.com/request-sample/6897
Major Market Players:
• Faiveley Transport
• Fangda Group
• Gilgen Door Systems AG.
• Horton Automatics
• Panasonic Corporation
• Jiacheng Railway International
• Stanley Access Technologies LLC.
• Toshi Automatic Systems Pvt. Ltd.
• Westinghouse Electric Corporation.
The global platform screen door system market has been supplemented by factors such as the rising need for public safety and massive transportation infrastructure developments. Moreover, high capital requirement and refurbishment of existing safety system are the factors that hamper the growth of the global platforms screen door system market. However, rise in demand for safe, secure, & efficient transport system and improvement in railway infrastructure in developing countries are the factors that increase the demand for platform screen doors to be installed at transit stations; thus, leading to the growth of the global platform screen door system market.
The global platform screen door system market is segmented into product type, application and region. By product type, the global system market has been categorized into full height, semi height and half height type of platform screen doors. By application, the global platform screen door system market has been classified into metro, airport and bus stop. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Market Segments
• By Application
o BUS STOP
• By Product Type
o FULL HEIGHT
o SEMI HEIGHT
o HALF HEIGHT
The governments across the globe are focused on improving the transportation structure and safety & security system of their respective countries. This increased focus has enabled numerous countries to upgrade their existing safety and security system through various contracts and agreements carried out by top manufacturers. Recently, transit station upgradation projects are being carried out across the globe for the installation of automatically operated platform screen door system to ensure safety and security of the passengers. For instance, despite availability of platform screen doors at transit stations of Brazil, the government is anticipated to introduce platforms screen door system at all the stations by the end of 2021. Also, platform screen doors are being installed at the driverless metro lines of Greece and are expected to be completed by November 2020. This increases the adoption rate of such systems at a higher rate, which supplements the growth of the global market.
Transportation can be considered as the enabler of economic progress owing to rise in use of public transport services as a solution to minimize traffic congestions coupled with the cheapest and safest mode of transportation. However, one of the key restraints of the platform screen door system market is the capital-intensive nature of the market, as the cost of installation is significantly high. For instance, in 2018, Indian railway decided to install platform screen door system at the stations of Maharashtra metro to reduce accidents and suicides. This entire budget was expected to reach around $26.10 million. This indicates the requirement of high capital to build as well as to maintain the safety network, which is expected to hamper the market growth.
Key Benefits For Stakeholders
• This study presents the analytical depiction of the global platform screen door system market analysis along with the current trends and future estimations to depict imminent investment pockets.
• The overall platform screen door system market opportunity is determined by understanding profitable trends to gain a stronger foothold.
• The report presents information related to the key drivers, restraints, and opportunities of the global platform screen door system market with a detailed impact analysis.
• The current platform screen door system market is quantitatively analyzed from 2017 to 2026 to benchmark the financial competency.
Autonomous Bus Door System Market by Bus Type (Shuttle Bus, City Bus, Intercity Bus, Coach, and BRT Bus), Door Type (Conventional Doors, Folding Doors, Sliding Plug Doors, Coach Doors, and Inward Gliding Doors), Mechanism (Pneumatic and Electric), Level of Automation (Level 4 and Level 5), Propulsion Type (ICE, and Electric), and by Component (Hardware, Software, and Solutions): Global Opportunity Analysis and Industry Forecast, 2020–2027
Bus Door System Market by Technology (Pneumatic Bus door System, and Electric Bus Door System), and Application (School Bus, Shuttle Bus, Intercity Bus, City bus, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
Electric Bus Door System Market by Application (School Bus, Shuttle Bus, Intercity Bus, City bus, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.