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Monorail Systems Market by Type, Propulsion Type, Size, and Region - Global Forecast to 2021

This Report provided by GrandResearchStore is about, the 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 increased infrastructure development and demand for public transport systems in the emerging economies.

Monorail Systems Market by Type, Propulsion Type, Size, and Region - Global Forecast to

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 Published On : December 2016 Category : Automotive and Transportation Pages : 118 pages Contact : International : (+1) 646 781 7170 help@grandresearchstore.com Report Description: “Increased infrastructure development and demand for public transport systems will likely to drive the global monorail systems market” The 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 increased infrastructure development and demand for public transport systems in the emerging economies. Monorail systems are easy to install and are cost effective, which is a major driver for the monorail systems market. “Electric monorail systems to be the fastest growing segment in the monorail systems market” Electrically-operated monorail systems are being increasingly adopted as they are environmentally friendly, reliable, and efficient. Electric monorail systems are economical and adaptable compared to maglev type monorail system. Maglev is a relatively new technology and is expensive than electric type monorail system. Given these advantages, the electric-operated monorail system market is expected to surpass the markets for maglev type monorail systems. “Asia-Pacific is the fastest growing market for monorail systems”

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