How big is the Monorail System Market?

The Monorail System Market size is expected to reach USD 5.75 billion in 2024 and grow at a CAGR of 3.9% to reach USD 7.60 billion by 2029. Read More

What is the current Monorail System Market size?

In 2024, the Monorail System Market size is expected to reach USD 5.75 billion. Read More

Who are the key players in Monorail System Market?

Bombardier Inc., Siemens AG, CRRC Corporation Limited, Hitachi, Ltd. and Intamin Transportation are the major companies operating in the Monorail System Market. Read More

Which is the fastest growing region in Monorail System Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Monorail System Market?

In 2024, the Europe accounts for the largest market share in Monorail System Market. Read More

What years does this Monorail System Market cover, and what was the market size in 2023?

In 2023, the Monorail System Market size was estimated at USD 5.53 billion. The report covers the Monorail System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Monorail System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Monorail Systems Market - Industry Manufacturers, Growth & Size

Monorail Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Monorail System Market Report is Segmented by Monorail Type (Straddle Monorail and Suspended Monorail), by Propulsion Type (Electric and Maglev), and by Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Monorail System Industry Overview

Bombardier, Siemens, CRRC, Hitachi, Intamin Transportation, and BYD Co. Ltd are the major manufacturers operating in the monorail system market. New product launches, acquisitions, mergers, and continuous technological innovations are the characteristics of most companies in the market studied. For instance:

In March 2024, Egis and its partner, TYLin, secured a contract from the Tainan City government to develop the basic design for Taiwan's inaugural monorail line.
In August 2023, the Dominican Republic selected an Alstom-led consortium to implement the nation’s first monorail system in Santiago de los Caballeros.
In October 2022, CRRC, in collaboration with the Portuguese company Mota-Engil, secured a USD 1.4 billion contract to construct three subway lines and supply 132 train cars.