- 4 July 2019 22:01
The Automatic Platform Screen Door Market Segmented By Type, Application, And Region
Global Automatic Platform Screen Door Market: Introduction
Platform screen doors also called as platform edge doors. Platform screen doors offer numerous advantages such as increased safety, comfort for passengers, and added aesthetic appeal. Among the type segments, the full-closed type segment is expected to contribute major revenue share to the global market and is expected to maintain its dominance over the forecast period. The full-closed type segment is expected to register steady growth rate over the forecast period. The global Automatic Platform Screen Door Market is estimated to value at approximately US$ 0.7 Bn in 2019 , and is projected to register a CAGR of 7.1% in terms of revenue over the forecast period.
The Asia Pacific market accounted for significant share in terms of revenue in the global automatic platform screen door market in 2018. Increasing spending by governments of countries such as India, China, South Korea, and Japan in various infrastructure projects and initiatives in the near future is expected to drive revenue growth of the Asia Pacific market over the forecast period. China and India are estimated to be the most profitable markets owing to increasing demand for automatic platform screen doors, and increasing technological advancements in the transportation sector. Moreover, other factors such as energy saving, ease of operation, and security are factors significantly contributing to adoption of automatic platform screen door systems in countries in the region.
In addition, increasing initiatives by governments of countries in the region and private players for development and optimization of integrated transport systems between cities in order to enhance passenger experience and safety, and manage increasing passenger flow is also expected to support growth of the market in Asia Pacific.
The North America market is expected to grow at moderate rate over the forecast period. Increasing demand for cars have resulted in US transit agencies slashing services in order to cut costs, and this has resulted in decreasing demand for viable alternatives such as buses and trains in the country to a certain extent.
Analysis By Segmentation:
The market report has been segmented on the basis of type, application, and region. The type segment includes full-closed type, semi-closed type, and half height type. The application segment includes metro systems, light rail vehicles, and open-air tram stations. The regions covered in the analysis are North America, Europe, Asia Pacific, South America, and Middle East & Africa.
By Type: The semi-closed type segment is expected to register highest CAGR of over 7% over the forecast period
By Application: The metro systems segment is expected to register highest CAGR of over 7.1% over the forecast period
By Region: The market in the Asia Pacific accounted for highest revenue share in the global automatic platform screen door market in 2018. The market in Europe is projected to register highest CAGR of over 7% in the global market over the forecast period.
Global Automatic Platform Screen Door Market: Competitive Analysis
The research report on the global automatic platform screen door Market includes profiles of major companies such as Nabtesco Corporation, Knorr-Bremse Aktiengesellschaft, Westinghouse Air Brake Technologies Corporation (Faiveley Transport S.A.), China Fangda Group Co Ltd. (Fangda Intelligent Innovation Technology Co., Ltd.), Nanjing Kangni Mechanical & Electrical Co., Ltd., Sanwa Holdings Corporation (Horton Automatics Inc.), Stanley Black & Decker, Inc. (Stanley Access Technologies, LLC), Panasonic Corporation (Panasonic Manufacturing (Beijing) Co., Ltd.), Shanghai Jiacheng Railway Transportation Safety System Co., Ltd., KTK Group Co., Ltd., and Manusa Door Systems, S.L.U.
The global automatic platform screen door market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global automatic platform screen door market for 2018–2028.
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