Automated people movers enable efficient interconnection between airport gates and city centers at several airports. Low capital investments and relatively lesser operational costs would remain the primary factors driving the adoption of automated people movers. Future Market Insights (FMI) recently published a research report on the automated people mover market that projects a healthy 5% CAGR for revenue growth of the market during 2019-2029. By the end of the forecast period, automated people mover sales are expected to account for revenues worth ~US$ 4 Bn.
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Key Takeaways – Global Automated People Mover Market Report
- Automated people movers would continue to witness significantly high adoption by airport operators.
- Sales of automated people mover are expected to witness a momentous rise for application in urban transit systems.
- North America would retain a major share of revenues in the global automated people mover market.
- An increasing number of airports in the Asia Pacific holds the promise to elevate the number of contracts with automated people mover manufacturers.
- The market in the Middle Eastern region is expected to be lucrative in terms of automated people mover sales and O&M contracts.
- Through 2029, automated people mover markets in Europe and Middle East & Africa (MEA) are projected to outperform that in North America in terms of revenue share.
“Technologically advanced automated people movers offer design advantages in addition to cost benefit. Several automated people movers are further enhanced with safety features that enable manufacturers to gain a competitive edge in the consolidated market. The equipment is generally made-to-order, which means that winning contracts is crucial for manufacturers. Acquiring contracts for operations & maintenance will also remain an important strategy adopted by prominent companies in automated people mover market.”
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By segment:
System Type
- Monorail
- Duorail
- Automated Guideway Transit or Maglev
Application
- Airports
- Urban Transit
- Amusement Parks
- Shopping or Commercial Centers
- Others
Region
- North America
- Latin America
- Europe, Middle East & Africa
- East Asia
- Asia Pacific
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Competitive Landscape:
The automated people mover market is characterized by a high degree of consolidation, as a result of the presence of limited players. Tier-I companies account for over 3/4th of the total market value. Some of the leading manufacturers, such as Bombardier Inc., Mitsubishi Heavy Industries, Ltd., and Siemens AG, are prioritizing joint ventures for developing innovative automated people mover systems. With LAX’s Automated People Mover, several public-private partnership (PPP) projects are projected to shape up at the U.S. airports shortly. Companies are also expected to focus on expanding their sales footprint in emerging markets, such as the Asia Pacific and Middle East & Africa. Such players have been establishing offices and sales partnerships in these regions.