What is Global Automated People Mover System Market?
The Global Automated People Mover System Market is a fascinating and rapidly evolving sector. This market revolves around automated systems designed to transport people in high-traffic areas such as airports, urban transit systems, and other crowded places. These systems, often referred to as APMs, are typically used in large-scale facilities where a high volume of people needs to be moved efficiently and safely. The APMs are designed to operate on a fixed route and are fully automated, meaning they require minimal human intervention. They are often seen as a solution to the growing problem of congestion in urban areas and are increasingly being adopted in cities around the world.
Heavy APMs, Light APMs in the Global Automated People Mover System Market:
The Global Automated People Mover System Market is divided into two main categories: Heavy APMs and Light APMs. Heavy APMs are larger, more robust systems that are designed to carry a large number of passengers. They are typically used in airports and other large facilities where there is a need to transport a high volume of people over a relatively long distance. Light APMs, on the other hand, are smaller and more flexible. They are often used in urban transit systems, where they can provide a quick and efficient means of transportation for commuters. Both types of APMs play a crucial role in the market, with Heavy APMs accounting for the largest share.
Airports, Urban Transit, Others in the Global Automated People Mover System Market:
The use of APMs is widespread and varied. In airports, they are often used to transport passengers between terminals or from the terminal to the parking lot. This helps to reduce congestion and improve the overall passenger experience. In urban transit systems, APMs are used to provide a quick and efficient means of transportation for commuters. They can help to reduce traffic congestion and improve the overall efficiency of the transit system. Other uses for APMs include theme parks, where they can transport visitors around the park, and large shopping centers, where they can help shoppers get from one end of the center to the other.
Global Automated People Mover System Market Outlook:
The Global Automated People Mover System Market is a dynamic and growing market. In 2022, the market was valued at US$ 1201.7 million. It is expected to grow significantly over the next few years, reaching a value of US$ 1676.8 million by 2029. This represents a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2023 to 2029. The largest segment of the market is Heavy APMs, which accounts for about 70% of the total market. This shows the significant role that these systems play in the market and the high demand for them in various sectors.
| Report Metric | Details |
| Report Name | Automated People Mover System Market |
| Accounted market size in 2022 | US$ 1201.7 million |
| Forecasted market size in 2029 | US$ 1676.8 million |
| CAGR | 5.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Alstom, Siemens, Hitachi Rail, Mitsubishi Heavy Industries, Doppelmayr Cable Car, POMA, Intamin Transportation |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
