Automated People Mover Market Report 2024

The automated people mover market size has grown strongly in recent years. It will grow from $2.59 billion in 2023 to $2.76 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be linked to increasing demand for airport transportation solutions, urbanization, rising global airport numbers, infrastructure investments, reduced travel times, improved comfort, and the demand for smart mobility solutions.

The automated people mover market size is expected to see strong growth in the next few years. It will grow to $3.59 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period is driven by the rising demand for public transportation, enhancements in safety and security, the push for energy-efficient transport solutions, sustainability efforts, and the need for space-efficient solutions. Key trends expected include the adoption of automated people mover technology, advancements in APM systems, increased automation and safety features, energy-efficient technologies, and the integration of cutting-edge transportation innovations.

The rising demand for public transportation is expected to drive growth in the automated people mover (APM) market. Public transit, managed by governments or private entities, offers shared transportation services to the public, spurred by infrastructure investments, population growth, urbanization, and environmental concerns. APMs integrate seamlessly with subways, buses, and trains, enhancing transit options and streamlining city travel for passengers. For example, in April 2024, transit travelers in the US made 7.1 billion trips, marking a 16% increase from 2022, as reported by the American Public Transportation Association. This uptrend in public transportation usage underscores the expanding market for automated people movers.

Leading firms in the APM sector are innovating with advanced driverless train systems to alleviate automobile congestion and provide efficient mobility solutions. These systems operate autonomously, using precise train positioning and wireless communication with trackside equipment to ensure safe operations. For instance, in August 2022, Los Angeles International Airport (LAX) introduced its first APM train car, capable of carrying up to 200 passengers at speeds of 47 mph. These environmentally-friendly trains, with 98% recyclable materials, aim to reduce pollution and minimize vehicle traffic in the airport's primary terminal area. The maintenance and storage facilities incorporate solar panels and high-efficiency mechanical and electrical systems. Each train car features spacious doors to accommodate passengers and their belongings.

In January 2021, Alstom SA, a French rolling stock manufacturer, completed the acquisition of Bombardier Transportation for approximately $7.0 billion. This strategic move was aimed at enhancing Alstom's leadership in the global rail transportation market. By acquiring Bombardier Transportation, headquartered in Germany, Alstom sought to expand its geographic footprint, diversify its product portfolio, and bolster its research and development capabilities. Bombardier Transportation specializes in manufacturing the Innovia APM 300, an automated people mover among other rail transport solutions.

Major companies operating in the automated people mover market are BYD Company Ltd., Mitsubishi Heavy Industries Ltd., Thales, Alstom SA, Kawasaki Heavy Industries Ltd., Siemens Mobility, IHI Corporation, Westinghouse Electric Company, Stadler Rail AG, Hyundai Rotem Company Ltd., TPI Composites Inc., Vossloh, Von Roll, Doppelmayr Seilbahnen GmbH, Hitachi Rail Ltd., CAF Power & Automation, LEITNER, Intamin Transportation Ltd., POMA, PT Len Industri.

North America was the largest region in the automated people mover market in 2023. The regions covered in the automated people mover market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the automated people mover market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An automated people mover (APM) is a fully automated transportation system for passengers, guided by rubber tires, and typically runs on elevated guideways or through tunnels. APMs aim to provide fast, reliable, and frequent service, enhancing mobility and reducing congestion in busy areas.

The primary types of APM systems include monorail, duorail, automated guideway transit (AGT), and maglev. Monorail systems feature a single elevated rail supported by columns, making them well-suited for urban transport due to their sleek design and ability to navigate congested areas. These systems utilize various technologies such as conventional, driverless, and hybrid, offering different capacities - low, medium, and high - and find applications in airports, urban transit, amusement parks, shopping centers, and other environments.

The automated people mover market research report is one of a series of new reports that provides automated people mover market statistics, including automated people mover industry global market size, regional shares, competitors with an automated people mover market share, detailed automated people mover market segments, market trends, and opportunities, and any further data you may need to thrive in the automated people mover industry. This automated people mover market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automated people mover market includes revenues earned by entities by providing services such as convenient and efficient travel, safety and security, reliability and operational efficiency, and accessibility. The market value includes the value of related goods sold by the service provider or included within the service offering. The automated people mover also includes sales of propulsion systems, sensors, cameras, electrical components, and communication systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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