Date : November 2024
The global monorail system market size is estimated to hit around USD 9.71 billion by 2033 from USD 6.45 billion in 2023 and growing at a CAGR of 4.25% from 2024 to 2033. The top companies operating in the monorail system market are Bombardier Corporation, CRRC Corporation Limited, Hitachi Rail, Ansaldo STS, BYD Company ltd, General Electric, Alstom S.A., Thales Group, SIEMENS AG, Mitsubishi Electric, ABB.
Report Highlights | Details |
Market Size in 2023 | USD 6.45 Billion |
Market Size by 2033 | USD 9.71 Billion |
Growth Rate from 2024 to 2033 | CAGR of 4.25% |
Largest Market | Asia Pacific |
Fastest Growing Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | Type, Autonomy, Propulsion Type, Autonomous, Size, Geography |
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