Monorail Market Report 2025 (Global Edition)

Global Monorail Market Report 2025 Market Size Split by Type (Straddle, Suspended), by Propulsion type (Electric, Maglev), by Size (Large monorail, Medium monorail, Compact monorail)

Monorail Market Report Description

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Competitive landscape: Monorail Market

The monorail systems market is an intricate arena where a wide range of players use a variety of tactics. While technology disruptors bring new features, established giants make use of their reach and variety of technologies. Low-cost competitors serve consumers on a tight budget, while local leaders dominate particular markets. Market share analysis heavily relies on variables such as technology, capacity, affordability, and integration. Innovative approaches such as lifecycle management, partnerships, smart city integration, and design focus present stimulating prospects for expansion. To thrive in this dynamic industry, companies need to put an emphasis on innovation, address the various needs of cities, adopt sustainable methods, and investigate solutions based on data. They can establish a commanding presence in this dynamic environment by raising their goals with flexibility and foresight.

Top Companies Market Share in Monorail Industry: (In no particular order of Rank)

• CRRC
• Bombardier
• Alstom
• Siemens
• Kawasaki Heavy Industries
• Hitachi
• Mitsubishi Heavy Industries
• Talgo
• General Electric
• Hyundai Rotem
• Construcciones Y Auxiliar De Ferrocarriles
• Skoda Transportation
• Stadler Rail
• Kinki Sharyo
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Which Region will dominate the Market in 2024?

North America is a prominent player in the market and is anticipated to make a substantial revenue contribution. Because of its significant government initiative to reduce the region's carbon footprint and its advancement in technology, the monorail is the preferred mode of mass transit in the area. In 1956, the first monorail to operate in the US began test operations in Houston, Texas.  Later during this period, additional monorails were installed at Walt Disney World in Florida. Within the urban landscape, monorails provide a medium-capacity transport system with a less intrusive infrastructure than an equivalent rail-based system.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific expanding at the fastest CAGR. The majority of ongoing projects are centered in China, India, and the ASEAN nations. India finished building its first monorail project in Mumbai in March 2019; the project was estimated to have cost USD 5019 million. Currently, as Mumbai begins operations at the beginning of this year, other major cities are working to streamline the process for their monorail projects. Delhi, Bangalore, and Kerala have already submitted and received approval for their Detailed Project Reports (DPRs). Furthermore, the region's market is anticipated to grow significantly due to the region's increasing population, rising traffic congestion, and rapid urbanization. 
(Source:https://www.railway-technology.com/projects/mumbai-monorail/)

The current report Scope analyzes Monorail Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Monorail Market Analysis

Monorail Market Type Segment Analysis

• Straddle
• Suspended

Based on the type of monorail it is segmented into straddle and suspended monorail. Straddle-type monorail led the global monorail system market in 2024 owing to its higher capacity of carrying passengers than the suspended type. Straddle-type monorails are therefore the better option for high-frequency and crowded transportation. However, parks, zoos, and other small places with fewer passengers are where the suspended type is most commonly used. Straddle monorail, which uses rubber wheels and precast concrete track beams, is a unique urban rail transit system with great climbing capabilities, a small turning radius, minimal land use, low noise, moderate volume, and low cost.
•    For instance, the production of the first straddle-type monorail train at CRRC Changchun Railway Vehicles Co., Ltd in 2004, the 770 monorail trains it has manufactured delivered a daily average passenger capacity of 1.3 million. During the operation, technicians have accumulated a large amount of operational data and train maintenance experience. 
(Source:https://www.crrcgc.cc/en/g7389/s13996/t290838.aspx)

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Monorail Industry. Request a Free Sample PDF!

Monorail Market PropulsionType Segment Analysis

• Electric 
• Maglev

Based on the propulsion type of monorail it is divided into electric monorail and maglev monorail. Electric monorails dominated the global monorail systems market in 2024. Compared to maglev trains, electric monorails require less time and money to manufacture, which is why they have nearly xx% of the worldwide market. Furthermore, because Maglev trains move much faster than electric monorails, they are not appropriate for short-distance travel such as within metropolitan areas or between cities. While maglev trains can travel at speeds of over 500 km/h, electric monorails can only travel at speeds of 80 to 100 km/h. An electric monorail is a rail-bound form of independent vehicle movement on the rail system that is operated by separate parties. 
•    For instance, Siemens, a German corporation, was awarded a project in January 2021 to build a high-speed electric monorail network that would be tested by the middle of 2024. 
(Source:https://press.siemens.com/global/en/pressrelease/siemens-mobility-finalizes-contract-2000-km-high-speed-rail-system-egypt)

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Monorail Size Segment Analysis

Based on the size of the monorail it is divided into large monorail, small monorail, and compact monorail. From this medium monorail has the highest revenue in 2024 and is expected to dominate the market in 2024. Because the vehicle can travel in a small curve radius, and the tracks are mostly elevated above the road Barrier, so a monorail line, which requires less land use than the traditional rail system, can make better use of limited city space and is suitable for city construction and could effectively reduce unneeded urban demolition

•    For instance, In February 2023, the first medium-capacity monorail train manufactured by CRRC Changchun was introduced in Chongqing, China, on February 10th. This multi-adaptive straddle-type monorail offers excellent climbing ability, a small turning radius, and high environmental adaptability.
(Source:https://www.crrcgc.cc/ckgfen/g8006/s15408/t338350.aspx)

• Large monorail
• Medium monorail
• Compact monorail

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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