The cable car & ropeways market was valued at US$ 2,689.4 million in 2016 and is projected to reach US$ 6,744.4 million by 2025, Cable transportation systems includes use of cables, to travel from one end to another, especially at places with high altitudes. Ropeways are generally used as a public transportation systems used for carriage of goods & passengers in cities as well as in mountain resorts. A wide range of types of cable cars & ropeways are available including aerial tramway, draglifts, gondolas, inclined lifts, chairlifts, and others. Conventionally, applications of cable cars & ropeways was limited to transportation across mountains, rivers, or other geographically challenged areas. However, these are being adopted as a viable mode of transport among cities, especially in smart cities, to make intra- & inter-city transport safer and easier.
The major factor driving growth of cable cars and ropeways market, is growing investments by various governments in tourism sector. These cable cars & ropeways can be used as a convenient way of transportation. The adoption of cable cars & ropeways in cities is in its initial phase and the acceptance of such mode transportation in cities is still under debate, owing to high-costs associated with installations & maintenance and need of consistent monitoring. Furthermore, hesitance among individuals in cities to consider these airlifts as a standard mode of transport, lack of investments in infrastructure development in emerging economies, stringent safety norms, and technological restraints hamper adoption of car cables & ropeways. However, the market is projected to witness high demand in material handling industry during the forecast period.
Key features of the study:
This report provides in-depth analysis of cable car & ropeways, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global cable car & ropeways market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, cable car & ropeways market capital, key developments, strategies, and future plans
Companies covered as part of this study include Doppelmayr/Garaventa Group, Leitner S.p.A., POMA Group, Bartholet Maschinenbau AG (BMF), Nippon Cable Co., Ltd., Damodar Ropeways & Infra Ltd., Bullwheel International Cable Car Corp., Vergokan, Dubrovnik cable cars, Kreischberg: Cableways, Syneron Medical Ltd., and Venus Concept Canada Corp.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
The global cable car & ropeways market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global cable car & ropeways market