Monorail System Market Size, Share, and Trends 2024 to 2034

The global monorail system market size is calculated at USD 6.94 billion in 2025 and is forecasted to reach around USD 10.13 billion by 2034, accelerating at a CAGR of 4.25% from 2025 to 2034. The Asia Pacific monorail system market size surpassed USD 2.69 billion in 2024 and is expanding at a CAGR of 4.50% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1004
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Monorail System Market 

5.1. COVID-19 Landscape: Monorail System Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Monorail System Market, By Type

8.1. Monorail System Market, by Type

8.1.1. Straddle Monorail

8.1.1.1. Market Revenue and Forecast

8.1.2. Suspended Monorail

8.1.2.1. Market Revenue and Forecast

Chapter 9. Global Monorail System Market, By Autonomy

9.1. Monorail System Market, by Autonomy

9.1.1. Semi-autonomous

9.1.1.1. Market Revenue and Forecast

9.1.2. Completely Autonomous

9.1.2.1. Market Revenue and Forecast

9.1.3. Manual

9.1.3.1. Market Revenue and Forecast

Chapter 10. Global Monorail System Market, By Propulsion Type 

10.1. Monorail System Market, by Propulsion Type

10.1.1. Electric Monorail

10.1.1.1. Market Revenue and Forecast

10.1.2. Maglev Monorail

10.1.2.1. Market Revenue and Forecast

Chapter 11. Global Monorail System Market, By Autonomous

11.1. Monorail System Market, by Autonomous

11.1.1. GoA0

11.1.1.1. Market Revenue and Forecast

11.1.2. GoA1

11.1.2.1. Market Revenue and Forecast

11.1.3. GoA2

11.1.3.1. Market Revenue and Forecast

11.1.4. GoA3

11.1.4.1. Market Revenue and Forecast

11.1.5. GoA4

11.1.5.1. Market Revenue and Forecast

Chapter 12. Global Monorail System Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Type

12.1.2. Market Revenue and Forecast, by Autonomy

12.1.3. Market Revenue and Forecast, by Propulsion Type

12.1.4. Market Revenue and Forecast, by Size

12.1.5. Market Revenue and Forecast, by Autonomous

12.1.6. U.S.

12.1.6.1. Market Revenue and Forecast, by Type

12.1.6.2. Market Revenue and Forecast, by Autonomy

12.1.6.3. Market Revenue and Forecast, by Propulsion Type

12.1.6.4. Market Revenue and Forecast, by Size

12.1.6.5. Market Revenue and Forecast, by Autonomous 

12.1.7. Rest of North America

12.1.7.1. Market Revenue and Forecast, by Type

12.1.7.2. Market Revenue and Forecast, by Autonomy

12.1.7.3. Market Revenue and Forecast, by Propulsion Type

12.1.7.4. Market Revenue and Forecast, by Size

12.1.7.5. Market Revenue and Forecast, by Autonomous

12.2. Europe

12.2.1. Market Revenue and Forecast, by Type

12.2.2. Market Revenue and Forecast, by Autonomy

12.2.3. Market Revenue and Forecast, by Propulsion Type

12.2.4. Market Revenue and Forecast, by Size 

12.2.5. Market Revenue and Forecast, by Autonomous 

12.2.6. UK

12.2.6.1. Market Revenue and Forecast, by Type

12.2.6.2. Market Revenue and Forecast, by Autonomy

12.2.6.3. Market Revenue and Forecast, by Propulsion Type

12.2.7. Market Revenue and Forecast, by Size 

12.2.8. Market Revenue and Forecast, by Autonomous 

12.2.9. Germany

12.2.9.1. Market Revenue and Forecast, by Type

12.2.9.2. Market Revenue and Forecast, by Autonomy

12.2.9.3. Market Revenue and Forecast, by Propulsion Type

12.2.10. Market Revenue and Forecast, by Size

12.2.11. Market Revenue and Forecast, by Autonomous

12.2.12. France

12.2.12.1. Market Revenue and Forecast, by Type

12.2.12.2. Market Revenue and Forecast, by Autonomy

12.2.12.3. Market Revenue and Forecast, by Propulsion Type

12.2.12.4. Market Revenue and Forecast, by Size

12.2.12. Market Revenue and Forecast, by Autonomous

12.2.13. Rest of Europe

12.2.13.1. Market Revenue and Forecast, by Type

12.2.13.2. Market Revenue and Forecast, by Autonomy

12.2.13.3. Market Revenue and Forecast, by Propulsion Type

12.2.13.4. Market Revenue and Forecast, by Size

12.2.14. Market Revenue and Forecast, by Autonomous

12.3. APAC

12.3.1. Market Revenue and Forecast, by Type

12.3.2. Market Revenue and Forecast, by Autonomy

12.3.3. Market Revenue and Forecast, by Propulsion Type

12.3.4. Market Revenue and Forecast, by Size

12.3.5. Market Revenue and Forecast, by Autonomous

12.3.6. India

12.3.6.1. Market Revenue and Forecast, by Type

12.3.6.2. Market Revenue and Forecast, by Autonomy

12.3.6.3. Market Revenue and Forecast, by Propulsion Type

12.3.6.4. Market Revenue and Forecast, by Size

12.3.7. Market Revenue and Forecast, by Autonomous

12.3.8. China

12.3.8.1. Market Revenue and Forecast, by Type

12.3.8.2. Market Revenue and Forecast, by Autonomy

12.3.8.3. Market Revenue and Forecast, by Propulsion Type

12.3.8.4. Market Revenue and Forecast, by Size

12.3.9. Market Revenue and Forecast, by Autonomous

12.3.10. Japan

12.3.10.1. Market Revenue and Forecast, by Type

12.3.10.2. Market Revenue and Forecast, by Autonomy

12.3.10.3. Market Revenue and Forecast, by Propulsion Type

12.3.10.4. Market Revenue and Forecast, by Size

12.3.10.5. Market Revenue and Forecast, by Autonomous

12.3.11. Rest of APAC

12.3.11.1. Market Revenue and Forecast, by Type

12.3.11.2. Market Revenue and Forecast, by Autonomy

12.3.11.3. Market Revenue and Forecast, by Propulsion Type

12.3.11.4. Market Revenue and Forecast, by Size

12.3.11.5. Market Revenue and Forecast, by Autonomous

12.4. MEA

12.4.1. Market Revenue and Forecast, by Type

12.4.2. Market Revenue and Forecast, by Autonomy

12.4.3. Market Revenue and Forecast, by Propulsion Type

12.4.4. Market Revenue and Forecast, by Size

12.4.5. Market Revenue and Forecast, by Autonomous

12.4.6. GCC

12.4.6.1. Market Revenue and Forecast, by Type

12.4.6.2. Market Revenue and Forecast, by Autonomy

12.4.6.3. Market Revenue and Forecast, by Propulsion Type

12.4.6.4. Market Revenue and Forecast, by Size

12.4.7. Market Revenue and Forecast, by Autonomous

12.4.8. North Africa

12.4.8.1. Market Revenue and Forecast, by Type

12.4.8.2. Market Revenue and Forecast, by Autonomy

12.4.8.3. Market Revenue and Forecast, by Propulsion Type

12.4.8.4. Market Revenue and Forecast, by Size

12.4.9. Market Revenue and Forecast, by Autonomous

12.4.10. South Africa

12.4.10.1. Market Revenue and Forecast, by Type

12.4.10.2. Market Revenue and Forecast, by Autonomy

12.4.10.3. Market Revenue and Forecast, by Propulsion Type

12.4.10.4. Market Revenue and Forecast, by Size

12.4.10.5. Market Revenue and Forecast, by Autonomous

12.4.11. Rest of MEA

12.4.11.1. Market Revenue and Forecast, by Type

12.4.11.2. Market Revenue and Forecast, by Autonomy

12.4.11.3. Market Revenue and Forecast, by Propulsion Type

12.4.11.4. Market Revenue and Forecast, by Size

12.4.11.5. Market Revenue and Forecast, by Autonomous

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Type

12.5.2. Market Revenue and Forecast, by Autonomy

12.5.3. Market Revenue and Forecast, by Propulsion Type

12.5.4. Market Revenue and Forecast, by Size

12.5.5. Market Revenue and Forecast, by Autonomous

12.5.6. Brazil

12.5.6.1. Market Revenue and Forecast, by Type

12.5.6.2. Market Revenue and Forecast, by Autonomy

12.5.6.3. Market Revenue and Forecast, by Propulsion Type

12.5.6.4. Market Revenue and Forecast, by Size

12.5.7. Market Revenue and Forecast, by Autonomous

12.5.8. Rest of LATAM

12.5.8.1. Market Revenue and Forecast, by Type

12.5.8.2. Market Revenue and Forecast, by Autonomy

12.5.8.3. Market Revenue and Forecast, by Propulsion Type

12.5.8.4. Market Revenue and Forecast, by Size

12.5.8.5. Market Revenue and Forecast, by Autonomous

Chapter 13. Company Profiles

13.1. Bombardier Corporation

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. CRRC Corporation Limited

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Hitachi Rail

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Ansaldo STS

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. BYD Company ltd

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. General Electric

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Alstom S.A.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Thales Group

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. SIEMENS AG

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Mitsubishi Electric

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

The global monorail system market size is expected to grow from USD 6.68 billion in 2024 to USD 10.13 billion by 2034.

The monorail system market is anticipated to grow at a CAGR of 4.25 % between 2025 and 2034.

The major players 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.

The major facators driving the monorail systems market are increasing demand for reliable transport, environmental sustainability, and rising traffic congestion have triggered the demand for clean and voluminous transport system.

Electric monorails dominated the global monorail systems market in 2023.

The reference links are thehighroadfoundation.org, springer.

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