Persistence Market Research has released a new market research study on the Platform Screen Doors market, which includes 2014-2018 Global Industry Analysis and 2019-2029 Forecast. The report studies the global Platform Screen Doors market and offers in-depth analysis for the next ten years. The Global Platform Screen Doors Market report contains essential macroeconomic and forecast factors that are expected to drive the growth of the global Screen Platform Doors market. The Screen Door Market report also discusses the restraints expected to hamper the global market along with the potential opportunities and the latest market trends along the value chain.
The Global Platform Screen Doors Market has been valued at ~ US $ 600 million in 2014, and is expected to exceed US $ 800 million by the end of 2019. The Platform Screen Doors market is expected to grow at a CAGR of ~ 7% between 2019 and 2029, and is expected to reach an overall value of ~ US $ 1,700 million by the end of 2029.
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New metro stations to lead the way in the screen door market
By product type, the global screen platform door market is segmented into half-height, half-height, and full-height. Full height platform screen doors are only used for underground metro stations. However, half-height type screen doors can also be installed in underground metro stations, however, they are not as effective as full height platform type screen doors because they do not completely cover the station up to the floor. on the ceiling. In addition, for elevated metro stations, half-height type screen doors can allow passengers to enter the metro train.
By type of station, the screen door market is segmented into new metro stations and old metro stations. The new segment of metro stations is believed to dominate the global market due to a rapid increase in the number of metro projects around the world. The purpose of installing screen platform doors is to ensure passenger safety. To do this, the railway ministries of different countries are installing mosquito net doors in the old metro stations. However, half-height platform type screen doors are mainly installed in older metro stations because their cost is lower than full height and half height platform screen doors.
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By Platform Type, the global screen platform door market is segmented into one platform, two platforms, and more than two platforms. The dual platform screen door segment is expected to dominate throughout the forecast period. For these types of platforms, PMR has assumed that the PSD doors are only installed on one side of the platforms.
By region, the Screen Door market has been segmented into seven regions namely North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East and Africa. In these regions, East Asia and Europe are expected to grow with a prime share in the global screen door platform market during the stipulated period. However, North America and South Asia also represent healthy potential for the platform patio door market due to the growing awareness of automated metro trains. Interestingly, screen platform doors are mainly used for automated metro trains.
Emerging players expected to account for 30% of revenue share
The global Screen Door Platforms market is characterized as consolidated due to the presence of limited number of Screen Door Platform manufacturers across the globe. For an in-depth analysis, PMR has broken down the market structure into three levels: Tier 1, Tier 2 and Tier 3. Here, it is estimated that emerging players represent a 30% share the global market and generate ~ US $ 200 million income from the sale of screen doors around the world. In addition, the major players in the global market are adopting expansion, acquisition and collaboration strategies with the aim of gaining a significant share of the global market.
In 2018, Knorr-Bremse AG acquired 100% know-how and intellectual property rights of Federal-Mogul rail vehicle systems to develop and produce friction materials
In 2018, Singapore Technologies Engineering Ltd. has created a new subsidiary dedicated to electronic components in China, in order to provide better local support for its metro rail and intelligent transport projects
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Some of the major players identified throughout the value chain of the Global Screen Door Market include:
- Nabtesco Corporation
- Nanjing Kangni Mechanical & Electrical Co., Ltd.
- Zhuzhou CRRC Times Electric Co., Ltd.
- Knorr-Bremse AG
- Nippon Signal Co., Ltd.
- Kyosan Electric Manufacturing Co., Ltd.
- Overhead Door Corporation
- Westinghouse Air Brake Technologies Corp (Wabtec Corporation)
- Samjung Tech Co., Ltd.
- Singapore Technologies Engineering Ltd
- Schaltbau Holding AG
- Shanghai Jiacheng Railway Transport Security System Co., Ltd.
- Stanley Access Technologies LLC
- Sai Synergy LLP
- NRT Corp.
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