Automatic Platform Gates Market Automatic Platform Gates, Half Height Open Automatic Platform Gates…) By Application (Subway, Tram, Others,), Regional Forecast To 2031

Updated On: 08 April 2024

Automatic Platform Gates Market Report Overview

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The global Automatic Platform Gates market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

A sort of barrier called a platform screen door system is built at transit stations and serves to separate passengers from the transit space, such as platforms or airport runways. Platform screen door systems are designed to give passengers protection and security, while lowering the possibility of mishaps brought on by human interaction. These are a brand-new addition to transit stations all around the world, and improvements are constantly being made to the platform screen door system to lessen accidents. Companies all over the world have made several advancements for the introduction of modern platform screen doors, which promotes its widespread usage. Platform screen doors find expanded applications as a result of the expansion of the railway and other infrastructure, which also contributes to the expansion of the market for platform screen door systems globally.

COVID-19 Impact: COVID 19 Suspends Manufacturing In Order To Slow Expansion

The COVID 19 epidemic has a negative influence on the market. The need for additional safety equipment to be produced or installed in vehicles has drastically diminished as a result of the worldwide shutdown of production facilities and strict social distancing norms in force. The trade and industrial sector has been significantly impacted by the COVID 19 epidemic. Manufacturing is identifying its sales channels and launching new items as a way to recover from the current position. Determining the pandemic's overall impact still heavily depends on how long the virus propagated. The COVID-19 epidemic will result in negative growth for the Automated Platform Screen Doors Market from 2020 to 2027. This is a fantastic chance to distinguish truth from fiction and purposeful emotion and to give decision-makers trustworthy knowledge and expertise.

Latest Trends

"Increased Need For Public Safety"

The accessibility and efficiency of the air, land, and other transportation networks are intended to promote international trade and travel. Yet, the government has implemented new technology and techniques to assure public safety in response to the rise in accident rates, antisocial conduct, and other concerns. It has become imperative to discover safer, more affordable, and workable alternatives as well as to upgrade the system and reactions for catastrophic assaults. This attribute gives the market's expansion more momentum and presents the worldwide platform screen door system market with fruitful expansion prospects.

Automatic Platform Gates Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Full Height Closed Automatic Platform Gates, Half Height Open Automatic Platform Gates. Full Height Closed Automatic Platform Gates is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Subway, Tram, Others. Subway will be the dominating segment.

Driving Factors

"Improved Security And Transportation Infrastructure Propel The Market Growth"

The need for public safety is on the rise, and there have been significant investments in transportation infrastructure, which have helped to support the worldwide platform screen door system market. The demand for platform screen doors to be installed at transit stations, however, is increasing due to the need for safe, secure, and efficient transportation systems, as well as improvements in the rail infrastructure in developing nations. This is what is fueling the expansion of the global platform screen door system market.

Governments all across the world are working to enhance their nations' transportation infrastructure and safety and security measures. By different contracts and agreements carried out by leading manufacturers, this increased attention has allowed countless countries to modernise their current safety and security system. In order to protect the safety and security of the passengers, transit station upgrades are now being carried out all over the world. These upgrades include the installation of an autonomously operated platform screen door system. For instance, the government expects to install a platform screen door system at every station by the end of 2021, despite the fact that platform screen doors are already present at transit stations in Brazil. Moreover, platform screen doors are now being placed at Greece's driverless metro lines, and they should be finished by November 2020. This accelerates the adoption of these technologies, which supports the expansion of the worldwide market.

Restraining Factors

"High Capital Expenditure"

Due to the increased usage of public transportation as a means of reducing traffic jams and because it is the most affordable and secure method of transportation, transportation may be seen as a facilitator of economic growth. The capital-intensive nature of the platform screen door system industry, however, is a major inhibitor because installation is quite expensive. To decrease accidents and suicides, for instance, Indian Railway chose to install a platform screen door system at the stations of the Maharashtra metro in 2018. The estimated total cost of this budget was $26.10 million. This shows that constructing and maintaining a safety network requires significant financial resources, which is anticipated to impede market expansion. Moreover, a high capital need and the need to upgrade the current safety system are restraints on the development of the worldwide platforms screen door system market.

Automatic Platform Gates Market Regional Insights

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"Boosting Digitization To Support North American Growth"

Over the projected period, North America is anticipated to have the largest market share for automated platform screen doors. Platform screen door demand and sales are anticipated to rise in these areas over the projection period as a result of the adoption of technologically improved goods, the growing digitization of present metro train passenger density, and these factors. The automatic platform screen door market is dominated by North America and Europe, and North America will continue to lead over the forecast period.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Nabtesco (Japan)
• Nanjing Kangni Mechanical & Electrical (China)
• Faiveley (Wabtec) (Pennsylvania)
• China Fangda Group (China)
• Jiacheng (China)
• Panasonic (Japan)
• Horton Automatics (Canada)
• Stanley (U.S.)
• Shanghai Electric (Japan)
• Westinghouse(Knorr-Bremse) (Germany)
• KTK Group (China)
• Manusa (Spain)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.