Platform Screen Door (PSD) Market Size, Share, Growth, and Industry Analysis, By Type (Full-Closed Type & Semi-Closed Type), By Application (Metro & Other Transportation) & Regional Forecast to 2027

Updated On: 15 April 2024

REPORT OVERVIEW

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The global Platform Screen Door (PSD) market size is USD 935.36 million in 2021. As per our research, the market is expected to reach USD 1461.16 million in 2027, exhibiting a CAGR of 7.72% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with Platform Screen Door (PSD) industry experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A safety device used in transportation, particularly in tube and train stations, is called a Platform Screen Door (PSD). It consists of doors or screens that are erected along the platform edge and are transparent or semi-transparent, separating the platform from the rails. PSDs provide as a barrier between platform users and the rails, preventing slips and falls and unauthorized access to the tracks. As a result, there is a substantially lower chance of mishaps like passengers being pushed or falling onto the rails.

Particularly during rush hours or at busy stations, PSDs aid in controlling the flow of people onto and off of trains, ensuring a more orderly boarding and disembarking process. By serving as a sound barrier between the platform and the tracks, PSDs can help reduce noise pollution and make the station more peaceful for passengers. PSDs can be combined with security tools like access control systems or surveillance cameras to improve the station's overall safety and security.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The COVID-19 outbreak caused problems for manufacturers of automotive materials, including unstable markets, a drop in customer confidence, and difficulties with import and export commerce. The sourcing of raw materials, packaging, and distribution are all parts of the global supply chain. Due to lockdowns, moving commodities, labels, and other items has become difficult. In addition to having an immediate influence on markets, supply chains, supply and demand, and all of these other things, it also had a financial impact on the markets for automotive. The pandemic altered the dynamics of the industry, compelling organizations to redesign every aspect of their operational frameworks in order to preserve stability amidst the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall automotive industry. This has partially impacted the Platform Screen Door (PSD) market.

LATEST TRENDS

"Metro Systems to Boost the Market Growth"

The increased adoption of Platform Screen Doors (PSDs) in metro systems is a notable trend in the market. Because of the large number of passengers carried by metro systems, safety is given great attention. In order to dramatically lower the danger of accidents, falls, and purposeful or unintentional track invasions, PSDs place a physical barrier between passengers and the rails. PSDs aid in more effective passenger flow management. To ensure a smooth boarding process, they allow passengers to line behind the doors. This shortens station dwell times and improves the performance of the entire system. The installation of PSDs was one of several upgrading initiatives taking place in metro networks. These solutions aimed to raise safety standards, lessen operational hazards, and enhance the passenger experience. The global market will benefit from these factors. Thus, a key trend that is opening up potential for the industry to grow is the metro systems. These new developments are mostly to blame for the market's overall growth.

SEGMENTATION

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By Types 

Based on type, the market is classified into Full-Closed Type & Semi-Closed Type.

By Application

Based on the market is categorized into Metro & Other Transportation.

DRIVING FACTORS

"Safety and Security that Gives the Market Extra Boost"

Safety and security are paramount in the Platform Screen Door (PSD), driving many aspects of its development and adoption. By avoiding unintentional falls onto railway tracks, PSDs function as an essential safety component. This is particularly crucial in crowded tube and metro systems, where crowded platforms provide a danger. PSDs serve as a barrier, restricting unauthorized access to the tracks and to certain sections inside the stations. As a result, there are fewer accidents and potential security risks because people are discouraged from accessing unsafe regions. By clearly separating the platform from the rails, PSDs aid in controlling passenger flow. By ensuring that passengers wait behind the doors, the possibility of crowding close to the platform edge is diminished. As a result, the growth, and the adoption of safety and security will boost the market. It will contribute to the expansion of the automotive industry and it will improve the overall Platform Screen Door (PSD) market growth.

"Technological Advancement to Encourage Market Expansion"

The factor boosting the Platform Screen Door (PSD) industry expansion is technological advancement. The incorporation of sensors and automation technology has made PSDs smarter. They are able to recognize when trains are arriving and departing, adjusting their opening and closing accordingly. This boosts both effectiveness and security. Train arrivals and departures are coordinated thanks to the growing integration of PSDs with train control and signaling systems. As a result, doors will only open when it is secure. Advanced safety measures including obstacle detection systems, which can stop the doors if an object or person is trapped, are included with PSDs. These safety features are essential for avoiding accidents. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.

RESTRAINING FACTORS

"High Cost to Impede Market Expansion"

The market is being hampered by excessive costs. Particularly in areas with tight resources, the installation of PSDs can be expensive, and this initial capital expenditure might be a major obstacle for transit authorities or operators. This factor is impeding market expansion. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.

REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe "

The market for Platform Screen Door (PSD) is in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the Platform Screen Door (PSD) market share is the growing demand of product in metro & other transportation is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

• Horton Automatics (U.S.)
• Stanley (U.S.)
• Manusa (Spain)
• Westinghouse (U.S.)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost Platform Screen Door (PSD) share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.