Allied Market Research published a report, titled, “Platform Screen Door System Market by Product Type (Full Height, Semi Height and Half Height) and Application (Metro, Airport and Bus Stop): Global Opportunity Analysis and Industry Forecast, 2017–2026.” According to the report, the global platform screen door system market generated $630.00 million in 2017, and is estimated to reach $1.01 billion by 2026, registering a CAGR of 5.2% from 2020 to 2026.
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Platform screen door systems are a type of automatic gates which are installed at different transit stations such as metro stations, bus stop and airports. Platform screen doors installed at these transit stations acts as a barrier between the passengers and the vehicle propulsion area to ensure the safety and security of passengers. Platform screen doors have found a wider application at different transit stations to reduce suicides and several other activities, which can harm an individual.
Increase in infrastructure development and technology upgradation has supplemented the growth of the global platform screen door system market. Different countries have made investments for the installation of platform screen door system at their transit stations. Most of the transit stations have full height platform screen door system installed to reduce the chances of human error while based on the observation; the half height platform screen door system market is expected to register a lucrative growth during the forecast period.
Based on the application, metro stations have a wider application of different types of platform screen door system due to high revenue and are expected to follow the same trend throughout the forecast period. This increased application is due to the need for installation of a safety barrier between the platform and metro to avoid accidents. While based on the observation, application of platform screen door at airports increases the platform screen door system market share.
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The global platform screen door system market has been supplemented by factors such as the rising need for public safety and massive transportation infrastructure developments. Moreover, high capital requirement and refurbishment of existing safety system are the factors that hamper the growth of the global platforms screen door system market. However, rise in demand for safe, secure, & efficient transport system and improvement in railway infrastructure in developing countries are the factors that increase the demand for platform screen doors to be installed at transit stations; thus, leading to the growth of the global platform screen door system market.
Key Findings Of The Study –
By product type, the half-height segment is expected to register a significant growth during the forecast period.
Depending on application, the airport segment is anticipated to exhibit significant growth in the near future.
Depending on the analysis, Asia-Pacific is the highest revenue contributor to the market whereas LAMEA is expected to register a significant growth during the forecast period.
Leading market players-
Shanghai Jiacheng Railway International
Toshi Automatic Systems Pvt. Ltd.
Faiveley Transport
Gilgen Door Systems AG.
Fangda Group
Horton Automatics
Panasonic Corporation
Manusa
Stanley Access Technologies LLC.
Westinghouse Electric Corpora.
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