Market Overview:
Automatic platform screen doors, also known as platform edge doors, are automatic glass or steel doors installed at the edge of train platforms to prevent passengers from falling onto the tracks. They provide safety, allow controlled access, and reduce noise pollution at stations. Key applications include metro systems, airports, and commercial buildings with high footfall. They comprise a series of transparent sliding doors or polycarbonate boards equipped with sensors and are synchronized to open and close only when a train stops at the station.
The automatic platform screen doors market is estimated to be valued at US$ 13217.13 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The automatic platform screen doors market is primarily driven by rapid urbanization leading to rising metro and rail infrastructure development worldwide. According to United Nations projections, nearly 68% of the global population will live in urban areas by 2050, up from 55% in 2018. This is prompting governments and transit authorities to invest heavily in expanding metro and subway networks to accommodate the growing numbers of daily commuters. Furthermore, rising personal disposable incomes are encouraging people to switch from personal vehicles to public transport, generating more demand for advanced safety solutions at railway stations. However, the high initial installation and maintenance costs of automatic screen doors pose a challenge for widespread adoption.
SWOT Analysis
Strengths:
- Automatic platform screen doors provide enhanced safety on public transportation platforms by preventing passengers from falling onto train tracks. They minimize accidents.
- They provide weather protection and allow smooth flow of passenger traffic by segmenting the platform area.
- Modern APSS utilize advanced sensors and controls for seamless operation with minimal noise or disruption.
Weaknesses:
- High initial capital costs are involved in procurement and installation of automatic platform screen door systems. This can be a barrier for many public transit authorities.
- Complex synchronization is required between train operations and APSS movements. Any technical glitches can lead to delays or disruptions.
Opportunities:
- Growing investments in rapid transit systems and metros across major cities worldwide present a big opportunity for APSS manufacturers.
- Increasing focus on passenger safety and modernization of existing transit networks also drives the need for APSS upgrades.
Threats:
- Price wars among established players can squeeze profit margins for companies.
- Political uncertainty and economic slowdowns in key regions pose challenges for consistent demand growth.
Key Takeaways
The Global Automatic Platform Screen Doors Market Size is expected to witness high growth, exhibiting a CAGR of 7.4% over the forecast period, due to increasing investments in metro and rapid transit projects worldwide. China, India, and countries across Southeast Asia are witnessing massive infrastructure development which promotes the APSS market.
Regional analysis: Asia Pacific dominated the global APSS market in 2023 with a share of over 40%, led by China and India. These countries are estimated to continue leading the regional market owing to ongoing expansions in their metro networks. Europe and North America are also relatively mature markets for APSS due to well-developed public transportation systems.
Key players: Key players operating in the Automatic Platform Screen Doors market include KTK, Shanghai Electric, Westinghouse, Jiacheng, Kangni, Horton Automatics, Nabtesco, Stanley, Fangda, Faiveley, Manusa, and Panasonic. The market remains fairly consolidated with these top players controlling a major portion of the overall business. Continuous technological upgrades and expansion into new geographic territories remain key strategies adopted by companies.
Read More Insights Here
The new research report titled "Platform Screen Doors Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the platform screen doors (psd) market include Faiveley Transport, Gilgen Door Systems AG, Fangda Group, Manusa, Horton Automatics, Jiacheng Railway International, Panasonic Corporation, Toshi Automatic Systems Pvt.
Ltd ,Stanley Access Technologies L, C. and Westinghouse Electric Corporation.S.
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The Report published on UpMarketResearch.com about “Platform Screen Doors (PSD) Market” is spread across 140 pages and provides newest industry data, market future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
The industry report lists and studies the leading competitors, also provides the insights with strategic industry Analysis of the key factors influencing the marketPlatform Screen Doors (PSD) Market Research Report is a professional and in-depth study on the current state which focuses on the major drivers and restraints for the key players.
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