모노레일 시스템 시장 평가 : 모노레일 유형별, 기술 유형별, 용량별, 지역별, 기회, 예측(2018-2032년)

Global monorail systems market is projected to witness a CAGR of 5.45% during the forecast period 2025-2032, growing from USD 7.01 billion in 2024 to USD 10.72 billion in 2032F. The global monorail systems market is growing due to rising urbanization, growing demand for environmentally friendly transportation solutions, and rising government interest in mass transit, coupled with high-capacity public transportation infrastructure. With urban areas all over the world facing congestion and environmental loss, monorails are proving to be a strategic mobility solution, promoting high-level transit efficiency at low land displacement cost. Their raised compact form and capacity to be easily incorporated into high-density urban settings without increasing carbon footprints are ideal for global sustainability projects and smart city strategies, thus making them a great investment vehicle for city governments.

Technological innovations are making monorails increasingly appealing, with automated control systems, optimal propulsion systems, and advanced predictive maintenance functions further adding to their potential to deliver accurate scheduling and lower operating costs. Integrating IoT-based monitoring systems and contactless payment systems is making monorails intelligent mobility nodes in larger digital transit networks. Straddle-type monorails are leading market adoption in the present scenario because of their small footprint, strength, and very high degree of flexibility to handle complex urban topographies.

Regionally, Asia-Pacific is in a leading position worldwide in terms of deployment, driven by high-speed infrastructure enhancements in China, India, and Japan, where monorails are being used as feeders for developed metro networks. At the same time, the emerging markets in Africa and the Middle East offer huge untapped potential as they improve their urban transit infrastructure into an advanced system. The market is supported by effective public-private partnerships that accelerate project implementation as well as maximize capital efficiency, highlighting the potential of monorails in transforming sustainable urban mobility models for the next generation.

For instance, in October 2024, Egypt began trial runs of its UK-funded monorail, featuring Alstom's Innovia 300 system in Cairo's New Capital City. This project marks a key step in Egypt's shift toward sustainable urban transport.

New Emerging Markets Drive the Global Market

Growing economies are driving monorail adoption to tackle urbanization issues and infrastructure gaps. Governments in Southeast Asia, the Middle East, South America, and Africa are developing monorails to support transit systems without needing large land parcels. Governments require monorails for their economic efficiency in overpopulated cities and the capacity to connect different peripheries with economic centers. Projects such as Saudi NEOM and Nigerian urban renewal programs are indicative of this trend, incorporating monorails into the larger smart city systems. Countries are tapping international funds to boost their infrastructure, working alongside international engineering contractors to implement innovative systems. A concentration on efficient, expandable transit systems positions monorails as pillars of new urban economies, connecting economies while reducing the environmental footprint.

For instance, in August 2024, the first of 19 seven-car monorail trainsets, manufactured by CRRC Puzhen Alstom Transportation Systems for Sao Paulo's Line 15-Silver, was unveiled at the company's facility in Wuhu, China. The few trainsets are scheduled for phased delivery, with completion expected by 2026.

Upgrading Urban Mobility Drives the Global Market

Cities worldwide are modernizing public transit infrastructure, replacing outdated systems with efficient monorails that reduce congestion and improve mobility. Cities across the globe are upgrading public transit infrastructure, trading in aged systems for monorails that boost efficiency and ease congestion. Monorails' raised layout reduces land conflicts, perfect for retrofitting within existing urban, congested cities. Integrating with the metro, bus rapid transit, and ride-sharing options creates multimodal networks, maximizing commuter satisfaction. Innovative functions such as real-time monitoring and contactless payment systems align with smart city ambitions, maximizing user engagement. European and North American cities use monorails to redevelop downtown centers and bridge transit deserts, while Asian megacities extend networks to cope with population density. Such an upgrade cycle reflects a global trend toward flexible, future-oriented transit solutions balancing capacity, sustainability, and technological sophistication.

For instance, in October 2024, Saudi Arabia's King Abdullah Financial District Development and Management Company (KAFD DMC) signed a deal with a consortium led by CRRC Nanjing Puzhen and Hassan Allam Construction to build a 3.6 km monorail in Riyadh, enhancing urban mobility in the King Abdullah Financial District.

Straddle Monorail Leads the Market

Straddle monorails lead the market because of their operational flexibility and space efficiency. Their configuration-trains riding above a single elevated beam-minimizes land use essential in congested city spaces. The arrangement allows for sharp radius turns and steep inclines, suitable for intricate city layouts. Improved safety features, such as enclosed tracks and automated detection of obstacles, resonate with cities that value passenger safety. Cities such as Sao Paulo and Chongqing demonstrate exemplary straddle monorail integration, efficiently moving large numbers of passengers reliably. Straddle systems are continuously developed by manufacturers using light materials and regenerative braking, improving energy efficiency. The segment's flexibility to serve both mass transit and niche markets, including airport connectors, solidifies its dominance in the monorail system.

For instance, in December 2024, the passenger rapid transit monorail vehicles for Chongqing Jiangbei International Airport officially rolled off the production line at Chongqing Zhongche Changke Railway Vehicles Co., Ltd. in Liangjiang New Area. This milestone marks the world's first customized straddle-type monorail system designed specifically for airport transit applications.

Asia-Pacific Acquires the Highest Market Share

Asia-Pacific dominates the largest monorail market share, driven by China, India, and Japan's push for aggressive infrastructure development. Monorails are the choice of secondary transit corridors through China's huge urban rail development and India's metro-focused urbanization schemes. Precision engineering capabilities of Japan as a technology exporter drive it, while Thailand and Indonesia invest in monorails to cut traffic jams. Government initiatives, such as India's "Smart Cities Mission," integrate monorails into urban planning. The region's population explosion and economic upswing need expandable transport systems, with monorails offering cost-effective subterranean substitutes. Public-private partnerships between governments and global firms spur rollout, solidifying Asia Pacific's position at the vanguard of worldwide monorail use.

For instance, it is reported that from August 2025, in India, Mumbai Monorail operated 18 trains, effectively halving passenger wait times and improving service quality. This upgrade coincides with the planned July 2025 commissioning of the Mumbai Metro 3 underground line, which will feature a crucial interchange with the monorail at Jacob Circle/Mahalaxmi station. The improved connectivity and reduced intervals are anticipated to substantially boost monorail ridership, revitalizing the system's operational performance and passenger appeal.

Impact of U.S. Tariffs on the Global Monorail System Market

U.S. tariffs on steel and aluminum imports elevate costs for monorail manufacturers reliant on these materials, prompting supply chain recalibration. Domestic producers face pressure to source locally, potentially delaying projects and inflating budgets. Conversely, tariffs stimulate innovation in alternative materials such as composite alloys and recycled steel, enhancing sustainability. International suppliers may establish North American manufacturing hubs to circumvent duties, fostering regional industry growth. However, increased component costs could deter municipal investments in new projects, particularly in budget-constrained regions. Long-term, tariffs may accelerate technological self-reliance, with U.S. firms prioritizing proprietary manufacturing techniques. The policy underscores the need for diversified supply chains and resilient procurement strategies in the monorail sector.

Key Players Landscape and Outlook

The market features global engineering giants competing with regional specialists to attain the largest market share and gain the competitive edge globally. Leaders differentiate through patented propulsion technologies and turnkey project delivery capabilities. Sustainability-focused innovators prioritize energy-efficient systems, while startups disrupt with AI-driven predictive maintenance solutions. Competitive intensity centers on securing government contracts and demonstrating lifecycle cost advantages. Asian firms leverage cost competitiveness and rapid deployment capabilities, whereas European players emphasize precision engineering and safety certifications. Mergers, such as Siemens' acquisition of Alstom's rail division, are reshaping market dynamics, emphasizing vertical integration. Intellectual property in automated control systems and modular design emerges as a key battleground.

For instance, in December 2023, Alstom SA, a global leader in smart and sustainable mobility, announced it to start the trial passenger service for Bangkok's MRT Pink Line. Inaugurated by the Thailand government on 21 November 2023, the line offered free public trials until 30 December 2023, with full revenue service expected to begin on 31 December 2023. The Northern Bangkok Monorail Company Limited awarded Alstom the contract in 2017 to deliver the turnkey Innovia monorail system for the Pink Line. Alstom also supplied the monorail system for Bangkok's operational MRT Yellow Line, launched in July 2023.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of U.S. Tariffs

4. Executive Summary

5. Voice of Customers

• 5.1. Respondent Demographics
• 5.2. Brand Awareness
• 5.3. Factors Considered in Purchase Decisions
• 5.4. Unmet Needs

6. Global Monorail Systems Market Outlook, 2018-2032F

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Monorail Type
    • 6.2.1.1. Straddle Monorail
    • 6.2.1.2. Suspended Monorail
  • 6.2.2. By Technology Type
    • 6.2.2.1. Electric Monorail
    • 6.2.2.2. Maglev Monorail
  • 6.2.3. By Capacity
    • 6.2.3.1. Low Capacity
    • 6.2.3.2. Medium Capacity
    • 6.2.3.3. High Capacity
  • 6.2.4. By Region
    • 6.2.4.1. North America
    • 6.2.4.2. Europe
    • 6.2.4.3. Asia-Pacific
    • 6.2.4.4. South America
    • 6.2.4.5. Middle East and Africa
  • 6.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 6.3. Market Map Analysis, 2024
  • 6.3.1. By Monorail Type
  • 6.3.2. By Technology Type
  • 6.3.3. By Capacity
  • 6.3.4. By Region

7. North America Monorail Systems Market Outlook, 2018-2032F

• 7.1. Market Size Analysis & Forecast
  • 7.1.1. By Value
• 7.2. Market Share Analysis & Forecast
  • 7.2.1. By Monorail Type
    • 7.2.1.1. Straddle Monorail
    • 7.2.1.2. Suspended Monorail
  • 7.2.2. By Technology Type
    • 7.2.2.1. Electric Monorail
    • 7.2.2.2. Maglev Monorail
  • 7.2.3. By Capacity
    • 7.2.3.1. Low Capacity
    • 7.2.3.2. Medium Capacity
    • 7.2.3.3. High Capacity
  • 7.2.4. By Country Share
    • 7.2.4.1. United States
    • 7.2.4.2. Canada
    • 7.2.4.3. Mexico
• 7.3. Country Market Assessment
  • 7.3.1. United States Monorail Systems Market Outlook, 2018-2032F*
    • 7.3.1.1. Market Size Analysis & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share Analysis & Forecast
      • 7.3.1.2.1. By Monorail Type
        • 7.3.1.2.1.1. Straddle Monorail
        • 7.3.1.2.1.2. Suspended Monorail
      • 7.3.1.2.2. By Technology Type
        • 7.3.1.2.2.1. Electric Monorail
        • 7.3.1.2.2.2. Maglev Monorail
      • 7.3.1.2.3. By Capacity
        • 7.3.1.2.3.1. Low Capacity
        • 7.3.1.2.3.2. Medium Capacity
        • 7.3.1.2.3.3. High Capacity
  • 7.3.2. Canada
  • 7.3.3. Mexico

All segments will be provided for all regions and countries covered

8. Europe Monorail Systems Market Outlook, 2018-2032F

• 8.1. Germany
• 8.2. France
• 8.3. Italy
• 8.4. United Kingdom
• 8.5. Russia
• 8.6. Netherlands
• 8.7. Spain
• 8.8. Turkey
• 8.9. Poland

9. Asia-Pacific Monorail Systems Market Outlook, 2018-2032F

• 9.1. India
• 9.2. China
• 9.3. Japan
• 9.4. Australia
• 9.5. Vietnam
• 9.6. South Korea
• 9.7. Indonesia
• 9.8. Philippines

10. South America Monorail Systems Market Outlook, 2018-2032F

• 10.1. Brazil
• 10.2. Argentina

11. Middle East and Africa Monorail Systems Market Outlook, 2018-2032F

• 11.1. Saudi Arabia
• 11.2. UAE
• 11.3. South Africa

12. Porter's Five Forces Analysis

13. PESTLE Analysis

14. Market Dynamics

• 14.1. Market Drivers
• 14.2. Market Challenges

15. Market Trends and Developments

16. Case Studies

17. Competitive Landscape

• 17.1. Competition Matrix of Top 5 Market Leaders
• 17.2. SWOT Analysis for Top 5 Players
• 17.3. Key Players Landscape for Top 10 Market Players
  • 17.3.1. Scomi Group Bhd
    • 17.3.1.1. Company Details
    • 17.3.1.2. Key Management Personnel
    • 17.3.1.3. Key Products Offered
    • 17.3.1.4. Financials (As Reported)
    • 17.3.1.5. Key Market Focus and Geographical Presence
    • 17.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 17.3.2. CRRC Corporation Limited
  • 17.3.3. Hitachi Rail Limited
  • 17.3.4. Alstom SA
  • 17.3.5. Mitsubishi Heavy Industries, Ltd
  • 17.3.6. BYD Europe B.V.
  • 17.3.7. Intamin Transportation Ltd.
  • 17.3.8. Aerobus International, Inc.
  • 17.3.9. Kawasaki Heavy Industries, Ltd.
  • 17.3.10. China Railway Construction Corporation

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

18. Strategic Recommendations

19. About Us and Disclaimer