The Cable Cars and Ropeways Market Size was valued at USD 4.3 Million in 2023 and is expected to reach USD 10.27 Million by 2031 and grow at a CAGR of 11.5% over the forecast period 2024-2031.
A cable car, ropeway, or aerial tramway is a mode of transportation that relies on one or two stationary ropes for support and a third moving rope for propulsion. Cable cars are a type of streetcar that travel above ground and are supported by a single or numerous cables made of metal. The installation of cable cars and ropeways are done with the intention of their continued use in the long-term operation of ski sports, the tourism industry, the handling of man and material, and urban transportation. There are numerous varieties of cable cars, including aerial tramways, chair lifts, material ropeways, surface lifts, funicular ropeways, gondola lifts, and incline lifts. Some of these cable cars even have their own unique names. It's possible that different kinds of cable cars and ropeways will be used for different applications. The analysis takes into consideration the cable cars that are used the most.
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Cable cars are compact cabins that are propelled along cables that are suspended from the ground in order to carry people and products over shorter distances and more rugged terrain. Typically, these are employed to traverse uneven terrain, such as that encountered when climbing to a higher altitude, an environment in which conventional forms of road transport are unable to function. Due to the fact that they are less expensive to construct than roads, they are in high demand in places like these. In order to avoid congested regions and go to places that are inaccessible, cable cars and ropeways are becoming an increasingly popular mode of transportation in urban settings. Their application is therefore expanding from remote areas to more populous cities, where they simplify the logistics of transporting both people and products.
KEY DRIVERS:
Increasing urban transportation utilization is predicted to fuel the growth of the market.
Ropeway safety and reliability are projected to drive the market during the forecast period.
RESTRAINTS:
The extended payback time period of cable cars is expected to hinder the growth of the market.
Ropeway construction necessitates complex structural technologies.
OPPORTUNITIES:
Opportunities for important companies arising from market consolidation.
Major growth prospects are predicted to arise as a result of the development of new technology.
CHALLENGES:
Creating and developing cable cars & ropeway transportation systems pose a number of technical hurdles.
Cable cars must adhere to stringent safety standards since they operate in hazardous environments.
The COVID-19 epidemic has completely destroyed the tourism industry; however, with the advent of vaccination campaigns and other innovations, the industry is slowly beginning to see an increase in demand. Because of these considerations, the market for cable cars and ropeways will be presented with broad growth potential. The expansion of government spending on the aviation, automotive, construction, and infrastructure industries will have the greatest influence on the rate of GDP growth as well as the demand for oil. In addition, the epidemic has shifted the attention of automobile manufacturers toward the search for alternate fuel.
The global market has been divided into Fixed grip installations, drag lifts, Fixed grip chairlifts, Pulsed gondola ropeways, Detachable installations, Detachable chairlifts, Mono cable detachable gondola lifts, Aerial tramways, and Funicular based on the type segment. Because of benefits like increased passenger transit capacities and high-speed operation, gondola lifts are viewed as having the potential to become an effective solution for the challenges that are faced by urban transportation systems.
Market, By Industry Type:
The global market has been divided into Tourism, Material handling, public transportation, and Mining industries based on the industry type segment. The market for cable cars and ropeways is also anticipated to benefit from the uptick brought on by the tourism industry. It is anticipated that this sector would expand at a rate of 0.2 percent. The demand for cable cars and ropeways would increase as more people became interested in exploring new locations.
Market, By Sales Channel:
The global market has been divided into OEM and aftermarket based on the sales channel segment. In 2023, the original equipment manufacturer (OEM) segment of the worldwide market for air-powered vehicles accounted for a significant portion of the total revenue generated by the industry.
By Type:
Fixed grip installations
Drag lifts
Fixed grip chairlifts
Pulsed gondola ropeways
Detachable installations
Detachable chairlifts
Mono cable detachable gondola lifts
Aerial tramway
Funicular
By Industry Type:
Tourism
Material handling
Public transportation
Mining industries
By Sales Channel:
OEM
Aftermarket
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There are seven distinct geographical regions or divisions that can be used to categorize the cable cars and ropeways market around the world. These regions include North America, Latin America, Western and Eastern Europe, Asia-Pacific Excluding Japan (APEJ), Japan, the Middle East, and Africa. In the not-too-distant future, it is anticipated that the market for cable cars and ropeways will have an impact on the market for urban public transit. Alpine nations, such as Austria, France, Germany, Italy, Liechtenstein, Monaco, and Slovenia, are responsible for a significant portion of the demand for cable cars and ropeways. Switzerland also contributes to this need. The majority of emerging nations in the Asia-Pacific region have also begun utilizing cable cars and ropeways in winter and tourism locations. The United States of America, Algeria, Spain, China, and Brazil all make extensive use of cable cars and ropeways for the movement of urban residents.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Damodar Ropeways, Vergokan, Bullwheel International Cable Car Top, Doppelmayr/Garaventa Group, Kreischberg Cableways, Dubrovnik Cableways Pvt Ltd, Kropivnik Cableways Pvt Ltd are some of the affluent competitors with significant market share in the Cable Cars and Ropeways Market.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 4.3 Million |
Market Size by 2031 | US$ 10.27 Million |
CAGR | CAGR of 11.5% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • by Type (Fixed grip installations, Drag lifts, Fixed grip chairlifts, Pulsed gondola ropeways, Detachable installations, Detachable chairlifts, Mono cable detachable gondola lifts, Aerial tramway, Funicular) • by Industry Type (Tourism, Material handling, Public transportation, Mining industries) • by Sales Channel (OEM, Aftermarket) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | Damodar Ropeways, Vergokan, Bullwheel International Cable Car Top, Doppelmayr/Garaventa Group, Kreischberg Cableways, Dubrovnik Cableways Pvt Ltd, Kropivnik Cableways Pvt Ltd |
Key Drivers | •Increasing urban transportation utilization is predicted to fuel the growth of the market. •Ropeway safety and reliability are projected to drive the market during the forecast period. |
RESTRAINTS | •The extended payback time period of cable cars is expected to hinder the growth of the market. •Ropeway construction necessitates complex structural technologies. |
Cable Cars and Ropeways Market Size was valued at USD 4.3 million in 2023.
The major players are, Damodar Ropeways & Infra Ltd., Nippon Cable Co., Ltd., MND Group, Doppelmayr/Garaventa Group, Conveyor & Ropeway Services Pvt. Ltd., Leitner S.p.A, POMA Group, and Bartholet Maschinenbau AG (BMF), and others in final report.
CAGR of Cable Cars and Ropeways Market is 11.5% over the forecast period 2024-2031.
A cable car, ropeway, or aerial tramway is a mode of transportation that relies on one or two stationary ropes for support and a third moving rope for propulsion. Cable cars are a type of streetcar that travel above ground and are supported by a single or numerous cables made of metal.
North America region is dominating the Cable Cars and Ropeways Market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Cable Cars and Ropeways Market Segmentation, By Type
9.1 Introduction
9.2 Trend Analysis
9.3 Fixed grip installations
9.4 Drag lifts
9.5 Fixed grip chairlifts
9.6 Pulsed gondola ropeways
9.7 Detachable installations
9.8 Detachable chairlifts
9.9 Mono cable detachable gondola lifts
9.10 Aerial tramway
9.11 Funicular
10. Cable Cars and Ropeways Market Segmentation, By Industry Type
10.1 Introduction
10.2 Trend Analysis
10.3 Tourism
10.4 Material handling
10.5 Public transportation
10.6 Mining industries
11. Cable Cars and Ropeways Market Segmentation, By Sales Channel
11.1 Introduction
11.2 Trend Analysis
11.3 OEM
11.4 Aftermarket
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Cable Cars and Ropeways Market by Country
12.2.3 North America Cable Cars and Ropeways Market By Type
12.2.4 North America Cable Cars and Ropeways Market By Industry Type
12.2.5 North America Cable Cars and Ropeways Market By Sales Channel
12.2.6 USA
12.2.6.1 USA Cable Cars and Ropeways Market By Type
12.2.6.2 USA Cable Cars and Ropeways Market By Industry Type
12.2.6.3 USA Cable Cars and Ropeways Market By Sales Channel
12.2.7 Canada
12.2.7.1 Canada Cable Cars and Ropeways Market By Type
12.2.7.2 Canada Cable Cars and Ropeways Market By Industry Type
12.2.7.3 Canada Cable Cars and Ropeways Market By Sales Channel
12.2.8 Mexico
12.2.8.1 Mexico Cable Cars and Ropeways Market By Type
12.2.8.2 Mexico Cable Cars and Ropeways Market By Industry Type
12.2.8.3 Mexico Cable Cars and Ropeways Market By Sales Channel
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Cable Cars and Ropeways Market by Country
12.3.2.2 Eastern Europe Cable Cars and Ropeways Market By Type
12.3.2.3 Eastern Europe Cable Cars and Ropeways Market By Industry Type
12.3.2.4 Eastern Europe Cable Cars and Ropeways Market By Sales Channel
12.3.2.5 Poland
12.3.2.5.1 Poland Cable Cars and Ropeways Market By Type
12.3.2.5.2 Poland Cable Cars and Ropeways Market By Industry Type
12.3.2.5.3 Poland Cable Cars and Ropeways Market By Sales Channel
12.3.2.6 Romania
12.3.2.6.1 Romania Cable Cars and Ropeways Market By Type
12.3.2.6.2 Romania Cable Cars and Ropeways Market By Industry Type
12.3.2.6.4 Romania Cable Cars and Ropeways Market By Sales Channel
12.3.2.7 Hungary
12.3.2.7.1 Hungary Cable Cars and Ropeways Market By Type
12.3.2.7.2 Hungary Cable Cars and Ropeways Market By Industry Type
12.3.2.7.3 Hungary Cable Cars and Ropeways Market By Sales Channel
12.3.2.8 Turkey
12.3.2.8.1 Turkey Cable Cars and Ropeways Market By Type
12.3.2.8.2 Turkey Cable Cars and Ropeways Market By Industry Type
12.3.2.8.3 Turkey Cable Cars and Ropeways Market By Sales Channel
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Cable Cars and Ropeways Market By Type
12.3.2.9.2 Rest of Eastern Europe Cable Cars and Ropeways Market By Industry Type
12.3.2.9.3 Rest of Eastern Europe Cable Cars and Ropeways Market By Sales Channel
12.3.3 Western Europe
12.3.3.1 Western Europe Cable Cars and Ropeways Market by Country
12.3.3.2 Western Europe Cable Cars and Ropeways Market By Type
12.3.3.3 Western Europe Cable Cars and Ropeways Market By Industry Type
12.3.3.4 Western Europe Cable Cars and Ropeways Market By Sales Channel
12.3.3.5 Germany
12.3.3.5.1 Germany Cable Cars and Ropeways Market By Type
12.3.3.5.2 Germany Cable Cars and Ropeways Market By Industry Type
12.3.3.5.3 Germany Cable Cars and Ropeways Market By Sales Channel
12.3.3.6 France
12.3.3.6.1 France Cable Cars and Ropeways Market By Type
12.3.3.6.2 France Cable Cars and Ropeways Market By Industry Type
12.3.3.6.3 France Cable Cars and Ropeways Market By Sales Channel
12.3.3.7 UK
12.3.3.7.1 UK Cable Cars and Ropeways Market By Type
12.3.3.7.2 UK Cable Cars and Ropeways Market By Industry Type
12.3.3.7.3 UK Cable Cars and Ropeways Market By Sales Channel
12.3.3.8 Italy
12.3.3.8.1 Italy Cable Cars and Ropeways Market By Type
12.3.3.8.2 Italy Cable Cars and Ropeways Market By Industry Type
12.3.3.8.3 Italy Cable Cars and Ropeways Market By Sales Channel
12.3.3.9 Spain
12.3.3.9.1 Spain Cable Cars and Ropeways Market By Type
12.3.3.9.2 Spain Cable Cars and Ropeways Market By Industry Type
12.3.3.9.3 Spain Cable Cars and Ropeways Market By Sales Channel
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Cable Cars and Ropeways Market By Type
12.3.3.10.2 Netherlands Cable Cars and Ropeways Market By Industry Type
12.3.3.10.3 Netherlands Cable Cars and Ropeways Market By Sales Channel
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Cable Cars and Ropeways Market By Type
12.3.3.11.2 Switzerland Cable Cars and Ropeways Market By Industry Type
12.3.3.11.3 Switzerland Cable Cars and Ropeways Market By Sales Channel
12.3.3.1.12 Austria
12.3.3.12.1 Austria Cable Cars and Ropeways Market By Type
12.3.3.12.2 Austria Cable Cars and Ropeways Market By Industry Type
12.3.3.12.3 Austria Cable Cars and Ropeways Market By Sales Channel
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Cable Cars and Ropeways Market By Type
12.3.3.13.2 Rest of Western Europe Cable Cars and Ropeways Market By Industry Type
12.3.3.13.3 Rest of Western Europe Cable Cars and Ropeways Market By Sales Channel
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Cable Cars and Ropeways Market by Country
12.4.3 Asia-Pacific Cable Cars and Ropeways Market By Type
12.4.4 Asia-Pacific Cable Cars and Ropeways Market By Industry Type
12.4.5 Asia-Pacific Cable Cars and Ropeways Market By Sales Channel
12.4.6 China
12.4.6.1 China Cable Cars and Ropeways Market By Type
12.4.6.2 China Cable Cars and Ropeways Market By Industry Type
12.4.6.3 China Cable Cars and Ropeways Market By Sales Channel
12.4.7 India
12.4.7.1 India Cable Cars and Ropeways Market By Type
12.4.7.2 India Cable Cars and Ropeways Market By Industry Type
12.4.7.3 India Cable Cars and Ropeways Market By Sales Channel
12.4.8 Japan
12.4.8.1 Japan Cable Cars and Ropeways Market By Type
12.4.8.2 Japan Cable Cars and Ropeways Market By Industry Type
12.4.8.3 Japan Cable Cars and Ropeways Market By Sales Channel
12.4.9 South Korea
12.4.9.1 South Korea Cable Cars and Ropeways Market By Type
12.4.9.2 South Korea Cable Cars and Ropeways Market By Industry Type
12.4.9.3 South Korea Cable Cars and Ropeways Market By Sales Channel
12.4.10 Vietnam
12.4.10.1 Vietnam Cable Cars and Ropeways Market By Type
12.4.10.2 Vietnam Cable Cars and Ropeways Market By Industry Type
12.4.10.3 Vietnam Cable Cars and Ropeways Market By Sales Channel
12.4.11 Singapore
12.4.11.1 Singapore Cable Cars and Ropeways Market By Type
12.4.11.2 Singapore Cable Cars and Ropeways Market By Industry Type
12.4.11.3 Singapore Cable Cars and Ropeways Market By Sales Channel
12.4.12 Australia
12.4.12.1 Australia Cable Cars and Ropeways Market By Type
12.4.12.2 Australia Cable Cars and Ropeways Market By Industry Type
12.4.12.3 Australia Cable Cars and Ropeways Market By Sales Channel
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Cable Cars and Ropeways Market By Type
12.4.13.2 Rest of Asia-Pacific Cable Cars and Ropeways Market By Industry Type
12.4.13.3 Rest of Asia-Pacific Cable Cars and Ropeways Market By Sales Channel
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Cable Cars and Ropeways Market by Country
12.5.2.2 Middle East Cable Cars and Ropeways Market By Type
12.5.2.3 Middle East Cable Cars and Ropeways Market By Industry Type
12.5.2.4 Middle East Cable Cars and Ropeways Market By Sales Channel
12.5.2.5 UAE
12.5.2.5.1 UAE Cable Cars and Ropeways Market By Type
12.5.2.5.2 UAE Cable Cars and Ropeways Market By Industry Type
12.5.2.5.3 UAE Cable Cars and Ropeways Market By Sales Channel
12.5.2.6 Egypt
12.5.2.6.1 Egypt Cable Cars and Ropeways Market By Type
12.5.2.6.2 Egypt Cable Cars and Ropeways Market By Industry Type
12.5.2.6.3 Egypt Cable Cars and Ropeways Market By Sales Channel
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Cable Cars and Ropeways Market By Type
12.5.2.7.2 Saudi Arabia Cable Cars and Ropeways Market By Industry Type
12.5.2.7.3 Saudi Arabia Cable Cars and Ropeways Market By Sales Channel
12.5.2.8 Qatar
12.5.2.8.1 Qatar Cable Cars and Ropeways Market By Type
12.5.2.8.2 Qatar Cable Cars and Ropeways Market By Industry Type
12.5.2.8.3 Qatar Cable Cars and Ropeways Market By Sales Channel
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Cable Cars and Ropeways Market By Type
12.5.2.9.2 Rest of Middle East Cable Cars and Ropeways Market By Industry Type
12.5.2.9.3 Rest of Middle East Cable Cars and Ropeways Market By Sales Channel
12.5.3 Africa
12.5.3.1 Africa Cable Cars and Ropeways Market by Country
12.5.3.2 Africa Cable Cars and Ropeways Market By Type
12.5.3.3 Africa Cable Cars and Ropeways Market By Industry Type
12.5.3.4 Africa Cable Cars and Ropeways Market By Sales Channel
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Cable Cars and Ropeways Market By Type
12.5.3.5.2 Nigeria Cable Cars and Ropeways Market By Industry Type
12.5.3.5.3 Nigeria Cable Cars and Ropeways Market By Sales Channel
12.5.3.6 South Africa
12.5.3.6.1 South Africa Cable Cars and Ropeways Market By Type
12.5.3.6.2 South Africa Cable Cars and Ropeways Market By Industry Type
12.5.3.6.3 South Africa Cable Cars and Ropeways Market By Sales Channel
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Cable Cars and Ropeways Market By Type
12.5.3.7.2 Rest of Africa Cable Cars and Ropeways Market By Industry Type
12.5.3.7.3 Rest of Africa Cable Cars and Ropeways Market By Sales Channel
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Cable Cars and Ropeways Market by country
12.6.3 Latin America Cable Cars and Ropeways Market By Type
12.6.4 Latin America Cable Cars and Ropeways Market By Industry Type
12.6.5 Latin America Cable Cars and Ropeways Market By Sales Channel
12.6.6 Brazil
12.6.6.1 Brazil Cable Cars and Ropeways Market By Type
12.6.6.2 Brazil Cable Cars and Ropeways Market By Industry Type
12.6.6.3 Brazil Cable Cars and Ropeways Market By Sales Channel
12.6.7 Argentina
12.6.7.1 Argentina Cable Cars and Ropeways Market By Type
12.6.7.2 Argentina Cable Cars and Ropeways Market By Industry Type
12.6.7.3 Argentina Cable Cars and Ropeways Market By Sales Channel
12.6.8 Colombia
12.6.8.1 Colombia Cable Cars and Ropeways Market By Type
12.6.8.2 Colombia Cable Cars and Ropeways Market By Industry Type
12.6.8.3 Colombia Cable Cars and Ropeways Market By Sales Channel
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Cable Cars and Ropeways Market By Type
12.6.9.2 Rest of Latin America Cable Cars and Ropeways Market By Industry Type
12.6.9.3 Rest of Latin America Cable Cars and Ropeways Market By Sales Channel
13. Company Profiles
13.1 Damodar Ropeways
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Vergokan
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Bullwheel International Cable Car Top
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Doppelmayr/Garaventa Group
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Kreischberg Cableways
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Dubrovnik Cableways Pvt Ltd
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Kropivnik Cableways Pvt Ltd
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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