Report Scope & Overview:
Cable Cars and Ropeways Market Size was valued at USD 2.05 billion in 2022 and is expected to reach USD 4.40 billion by 2030 and grow at a CAGR of 10% over the forecast period 2023-2030.
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.
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.
MARKET DYNAMICS:
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.
IMPACT OF COVID-19:
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.
KEY MARKET PLAYERS:
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) are some of the affluent competitors with significant market share in the Cable Cars and Ropeways Market.
MARKET ESTIMATION:
Market, By Type:
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 2020, 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.
MARKET SEGMENTATION:
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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REGIONAL ANALYSIS:
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
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 2.05 Billion |
| Market Size by 2030 | US$ 4.40 Billion |
| CAGR | CAGR of 10% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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 (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | 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) |
| 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 3.93 billion in 2022.
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 10% over the forecast period 2023-2030.
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. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Cable Cars and Ropeways Market Segmentation, By Type
8.1 Fixed grip installations
8.2 Drag lifts
8.3 Fixed grip chairlifts
8.4 Pulsed gondola ropeways
8.5 Detachable installations
8.6 Detachable chairlifts
8.7 Mono cable detachable gondola lifts
8.8 Aerial tramway
8.9 Funicular
9. Global Cable Cars and Ropeways Market Segmentation, By Industry Type
9.1 Tourism
9.2 Material handling
9.3 Public transportation
9.4 Mining industries
10. Global Cable Cars and Ropeways Market Segmentation, By Sales Channel
10.1 OEM
10.2 Aftermarket
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Nippon Cable Co., Ltd.,
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Damodar Ropeways & Infra Ltd.
12.3 Nippon Cable Co., Ltd.
12.4 MND Group
12.5 Doppelmayr/Garaventa Group
12.6 Conveyor & Ropeway Services Pvt. Ltd.
12.7 Leitner S.p.A
12.8 POMA Group
12.9 Bartholet Maschinenbau AG (BMF)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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