image

Cable Cars and Ropeways Market Report Scope & Overview:

The 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 and Ropeways Market Revenue Analysis

Get more information on Cable Cars and Ropeways MarketRequest Sample Report

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.

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

Cable Cars and Ropeways Market Segmentation Analysis

 Get Customized Report as per your Business Requirement - Ask For Customized Report

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

KEY 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.

Doppelmayr/Garaventa Group-Company Financial Analysis

Cable Cars and Ropeways Market Report Scope:
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.

Frequently Asked Questions

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

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone