by The automatic platform screen door (APSD) systems are installed on metro and railway platforms for enhanced safety and controlled accessibility during passengers boarding and alighting trains. APSD systems control airflow and prevents passenger falls onto tracks. The global automatic platform screen doors market size is estimated to be valued at US$ 13217.13 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of the automatic platform screen doors market is propelled by rapid expansion of metro and railway networks across various cities globally. Several emerging economies are heavily investing in urban metro systems for reducing traffic congestion and providing mass transit solutions to growing urban populations. For instance, China plans to invest over US$ 500 Bn towards expansion of its metro network by 2025. Similarly, India’s metro rail network is expected to grow three fold to over 600 km by 2025. Growing government focus on safety, security and convenience of rail passengers worldwide is driving adoption of APSD systems. Advanced features including sensor-based operation, toughened safety glass and air curtain technologies ensure unmatched safety and passenger experience offered by APSD. Key players are also focusing on developing compact and energy efficient APSD products tailored for metro and railway stations across various global regions.
SWOT Analysis
Strength: Automatic platform screen doors offer increased safety and security at metro and subway stations. They prevent accidental falls onto tracks and reduce crime rates at stations.
Weakness: High initial installation and maintenance costs pose a challenge for wider adoption in metro networks, especially in developing regions. Retrofitting existing stations also requires significant investments.
Opportunity: Growing urbanization and expanding metro networks across major cities in Asia Pacific and Middle East & Africa provide lucrative growth opportunities. Rapid infrastructure development projects offer a ready market.
Threats: Switching costs associated with existing manual systems act as a deterrent for upgrades. Delays or budget overruns in infrastructure projects can negatively impact demand. Stringent regulations around safety compliance increase compliance costs.
Key Takeaways
The Global Automatic Platform Screen Doors Market Size is expected to witness high growth over the forecast period.
Regional Analysis: Asia Pacific currently dominates market share and is expected to continue its dominance. Rapid urbanization coupled with ongoing expansions of metro networks across major cities in China, India, Japan, Australia and Southeast Asian countries is driving the demand for automated platform screen doors in the region. Key players are focusing on tapping opportunities through partnerships with infrastructure developers in emerging markets.
Key players operating in the automatic platform screen doors market are CSL Behring LLC, Takeda Pharmaceutical Company Limited, Ionis Pharmaceuticals, Inc., Pharming Technologies B.V., Centogene AG, BioCryst Pharmaceuticals, and KalVista Pharmaceuticals, Inc. The market is competitive with presence of both global and regional vendors. Larger players are focusing on new product innovations and development through collaborations. Smaller vendors are exploring opportunities in developing markets through joint venture partnerships.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
