May 21, 2024
Ict

“Rising Urbanization to Drive Growth in Global Automatic Platform Screen Doors Market”

Automatic platform screen doors are an important installation in underground metro and rail stations to prevent accidental falls onto train tracks. They provide enhanced safety to passengers and reduce delays by allowing swift entry and exit through platform doors synchronized with train doors. The growing adoption of metro rail systems in congested urban areas has fueled the demand for automatic platform screen doors significantly.

The global Automatic Platform Screen Door Market is estimated to be valued at US$ 753.90 Bn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024 to 2031.

Key Takeaways

Key players: Key players operating in the automatic platform screen door market include Siemens AG, Nabtesco Group, Stanley Access Technologies LLC, Manusa Worldwide, Horton Automatics, Toshi Automatic Systems Pvt. Ltd., Panasonic Manufacturing (Beijing) Co. Ltd., Westinghouse, Faiveley Transport, and Jiacheng Railway International.

Key opportunities: Rapid urbanization and increasing investments in expanding metro networks across major cities in Asia Pacific and Middle East & Africa are expected to create significant growth opportunities for automatic platform screen door manufacturers over the coming years.

Global expansion: Leading automatic platform screen door manufacturers are actively exploring overseas markets and entering into partnership with metro construction companies to strengthen their global footprint. Localization strategies will be important for successful expansion across international markets.

Market drivers: Growing urbanization levels around the world, especially in emerging economies are leading to increased congestion on existing road networks. This is prompting governments to focus on developing metro rail infrastructure, which is one of the key drivers for the automatic platform screen doors market.

PEST Analysis

Political: The governments across various countries have implemented strict regulations and safety standards for public transport infrastructure like metros and railways. This is positively impacting the growth of automatic platform screen doors market.

Economic: With growing urbanization and increased public spending on metro networks, the overall economic growth is driving investments in automatic platform screen door systems for enhanced safety and security.

Social: Rising security concerns of passengers while waiting or boarding trains have increased the demand for such contactless and secure platform screening solutions. It helps prevent accidental falls or collisions with oncoming trains.

Technological: Advanced sensor technologies and IoT integration allow real-time monitoring and remote maintenance of these doors. Integration of RFID/NFC cards is enabling contactless access control. Artificial intelligence is helping automate door operations based on predictive crowd analysis.

Geographical regions with high market concentration

The Asia Pacific region accounts for the largest share of the global automatic platform screen doors market in terms of value. This is attributed to large-scale metro infrastructure expansion underway in countries such as China, India, Japan, and South Korea. The growing middle-class population and rising demand for safe public transportation have further propelled the regional market.

Fastest growing region

The market in Middle East and Africa region is poised to witness the highest growth during the forecast period. This is mainly due to upcoming metro projects and revamped existing railway stations across GCC countries such as UAE and Saudi Arabia. Additionally, factors such as urbanization, rapid economic growth and government initiatives for improving public transportation will augment the regional demand.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it