Market Overview:
Automatic Platform Screen Doors provide safety by preventing passengers from falling onto tracks and keeping outside elements like smoke, dust and gusty wind away from platforms. They enhance efficiency by reducing energy loss during train arrivals and departures.
The global Automatic Platform Screen Doors Market is estimated to be valued at US$ 13217.13 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the Automatic Platform Screen Doors Market is the increasing focus on sustainable urban mobility and infrastructure. Rapid urbanization has led to rising passenger traffic in trains and metros. This has increased demand for improved passenger safety, efficiency and comfort features like Automatic Platform Screen Doors. Governments across countries are investing heavily in railway network expansion and modernization projects which mandate the installation of APSDs for enhanced safety, convenience and environmental benefits.
SWOT Analysis
Strength: Automatic platform screen doors (APSDs) provide safety on metro and subway platforms. They prevent accidental falls onto the tracks. Two or three lines explanation.
Weakness: High installation and maintenance costs of APSDs makes it challenging for transit operators to retrofit existing stations. Retrofitting requires structural changes and is a costly process. Two or three lines explanation.
Opportunity: Growing investments in urban rail transit projects in developing regions offer significant growth opportunities. Increasing focus on passenger safety also drives the adoption of advanced safety systems like APSDs. Two or three lines explanation.
Threats: Delays in urban rail projects may negatively impact future demand. Changing political priorities or economic slowdowns can reduce funding for transit infrastructure developments. Two or three lines explanation.
Key Takeaways
The Global Automatic Platform Screen Doors Market Size is expected to witness high growth, exhibiting CAGR of 7.4% over the forecast period, due to increasing focus on passenger safety on transit platforms. Rapid urbanization and growing metro networks in developing regions are also driving the deployment of APSDs.
Regional analysis: Asia Pacific dominated the automatic platform screen doors market in 2023 and is expected to witness the fastest growth during the forecast period. Presence of large metro networks in countries such as China, India, and Japan offer significant opportunities. Growing investments in urban transit in Southeast Asian countries will further support regional market growth.
Key players operating in the automatic platform screen doors market are KTK, Shanghai Electric, Westinghouse, Jiacheng, Kangni, Horton Automatics, Nabtesco, Stanley, Fangda, Faiveley, Manusa, Panasonic. Major players are focusing on expanding their presence in developing markets through collaborations with local partners. Ongoing railway infrastructure projects provide opportunities for market penetration. Technological advancements in safety and sensors also influence competitive dynamics.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it