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Cable Cars and Ropeways Market By Type (Aerial Tramways, Chair Lifts, Gondola Lifts, Surface Lifts, Funicular Ropeways, Material Ropeways, & Inclined Lifts), By Industry Vertical (Tourism, Public Transport, and Material Handling), and By Regions - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Covid-19

Global Cable Cars and Ropeways Market Size, Share

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Industry Insights

[169+ Pages Report] As per the latest research and survey report issued by Facts and Factors, the global cable car and ropeways market was valued at USD 4011.70 Million in 2020 and is expected to register revenues worth USD 7,876 Million by the end of 2026, growing at an exceptional CAGR of approximately 11.4% between 2021 and 2026.

logoMarket Overview

A cable car or a ropeway is a mechanical vehicle that rests between two pillar supports. Two stationary ropes are cast between the supports as a third rope is used for driving purposes. Cable cars are installed between places that are usually based on an inclined slope. An electric motor drives the mechanism that tugs and pulls the cable car from one point to another. Cable cars and ropeways are usually used as a mode of transport in the e-tourism industry or highly inaccessible forms of terrain. However, their main use of applications is in resorts as a form of leisurely based attraction, ski sports, and man or material handling.

logoIndustry Growth Factors

A growing preference for an urban mode of transport in the form of cable cars and ropeways as well as increased government focus in terms of investing in optimal forms of transport drives the growth of the market in terms of revenue. Although there are various modes of transport that can be construed as more efficient, the high costs tagging along with them make cable cars the viable choice. This gives incentive for governments around the world to invest more in cable propelled transit (CPT) for a smoother flow of traffic. Additionally, the stringent conditions and regulations over safety concerns and measure further enable manufacturers to scale their operation to cover longer distances which further boosts the growth of the cable car and ropeways market.

Cable Cars and Ropeways Market

With improvement in technology, manufacturers are constantly looking to upgrade their equipment in order to cover a longer distance which makes cable cars applicable for the mining, transportation, and logistic industry. These factors further make the footprint of the cable car and ropeways market considerably stronger. However, extended periods of time for installation and safe operations and complicated structural technology required for easy functionality can hamper the growth of the market to a greater extent. Furthermore, the high costs for the initial installation can hurt the growth of the market as well.

logoSegmentation Analysis

The global cable cars and ropeways market can be segmented on the basis of type, industry verticals, and regions.

On the basis of type, the global cable cars and ropeways market can be divided among aerial tramways, chair lifts, gondola lifts, surface lifts, funicular ropeways, material ropeways, & inclined lifts. The gandola lifts are expected to witness the highest growth market share in terms of revenue generation in the segment. The gondola segment can be further broken down into monocable, bi-cable, and tricable. Additionally, the gondola cable cars possess certain factors such as increased passenger capabilities coupled with a high-speed operation. Furthermore, gondola carrier devices with glass cabin functions are the preferred mode of transport as they provide an all-around view that attracts tourists for leisureliness. This gives manufacturers a reason to produce a higher consumer base in the segment. On the basis of industry-verticals the market of global cable cars and ropeways can be divided among tourism, public transport, and material handling. The tourism category is expected to witness the highest growth CAGR during the forecast period owing to an increasing adaption of the technology and use case applications.

logo Regional Analysis

The regions of Europe and Latin America are expected to witness the highest growth CAGR on a global scale during the forecast period. Factors pertaining to a larger part of the geography of these regions being covered in mountainous terrains provide a big boost for the basic functionality of cable cars and ropeways. In North America, the increasing use of cable cars is estimated to be anticipated. Factors such as the improvement of urban transportation will play a big role in the growth of cable cars and ropeways in the region.

logo Competitive Players

Some of the major participants in the global cable cars and ropeways market are Damodar Ropeways & Infra Ltd, MND Group, Conveyer, and Ropeway Services Pvt. Ltd, Leitner S.p.A, POMA Group, Bullwheel International Cable Car Corp, and Kropivink Cableways Pvt. Ltd, among others.

logo By Type Segment Analysis

  • Aerial Tramways
  • Funicular Ropeways
  • Chair Lifts
    • Fixed Grip
    • Detachable
  • Gondola Lifts
    • Monocable
    • Bi-cable
    • Tricable
  • Surface Lifts
  • Material Ropeways
  • Inclined lifts

logo By Industry Vertical Segment  Analysis

  • Tourism
  • Public Transport
  • Material Handling
    • Mining
    • Others

logo By Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Covid-19

Cable Cars and Ropeways Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Damodar Ropeways & Infra Ltd
  • MND Group
  • Conveyer and Ropeway Services Pvt. Ltd
  • Leitner S.p.A
  • POMA Group
  • Bullwheel International Cable Car Corp
  • Kropivink Cableways Pvt. Ltd

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Cable Cars and Ropeways Market.
According to Facts and Factors research report, the global Cable Cars and Ropeways Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Cable Cars and Ropeways Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Cable Cars and Ropeways Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Cable Cars and Ropeways Market in North America over coming decade.
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