Global Transportation Turnstiles Market 2019-2023| Rising Adoption of High-Speed Trains Drives Growth| Technavio
LONDON--(BUSINESS WIRE)--Dec 5, 2018--The global transportation turnstiles market research report by predicts the market to post a CAGR of close to 7% during the period 2019-2023.
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Technavio has released a new market research report on the global transportation turnstiles market for the period 2019-2023. (Graphic: Business Wire)
A key driver for the global transportation turnstiles market is the growing global air passenger traffic. During the period 2019-2023, the global air passenger traffic is expected to grow at a CAGR of around 4%. The factors boosting the demand for air transportation are the growing middle-class population in emerging countries and the rising global working population. Furthermore, several regional airlines are offering low fare services to increase their customer base.
This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2019-2023. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the growing adoption of high-speed trains as one of the key trends in the global transportation turnstiles market:
Global transportation turnstiles market: Growing adoption of high-speed trains
The factors promoting the adoption of convenient transportation among people include high disposable income and changing lifestyle. This has resulted in several developed and developing countries concentrating on high-speed trains, magnetic levitation trains, and automatic trains. The high-speed trains contribute to the highest concentration of the market among the above-mentioned rail vehicles.
“There were around 27,000 miles of high-speed line network around the world in 2016. The number of passengers for high-speed trains is expected to increase during the forecast period owing to the high investments from governments. Most of the high-speed train stations are equipped with turnstiles. This will drive the growth of the global transportation turnstiles market,” says a senior research analyst at Technavio.
Global transportation turnstiles market: Segmentation analysis
This transportation turnstiles market analysis report segments the market by application (metro station, airport, and bus station) and geography (the Americas, APAC, and EMEA).
The metro station segment held the largest transportation turnstiles market share in 2018, accounting for nearly 46% of the market. This application segment is expected to dominate the global market throughout the forecast period.
The EMEA region led the market in 2018 with more than 41% of the market share, followed by APAC and the Americas respectively. The EMEA region is expected to dominate the market throughout the period 2019-2023.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY TRANSPORT OTHER TRANSPORT TRAVEL TRANSPORTATION OTHER TRAVEL LOGISTICS/SUPPLY CHAIN MANAGEMENT URBAN PLANNING CONSTRUCTION & PROPERTY
SOURCE: Technavio Research
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PUB: 12/05/2018 10:09 AM/DISC: 12/05/2018 10:08 AM