Global Superfast Transport System Market report 2018: Focus on Components, Ecosystem and Leading Companies - Analysis and Forecasts to 2020, 2024, and 2028 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 9, 2018--The “Global Superfast Transport System Market: Focus on Components, Ecosystem and Leading Companies - Analysis and Forecast (2020, 2024, and 2028)” report has been added to ResearchAndMarkets.com’s offering.
The global superfast transport system market is expected to be valued at $2,086.5 million in 2020 and is expected to reach $55,693.5 million by 2024, growing at a CAGR of 127.30% between 2020 and 2024.
The market is expected to grow about 127 times from 2020 to 2024 and 14 times between 2024 and 2028 when optimistic view is considered. The growth of the market is expected to be attributed by the rising investment in countries such as China, India, the U.A.E. and the U.S., among others.
The market for superfast transport system is mainly driven by advantages of superfast transport which can overpower the existing mode of transport such as railways, airways and personal vehicle or any other public means of transport. However, technical challenges such as maintaining low pressure vacuum inside the tube, development of pods which can accommodate passengers as well as cargo at high speed and safety concerns of passengers in case of technical failure while travelling are expected to hamper the overall growth of the superfast transport system market during the forecast period.
Increased congestion and increased consumption of fuel across the globe is expected to create great opportunities for the superfast transport systems between 2020 and 2028 as they are expected to reduce congestions and are anticipated to be eco-friendlier as compared to other modes of transport.
Rising government interest to develop advanced transport infrastructure with a view to regulate growing traffic and avoiding congestions on highly developed trade routes is the major factor driving the market for superfast transport system.
Key Topics Covered:
1 Megatrends for Superfast Transport 1.1 Megacities 1.2 Demographic Changes 1.3 Climate Change 1.4 Smart and Integrated Mobility 1.5 Technology 1.6 Energy & Resource
2 Market Dynamics 2.1 Market Drivers 2.1.1 Advantages of Hyperloop Technology 2.1.2 Rising Interest of Companies and Government Bodies 2.2 Market Opportunities 2.2.1 Increasing Congestion in Global Transport and Increased Consumption of Energy Resources 2.3 Market Restraints 2.3.1 Technical Challenges
3 Competitive Insights 3.1 Key Strategies and Developments 3.1.1 Investments 3.1.2 Partnerships, & Collaborations 3.1.3 Product Development 3.1.4 Business Expansion
4 Industry Analysis 4.1 Government Initiatives 4.2 Consortiums and Associations 4.3 Ecosystem Analysis 4.3.1 Raw Material Suppliers 4.3.2 Technology Providers 4.3.3 Design & Construction Firms 4.3.4 Government Agencies
5 Components in Superfast Transport System 5.1 Introduction 5.1.1 Tube 5.1.2 Pods
6 Superfast Transport System Market Analysis and Forecast 6.1 Assumptions and Limitations 6.2 Market Overview 6.3 Asia-Pacific 6.4 Europe 6.5 North America 6.5.1 Proposed Los Angeles to San Francisco Route 6.6 Rest-of-the-World
7 Company ProfilesAECOM Arrivo Delft Hyperloop Dinclix GroundWorks Global Limited EPFLoop Hyperloop India Hyperloop One Hyperloop Transport Technologies Paradigm Hyperloop Space Exploration Technologies Corp. (SpaceX) TransPod WARR
For more information about this report visit https://www.researchandmarkets.com/research/v7vqdp/global_superfast?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181109005275/en/
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Related Topics:Automotive and Transport,Environmental,Public Transport
INDUSTRY KEYWORD: TRANSPORT PUBLIC TRANSPORT AUTOMOTIVE ENVIRONMENT OTHER AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/09/2018 07:55 AM/DISC: 11/09/2018 07:55 AM