Cable Cars & Ropeways Market
Market Dynamics
A cable car or ropeway or aerial tramway is a type of transport system that uses one or two stationary ropes for support, while a third moving rope provides propulsion. Generally, cable cars are installed for long-term operation in ski resorts, the tourism sector, urban transport and man and material handling applications are considered in the report.
The growing snow tourism and material handling have increased the adoption of cable cars. For instance, In 2014, Bolivia inaugurated the first phase of its ‘la-paz-telefericos’ project, which is a 10 km gondola cable car project installed with an investment of approx. US$ 234 Mn. The 2nd phase of this project is initiated, making it the world’s largest CPT with an investment of around US$ 450 Mn. Hence, increasing adoption of cable cars in urban transport is expected to boost the global cable cars & ropeway market growth in the near future.
Market Taxonomy
This report segments the global cable cars & ropeways market on the basis of product type, end use, category and region. On the basis of product type, the market is segmented into Aerial Tramways, Funicular Ropeways, Chair Lifts, Gondola Lifts, Surface Lifts, Material Ropeways and Inclined Lifts. Chair Lift are further sub segmented into Fixed Grip, and detachable. Moreover, Gondola Lifts are further sub segmented into Monocable, Bi-cable and Tricable. On the basis of end use, the market is segmented into Tourism, Public Transport, and Material handling. Material handling is further sub segmented into Mining, and Others. On the basis of Category, the market is segmented into Installation Service and MRO Service
For a comprehensive understanding of market dynamics, the market is analyzed across key geographical regions, namely, North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions, for a macro-level understanding of the market.
Key features of the study:
Detailed Segmentation:
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Table of Content
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