Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Insight- Global Cable Cars & Ropeways Market

Market Overview

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 operate overhead and are suspended on a single or multiple metal wires. Cable cars and ropeways are installed for long-term operation in ski sports, the tourism sector, man and material handling, and urban transport. There are different types of cable cars such as aerial tramways, chair lifts, material ropeways, surface lifts, funicular ropeways, gondola lifts, and incline lifts. The type of cable car and ropeways may vary with the prospective application. Most commonly used cable cars are considered in the report.

The global cable cars & ropeways market was accounted for US$ 3,667.2 Million in terms of value in 2019 and is expected to grow at a CAGR of 11.90% during the forecast period (2019-2027)

Market Dynamics- Drivers

  1. Growing adoption of in urban transport is expected to drive growth of the global cable cars & ropeways market during the forecast period

Continuous growth in urban population had led to unavailability of land. According to Coherent Market Insights’ analysis, around 70% of urban population travels daily, necessitating efficient mass transit infrastructure. Governments in various countries are focused on fast and energy efficient modes of transportation. Although metros and subways are efficient ways of transportation, the cost of construction related to metros is significantly high and is not viable at every place. Hence, governments and transport authorities are shifting towards cable propelled transit (CPT) for an effective and smoother transportation system. Moreover, 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.

  1. Increasing safety and reliability of ropeways is expected to propel the global cable cars & ropeways market over the forecast period

Since aerial tramways and cable cars are elevated over 300 feet above ground, which several hundred thousand feet in mountains, stringent safety norms are imposed on installer and operator. Moreover, Europe accounts for the major market share and thus, maximum number of cable car system follows ‘European Parliament and Council Directive 2000/9/EC relating to cableway installations designed to carry passengers’ nor. This was replaced by Regulation (EU) 2016/424 of the European Parliament and of the Council of March 9, 2016, on cableway installations and repealing Directive 2000/9/EC and has been applicable since April 21, 2018. Moreover, key companies in the market are investing significantly for research and development of new technologies, in order to increase capacity of cable cars, while assuring the safety, high speed, and smooth operations. These efforts have expanded the service life of ropeways, which in turn, is expected to support the market growth over the forecast period.

Europe region dominated the global cable cars & ropeways market in 2019, accounting for 51.1% share in terms of value, followed by North America and Asia Pacific, respectively.

Cable Car & Ropeways  | Coherent Market Insights

Source: Coherent Market Insights

Market Dynamics- Restraints

  1. Prolonged payback time period of cable cars is expected to restrain growth of the global cable cars & ropeways market over the forecast period

Cable cars are manufactured and installed with some high quality material and cutting-edge technology. This makes them significantly expensive. Moreover, the location, passenger capacity, support-free span, type of lift, and other varied factors make cable cars expensive. In fact, certain cable car projects may require million to billion dollars of investment and also requires timely maintenance, which increase the overall cost. The investment money is recovered albeit at a slow rate and thus increases its payback time. Therefore, prolonged payback is expected to hamper the market growth in the near future.

  1. Complicated structural technology required for ropeway construction is expected to hinder the global cable cars & ropeways market growth during the forecast period

Installation of cable car necessitates high-end mechanical and structural engineering since the cabins need to be hauled over a wide span of supports. Moreover, cable car systems are designed in a manner that they should not be affected by bad weather conditions and must be stable at high wind speeds. Hence, cable cars are designed and manufactured with considerations to all parameters that can affect performance and safety of the system.

Market Opportunities

  1. Market Consolidation opportunities for key players

Presence of limited players in the global cable cars & ropeways market has presented the opportunity market consolidation. Emergence of local players can pose a threat to established players, as new entrants can effectively increase their market share by offering systems at relatively low prices. Moreover, intense competition among manufacturers may compel market players to enhance technology and offer better and cost-effective cable cars and ropeways. Asia and African countries can be potential markets as they are expected to provide major growth opportunities and high profitability, owing to low material and labor cost.

  1. Development of new technology is expected to present major growth opportunities

Over the years, cable car technology has evolved significantly albeit at slow rate. It took over a century for cable cars to establish good market reputation. Since cable cars can provide numerous advantages, high demand is expected in the near future, provided there are improvements in technology for enhancement of efficiency of cable cars. Ropeways are driven by a cable hauled by a bull-wheel (huge Pulley), which is powered by either a motor or gasoline engine. The propagation of cable over a large route needs high power source, which eventually increases power consumption. Thus, reducing power consumption can prove major market opportunities for key companies.

Cable Car & Ropeways  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. Gondola lifts to witness significant demand in the near future

Gondola lifts offer various advantages such as high speed and enhance passenger capacity, which is why it has witness significant demand in the recent past. Moreover, gondola lifts with glass cabins are widely preferred and installed at tourism destinations with an aim to attract tourists. Various manufacturers in the industry are focused on providing customized products, owing to high demand for gondola lifts. Moreover, major manufacturers can develop energy efficient gondola lifts and focus on building and all possible amenities inside the cabins.

  1. Growing preference for cable cars in urban transport is a major trend in the market

Previously, cable cars were predominantly used in ski industry though they have gain significant traction due to high demand for tourism and urban transport applications. The cable cars can offer possible solution to traffic congestion in major cities and direct interconnectivity between skyscrapers. Various urban planning projects include cable cars as a mode of transport for zero emission and silent operations. Moreover, cable cars have found applications in amusement parts and leisure activities.

The tourism vertical is accounted for 63.4% in 2019 and is expected to grow at a CAGR of 10.6% during the forecast period.

Cable Car & Ropeways  | Coherent Market Insights

Source: Coherent Market Insights

Value Chain Analysis

Cable Car & Ropeways  | Coherent Market Insights

Competitive Section

Key companies operating in the global cable cars & ropeways market are Damodar Ropeways & Infra Ltd., MND Group, Doppelmayr/?Garaventa Group, Conveyor & Ropeway Services Pvt. Ltd., Leitner S.p.A, Nippon Cable Co., Ltd., POMA Group, and Bartholet Maschinenbau AG (BMF).

Key Developments

  1. Major companies in the market are involved in contract signing, in order to gain competitive edge in the market. For instance, in January 2017, Bartholet Maschinenbau AG (BMF) entered into contract to install gondola lift as part of a major gondola project of Tannenboden (Switzerland). The project is estimated to be completed by 2019.
  2. Key players in the market are involved in product launches, in order to enhance their product portfolio. For instance, in 2016, MND Group introduced new detachable chair lift and gondola lifts into the market, for which company claims to have high efficiency and high reliability.

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:

  • This report provides an in-depth analysis of the global cable cars & ropeways market with market size (Units and US$ Million) and CAGR (%) over the forecast period: 2019 – 2027, considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
  • It profiles leading players in the global cable cars & ropeways market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key companies covered as part of this study include Damodar Ropeways & Infra Ltd., MND Group, Doppelmayr/​Garaventa Group, Conveyor & Ropeway Services Pvt. Ltd., Leitner S.p.A, Nippon Cable Co., Ltd., POMA Group, and Bartholet Maschinenbau AG (BMF).among others.
  • Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to future product launches, technology upgrades, market expansion, and marketing tactics
  • Various strategy matrices used in analyzing the global Cable cars & ropeways Market would provide stakeholders vital inputs to make strategic decisions accordingly

Detailed Segmentation:

  • Global Cable cars & ropeways Market, By Product Type:
    • Aerial Tramways
    • Funicular Ropeways
    • Chair Lifts
      • Fixed Grip
      • Detachable
    • Gondola Lifts
      • Monocable
      • Bi-cable
      • Tricable
    • Surface Lifts
    • Material Ropeways
    • Inclined Lifts
  • Global Cable cars & ropeways Market, By End use:
    • Tourism
    • Public Transport
    • Material handling
      • Mining
      • Others
  • Global Cable cars & ropeways Market, By Category:
    • Installation Service
    • MRO Service
  • Company Profiles
      • Damodar Ropeways & Infra Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • MND Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Doppelmayr/​Garaventa Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Conveyor & Ropeway Services Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Leitner S.p.A
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Nippon Cable Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • POMA Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Bartholet Maschinenbau AG (BMF)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates

*Browse all the market data tables and figures on “Global Cable Cars & Ropeways Market - forecast to 2027”.

Table of Content

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Product Type
      • Market Snippet By End Use
      • Market Snippet By Category
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
  4. Global Cable Cars & Ropeways Market, By Product Type, 2017 - 2027 ( Units and US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Aerial Tramways
      • Introduction
      • Market Category and Forecast, 2019 - 2027, ( Units and US$ Million)
    • Funicular Ropeways
      • Introduction
      • Market Category and Forecast, 2019 - 2027, ( Units and US$ Million)
    • Chair Lifts
      • Introduction
      • Market Category and Forecast, 2019 - 2027, ( Units and US$ Million)
      • Fixed Grip
      • Detachable
    • Gondola Lifts
      • Introduction
      • Market Category and Forecast, 2019 - 2027, ( Units and US$ Million)
      • Monocable
      • Bi-cable
      • Tricable
    • Surface Lifts
      • Introduction
      • Market Category and Forecast, 2019 - 2027, ( Units and US$ Million)
    • Material Ropeways Inclined Lifts
      • Introduction
      • Market Category and Forecast, 2019 - 2027, ( Units and US$ Million)
    • Inclined Lifts
      • Introduction
      • Market Category and Forecast, 2019 - 2027, ( Units and US$ Million)
  5. Global Cable Cars & Ropeways Market, By End Use, 2017 - 2027 ( Units and US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Tourism
      • Introduction
      • Market Category and Forecast, 2019 - 2027, ( Units and US$ Million)
    • Public Transport
      • Introduction
      • Market Category and Forecast, 2019 - 2027, ( Units and US$ Million)
    • Material Handling
      • Introduction
      • Market Category and Forecast, 2019 - 2027, ( Units and US$ Million)
      • Mining
      • Others
  6. Global Cable Cars & Ropeways Market, By Category, 2017 - 2027 ( Units and US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Installation Service
      • Introduction
      • Market Category and Forecast, 2019 - 2027, ( Units and US$ Million)
    • MRO Service
      • Introduction
      • Market Category and Forecast, 2019 - 2027, ( Units and US$ Million)
  7. Global Cable Cars & Ropeways Market, By Regions, 2017 - 2027 ( Units and US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America           
      • Introduction
        • Market Category and Forecast, 2019 - 2027 ( Units and US$ Million)
      • By Segment
        • Market Category and Forecast, By Product Type, 2019 - 2027 ( Units and US$ Million)
        • Market Category and Forecast, By End Use, 2019 - 2027 ( Units and US$ Million)
        • Market Category and Forecast, By Category, 2019 - 2027 ( Units and US$ Million)
      • By Country
        • U.S.
        • Canada
    • Europe
      • Introduction
        • Market Category and Forecast, 2019 - 2027 ( Units and US$ Million)
      • By Segment
        • Market Category and Forecast, By Product Type, 2019 - 2027 ( Units and US$ Million)
        • Market Category and Forecast, By End Use, 2019 - 2027 ( Units and US$ Million)
        • Market Category and Forecast, By Category, 2019 - 2027 ( Units and US$ Million)
      • By Country
        • Germany
        • Italy
        • U.K.
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
        • Market Category and Forecast, 2019 - 2027 ( Units and US$ Million)
      • By Segment
        • Market Category and Forecast, By Product Type, 2019 - 2027 ( Units and US$ Million)
        • Market Category and Forecast, By End Use, 2019 - 2027 ( Units and US$ Million)
        • Market Category and Forecast, By Category, 2019 - 2027 ( Units and US$ Million)
      • By Country
        • China
        • Japan
        • Australia
        • India
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
        • Market Category and Forecast, 2019 - 2027 ( Units and US$ Million)
      • By Segment
        • Market Category and Forecast, By Product Type, 2019 - 2027 ( Units and US$ Million)
        • Market Category and Forecast, By End Use, 2019 - 2027 ( Units and US$ Million)
        • Market Category and Forecast, By Category, 2019 - 2027 ( Units and US$ Million)
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • Introduction
        • Market Category and Forecast, 2019 - 2027 ( Units and US$ Million)
      • By Segment
        • Market Category and Forecast, By Product Type, 2019 - 2027 ( Units and US$ Million)
        • Market Category and Forecast, By End Use, 2019 - 2027 ( Units and US$ Million)
        • Market Category and Forecast, By Category, 2019 - 2027 ( Units and US$ Million)
      • By Country
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • Damodar Ropeways & Infra Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • MND Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Doppelmayr/​Garaventa Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Conveyor & Ropeway Services Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Leitner S.p.A
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Nippon Cable Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • POMA Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Bartholet Maschinenbau AG (BMF)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • Available Customizations
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse all the market data tables and figures on “Global Cable Cars & Ropeways Market - forecast to 2027”.

Frequently Asked Questions

The global cable cars & ropeways market is estimated to exhibit a CAGR of 11.90% over the forecast period.
Major players operating in the global cable cars & ropeways market include Damodar Ropeways & Infra Ltd., MND Group, Doppelmayr/Garaventa Group, Conveyor & Ropeway Services Pvt. Ltd., Leitner S.p.A, Nippon Cable Co., Ltd., POMA Group, and Bartholet Maschinenbau AG (BMF).
Among end use, tourism segment held dominant position in the market accounting for 63.4% market share in 2019, and is expected to exhibit a CAGR of 10.6% during the forecast period.0
Increasing safety and reliability of ropewaysis one of the major factors that is expected to propel growth of the market over the forecast period.
Complicated structural technology required for ropeway construction is one of the major factors that is expected to hamper growth of the market over the forecast period.
Among regions, Europe held dominant position in theglobal cable cars & ropeways market in 2019, accounting for 51.1% share in terms of value, followed by North America and Asia Pacific, respectively.
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