The cable car & ropeways market was valued at US$ 2,689.4 million in 2016 and is projected to reach US$ 6,744.4 million by 2025, exhibiting a CAGR of 11.2% over the forecast period, according to Global Cable Car & Ropeways Market Report, by Product Type (Aerial Tramways, Funicular Ropeways, Chairlifts, Gondola, Surface Lift, Material Ropeways, and Inclined Lifts), by End User (Tourism, Public Transportation, and Material Handling), and by Supply Chain (Original Equipment Manufacturer & Aftermarket), published by Coherent Market Insights.
Cable car & ropeways are equipment used for aerial transportation from one end to another, especially at mountains, rivers, and other areas. This mode of transportation has recently been adopted as a convenient way of transport among urban areas to reduce traffic congestions and to reduce carbon emission. In cable car, the engine is not attached to the carrying car itself, rather is placed at a powerhouse or other places. However, in ropeways, special types of carriers are hovered from overheard rope, for transportation of passengers or goods from one terminal to another. Ropeway consists of stations, drive system, rope line, control systems, and vehicles.
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