Increasing Adoption Of Cable Cars And Ropeways In Urban Transport Is Expected To Fuel Growth Of The Global Market: Cognitive Market Research

Global Cable Car and Ropeways Market Overview 

Product Overview and Scope of Cable Car and Ropeways

A cable car, also known as cable transport, is a type of public transport that uses a cable to move vehicles or people across a gap. The vehicles are suspended from a cable, which is typically above the ground, and are pulled along by the cable as they move. The cable car system can be used to transport people across valleys, rivers, or other obstacles that would be difficult or impossible to cross using traditional transportation methods. Ropeway, also known as a cableway, is a type of cable car system that is used for transporting goods as well as people. Ropeways are typically used to transport materials, such as ore, from a mine to a processing plant, or to transport goods between different locations in a warehouse or industrial complex.

Cable cars, ropeways, aerial tramways, sky trams, or aerial trams are aerial lifts that use a third rope for propulsion and one or two stationary supporting ropes for moving vehicles, trolleys, lifts, pallets, etc. Using a propulsion rope, this lift maintains a tight grip on the fixed tramway and cannot separate while in use. At the base of the tramway, an electric motor is principally used to provide proper propulsion for two cabins traveling in the opposite direction. They are employed in hilly locations to transport goods, for sightseeing in the leisure industry, and for transportation between mines in mountainous regions. Steel cables and electric motors have been developed due to technological advancements to boost safety and provide more efficiency. The mining, transportation, tourist, and logistics industries are just a few of the industries that use modern ropeway systems. In transportation and tourism, cable cars and ropeways have been the favored option for leisure activities like sightseeing. However, because of cost restrictions and decreased efficiency, cables and ropeways are underutilized in several locations, and the market is small compared to the urban transportation sector.

Cable cars and ropeways are a type of mass transit, which means they are used to transport a large number of people at once. They are often used in areas where traditional transportation methods, such as roads or railways, are not feasible or practical. Cable cars and ropeways are considered to be a sustainable mode of transportation, as they are powered by electricity or other renewable energy sources, and do not produce emissions. They are considered to be a safe mode of transportation, as the vehicles are suspended from a cable and are not subject to the same risks as traditional transportation methods, such as accidents on the road or rails. Cable cars and ropeways offer a number of benefits over traditional transportation methods, including sustainability, accessibility, safety, cost-effectiveness, time efficiency, and environmental friendliness. These benefits make cable cars and ropeways an attractive option for transportation in areas where traditional methods are not feasible or practical.

Global Cable Car and Ropeways Market –Industry Analysis

Market Drivers

• Increasing adoption of cable cars & ropeways in urban transport is expected to fuel growth of the global market

Cable cars and ropeways are a cost-effective and efficient mode of transportation in urban areas, and they offer several benefits over traditional transportation methods, such as reduced traffic congestion and improved air quality. As more cities look for sustainable and efficient ways to transport people, the demand for cable cars and ropeways is expected to increase. In addition, advancements in technology, such as the development of electric and hybrid cable cars, are also driving the growth of the cable car and ropeway market. These advancements make cable cars and ropeways more environmentally friendly and cost-effective, which is expected to further increase their adoption in urban areas.

Continuous growth in urban population had led to unavailability of land. 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. Increasing adoption of cable cars in urban transport is expected to boost the global cable cars & ropeway market growth in the near future.

• Increasing safety and reliability of ropeways is projected to drive the global cable cars & ropeways Market.

Global Cable Car and Ropeways Revenue by Region (2018-2023)

Global Cable Car and Ropeways Revenue (USD Million) by Region (2018-2023)

Global Cable Car and Ropeways market was valued at USD XX, in 2022 and is expected to grow at a CAGR of 9.2% over the forecast period, from 2023 to 2030.

Global Cable Car and Ropeways Market Regional Analysis

Global Cable Car and Ropeways Market Regional Analysis by Region

Based on region, North America is dominating the cable car and ropeways market in terms of revenue market share throughout the forecast period. This is due to the increasing use of cable cars and factors such as the improvement of urban transportation in the region. Rising cable cars and ropeways operating and numerous cable cars and ropeways are used for urban transportation in the United States. Metropolitan cities have begun to see the potential of cable cars and ropeways to meet their mobility need. Increasing demand for gondola lifts is a type of cable car and ropeways in the region. These all factors affect the growth of the global market in this region.

Global Cable Car and Ropeways Market Segmentation Analysis

Global Cable Car and Ropeways Market Segmentation Analysis by Product Type:

•    Aerial Tramways
•    Funicular Ropeways
•    Chair Lifts
o    Fixed Grip
o    Detachable
•    Gondola Lifts
o    Monocable
o    Bi-cable
o    Tricable
•    Surface Lifts
•    Material Ropeways
•    Inclined Lifts

Global Cable Car and Ropeways Market, by Product Type

Source: Cognitive Market Research

Based on the product type, the gondola lifts segment is dominating the cable car & ropeways market during the forecast period. This is attributed to the gondola cable cars possess certain factors such as improved passenger transportation capabilities coupled with high-speed operation. Gondola carrier devices with glass cabin functions are the preferred mode of transport as they provide an all-around view that attracts tourists for leisureliness. Various manufacturers in the industry are focused on providing customized products, owing to the high demand for gondola lifts. Moreover, major manufacturers can develop energy-efficient gondola lifts and focus on building all possible amenities inside the cabins. This is expected to drive the growth of this segment in the global cable car and ropeways market.

Global Cable Car and Ropeways Market by Application:

•    Light Duty
•    Medium Duty
•    Heavy Duty
•    Common Usage
•    Military Standard Duty

Global Cable Car and Ropeways Market by End User:

•    Tourism
•    Material Handling
•    Public transportation
•    Mining industries
•    Others

Global Cable Car and Ropeways Market by Sales Channel:

•    OEM (Original Equipment Manufacturer)
•    Aftermarket

Global Cable Car and Ropeways Market by Category:

•    Installation Service
•    MRO Service

Global Cable Car and Ropeways Market Players

•    Bartholet Maschinenbau AG
•    CCM FINOTELLO SRL
•    Conveyor & Ropeway Services Pvt. Ltd.
•    Damodar Ropeways & Infra Ltd.
•    Doppelmayr Seilbahnen GmbH
•    Leitner - Poma of America, Inc.
•    LEITNER AG
•    MND Group
•    Nippon Cable Co., Ltd
•    POMA
•    STM Teleferik
•    Others

Global Cable Car and Ropeways Market Related Reports

•    Global Elevator and Escalator Market
•    Global Artificial Lift Market 
•    Global Fixed Hydraulic Lift Table Market 
•    Global Aerial Tramway Market

Global Cable Car and Ropeways Manufacturers Profiles/Analysis

LEITNER AG

LEITNER AG Basic Information, Manufacturing Base, Sales Area, and Competitors

Business Segment/ Overview:

LEITNER AG. Company deals with business segments such as ropeway systems and ropeway components. Ropeway systems includes ConnX, Detachable gondola lifts, Detachable chairlifts, Telemix, Fixed-grip chairlifts, Surface lifts, and others. Ropeway components includes vehicles, drive system, control system, station, garging system, bike transport and others. In addition to it, the company also provides tele-assistance, grip revision, repair among others types of services under their business.

Cable Car & Ropeways Product Types Specification

Business Strategy

LEITNER AG company has several business strategies to follow including focus on innovation, diversification of product portfolio, global presence, focus on sustainability, and others. LEITNER AG has a strong commitment to research and development, consistently focusing on innovation and technological advancements in their products. By investing in cutting-edge technologies, they aim to deliver efficient, reliable, and sustainable transportation solutions to their clients. LEITNER AG diversifies its product portfolio to cater to various transportation needs across different industries. Besides cable cars and ropeways, they offer a range of transport systems, including gondolas, funiculars, and people movers, allowing them to address diverse customer demands and markets.

LEITNER AG has a global presence, serving customers across multiple continents. Their strategy involves expanding into emerging markets and strengthening their position in established markets by forming strategic partnerships and collaborations with local companies. Sustainability is a crucial aspect of LEITNER AG's business strategy. They aim to develop eco-friendly transportation solutions that reduce energy consumption and environmental impact, aligning with the growing demand for green and sustainable technologies.

LEITNER AG S.W.O.T Analysis

Strength

• Technological expertise
• Diversified product portfolio
• Global reach

Weakness

• High initial investment

Opportunity

• Growing demand for sustainable transport

Threats

• Economic uncertainty