April 24, 2024

“Automatic Platform Screen Doors Market driven by Rapid Urbanization and Need for Passenger Safety”

Automatic platform screen doors offer air tight enclosures at railway platforms, metro stations and airports that enable smooth flow of passenger movement with enhanced safety and security. These full height mechanised doors operate in sync with train/aircraft arrivals and departures to separate the platform area from tracks/runway. They prevent accidental falls onto tracks, suicide attempts and ensure unauthorized access doesn’t hamper train schedules. As urban centers expand exponentially, metros and subways are integral to daily commutes. However, overcrowding at stations can lead to unsafe situations. Automatic platform screen doors regulate traffic and address this issue efficiently.

The global Automatic Platform Screen Doors Market is estimated to be valued at US$ 753.9 million in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Major trends driving growth in the automatic platform screen doors market include rapid urbanization across developing regions and growing concerns about passenger safety and security. According to United Nations data, around 68% of the global population is projected to reside in urban settlements by 2050, up from 55% today. This will necessitate expansion and modernization of public transport infrastructure like metros and rail networks. Automatic platform screen doors deliver a safe pedestrian environment and prevent accidents, a priority for urban planners and transit authorities. Their demand is increasing from high frequency stations and interchange hubs that handle very large volumes of daily commuters. Ongoing technological innovations too are supporting market growth, with IoT and sensor-based safety features being integrated into new automatic platform screen door installations.

Porter’s Analysis

Threat of new entrants: Low- Moderate capital requirements and presence of strong competitors make market entry challenging.

Bargaining power of buyers: High – Buyers can negotiate on price and demand better services due to availability of multiple solution providers.

Bargaining power of suppliers: Low – Supplier base is fragmented and suppliers do not have significant influence on prices due to availability of substitute components.

Threat of new substitutes: Low – Limited substitute products and technologies in the market currently.

Competitive rivalry: High – Major global players compete on parameters like innovation, quality, and pricing.

Key Takeaways

The global Automatic Platform Screen Doors market is expected to witness high growth. The market size is projected to reach US$ 1,357.8 million by 2031, expanding at a CAGR of 8.5% during the forecast period.

Regional analysis: Asia Pacific region currently dominates the market and is expected to continue its dominance during the forecast period. Countries like China, India, and Japan are driving the regional market due to growing metro rail infrastructure and initiatives to enhance passenger safety.

Key players: KONE Corporation, Nabtesco Corporation, Stanley Access Technologies LLC, Panasonic Corporation, Horton Automatics, Jiacheng Railway International, Manusa, Shanghai Electric, Toshi Automatic Systems Pvt. Ltd., Westinghouse, Faiveley Transport and Fangda Group. KONE Corporation and Nabtesco Corporation are the leading players in the market.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it