by Automated platform screen doors help improve the overall safety and security at metro, rail and underground stations by preventing passengers from falling onto the tracks. They act as physical barriers that separate the platform area from the train tracks area. The global automated platform screen doors market is majorly driven by the need to enhance passenger safety and security at public transit stations across countries with high ridership. Platform screen doors help address concerns over accidental deaths or injuries to passengers that frequently occur due to falls onto the railway tracks at stations.
Automated platform screen doors are electronically operated barriers installed at the edge of metro, train or underground platforms. They ensure that passengers do not have direct access to the tracks, thereby preventing accidental falls or deaths. The doors automatically operate in sync with the opening and closing of train doors when a train arrives at the station. This allows secure boarding and alighting of passengers.
The global automated platform screen doors market is estimated to be valued at US$ 13217.13 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The key trends in the automated platform screen doors market include growing investments in development of metro and underground railway networks, technological advancements in sensors and control systems for platform screen doors, and stricter government safety regulations for mass transit systems. Metro network expansion projects across emerging nations such as India, China and Southeast Asian countries will drive increased adoption of automated platform screen doors over the forecast period. Newer types of platform screen doors are being integrated with intelligent sensor and control systems for enhanced reliability and safety. This includes features such as obstacle detection sensors to prevent closing doors from injuring passengers. Regulators are also mandating installation of platform barriers at stations as a necessary safety measure.
Porter’s Analysis
Threat of new entrants: The automatic platform screen doors market requires high initial investment for R&D, manufacturing facilities and technology which poses significant entry barriers for new players.
Bargaining power of buyers: The presence of many established players provides buyers with varied options to choose from, increasing their bargaining power.
Bargaining power of suppliers: Specialized components and technologies used in automatic platform screen door systems make it difficult for suppliers to switch thus increasing their bargaining power.
Threat of new substitutes: There are no close substitutes for automatic platform screen doors in providing safe traveling environment on public transport platforms.
Competitive rivalry: The market sees intense competition among the top players to strengthen their product portfolio and global footprint through partnerships and mergers & acquisitions.
Key Takeaways
The Global Automatic Platform Screen Doors Market Demand is expected to witness high growth.
Regional analysis: North America is witnessing increasing adoption of automatic platform screen doors systems driven by focus on passenger safety and reduced liability risks for transit operators. Countries like the US and Canada are retrofitting existing subway stations with platform doors. Europe is another major market led by substantial investments in rail networks across UK, Germany, France and other countries.
Key players operating in the Automatic Platform Screen Doors market are CSL Behring LLC, Takeda Pharmaceutical Company Limited, Ionis Pharmaceuticals, Inc., Pharming Technologies B.V., Centogene AG, BioCryst Pharmaceuticals, and KalVista Pharmaceuticals, Inc. The prominent players are focusing on expanding their geographical presence and investing in development of innovative and sustainable products to gain competitive edge. Partnerships with mass transit organizations is a key strategy adopted by market participants.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
