Platform screen doors or platform edge doors are automated doors installed at the platforms of train and subway stations that act as a physical barrier between the platform and the railway tracks. These doors allow passengers to safely enter and exit station platforms without worrying about accidentally falling onto the tracks. They help improve passenger safety and assist in minimizing delays as they prevent objects from falling onto tracks and triggering emergency braking. Automatic platform screen doors generally operate using infrared sensors and programmable logic controllers (PLCs) and are either open or closed based on the position and movement of trains entering or leaving the station.
The global automatic 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.
The global automatic platform screen doors market is driven by rapid urbanization and infrastructure development across major cities. According to the United Nations, around 68% of the world population is projected to live in urban areas by 2050 up from 55% in 2018. This is prompting governments worldwide to invest heavily in expanding metro rail networks and improving existing public transit infrastructure. Automatic platform screen doors enhance safety, reduce accidents, allow for energy savings, and improve passenger flow at metro stations. Their installation has become critical as metro networks expand to cater to growing urban populations. Additionally, automatic features and contactless operation of these doors provide benefits in terms of social distancing amidst the ongoing pandemic, thus boosting their demand.
Market Dynamics:
Mass Urbanization: As highlighted in the overview section, rapid urbanization is prompting significant investments in urban transit infrastructure around the world. According to the World Bank, over $57 trillion will need to be invested globally in infrastructure by 2040, with a large portion likely to be spent on developing metro rail networks in cities. As metro stations experience increasing footfall, automatic platform screen doors are crucial for ensuring passenger safety and convenience as well as operational efficiency. This driver is expected to significantly fuel market growth over the forecast period.
Transit Infrastructure Development: In line with supporting urbanization, there is growing emphasis on expanding and upgrading public transit systems. Several cities across major economies like India, China, and countries in Southeast Asia are focusing on large-scale metro projects. Automatic platform screen doors are considered indispensable for metro rail systems and majority of new infrastructure development tenders currently include their installation plans. Continued transit infrastructure spending bodes well for the automatic platform screen doors market.
Segment Analysis
The global automatic platform screen doors market is dominated by the metro and high-speed rail sub-segment. Around 60% of the global installations of automatic platform screen doors are for metros and high-speed rails. This is because metros and high-speed rails experience high passenger volumes on a daily basis requiring increased focus on passenger safety. The automatic platform screen doors prevent accidents caused due to passengers falling off the platform or coming under the trains by preventing unwanted passenger or object movements on the platform.
PEST Analysis
Political: Governments across major economies are increasingly investing in public transit infrastructure like metros and high-speed rails requiring mandatory installation of platform screen doors for improved safety and security of passengers.
Economic: Growing urbanization and rising income levels are increasing passenger traffic on metros and high-speed rails globally. This is driving the need for robust safety measures like automatic platform screen doors to create a hassle-free travel experience.
Social: Safety of passengers especially for women and children is a rising concern area for public transportation networks. Automatic platform screen doors help address this by preventing accidents on platforms.
Technological: Manufacturers are investing in development of digital screen doors integrated with sensors and IoT for enhanced reliability and safety. Artificial intelligence is enabling predictive maintenance of these doors.
Key Takeaways
The Global Automatic Platform Screen Doors Market Growth is expected to witness high at a CAGR of 18% during the forecast period of 2023 to 2030. The market size is projected to reach US$ 13217.13 Mn by 2023.
Regional analysis: Asia Pacific dominates the automatic platform screen doors market accounting for around 45% share driven by widespread metro network expansions across major countries like China, India and Japan. China represents the fastest growing regional market attributed to ongoing infrastructural projects under the Belt and Road Initiative.
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. CSL Behring LLC leads the market with over 20% revenue share owing to its diversified product portfolio and global presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
