Automatic platform screen doors (APSDs) are an essential safety system installed at subway or metro stations to prevent passengers from falling onto the tracks. They offer smooth boarding and alighting of trains while ensuring passenger safety. APSDs provide an effective barrier between the platform and the tracks to prevent accidental falls onto the subway tracks.
The global Automatic Platform Screen Doors Market is estimated to be valued at US$ 753.9 in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The expanding mass transit infrastructure is one of the key trends driving the growth of the automatic platform screen doors market. Many developing nations are investing heavily in developing and strengthening their public transportation systems. For instance, according to the data by the Indian Railways, the annual budget allocation for rail infrastructure for 2022-2023 stands at US$ 12.8 billion. Similarly, China invested around US$ 127 billion between 2011-2015 on its high-speed rail network expansion projects. Since APSDs ensure enhanced safety at metro stations, they have emerged as an essential component of modern metro rail projects. Thus, the ongoing massive infrastructure investments in rail transit globally are expected to generate significant demand for APSDs during the forecast period.
Segment Analysis
The global automatic platform screen doors market is segmented by type, technology, component and geography. By type, the full-height platform screen doors segment is expected to dominate the market over the forecast period. These doors provide maximum safety of passengers as they fully separate the platform from the train. By technology, the sliding type segment holds the largest market share as they require lesser maintenance and take up less space compared to other technologies like folding type doors.
Key Takeaways
The global automatic platform screen doors market is expected to witness high growth over the forecast period. The global Automatic Platform Screen Doors Market is estimated to be valued at US$ 753.9 in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024-2031.
Regional analysis predicts that Asia Pacific region will emerge as the fastest growing market owing to increasing urban metro rail infrastructure projects in major countries like China and India. Within Asia Pacific region, China dominates the automatic platform screen doors market currently due to strong government support for metro expansion.
Key players operating in the automatic platform screen doors market include Nabtesco, Faiveley Transport, Fangda, Kangni, Westinghouse, Horton Automatics, Stanley, Panasonic, Jiacheng, KTK and Manusa. Nabtesco holds the largest market share currently due to its strong global presence and wide product portfolio. The company has gained significant contracts for recent metro projects across key regions.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
