Cloud Kitchens Are Fastest Growing Segment Fueling Growth Of The Global Cable Cars & Ropeways Market
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| Cable Cars & Ropeways Market |
The global Cable Cars &
Ropeways Market is estimated to be valued at US$ 4.5 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market Overview:
Cable cars and ropeways provide
transportation services over long or steep stretches that are otherwise
difficult to access by roads. They help transport people and goods using wheels
running along cables.
Market key trends:
Growing tourism activities in
mountain regions is expected to be a major trend fueling the growth of the
cable cars & ropeways market. Many countries worldwide are investing in
cable car infrastructure development projects to boost their tourism industries
by providing easy access to scenic mountain regions and locales. For instance,
Peru inaugurated the longest single span cable car in South America connecting
Cusco city to Moray village in May 2022. This is expected to boost tourism in
the Sacred Valley region of Peru.
Segment Analysis
The global cable cars &
ropeways market is dominated by the aerial tramway segment. Aerial tramways are
preferred for transporting people over long distances across difficult
terrains. They offer smooth, comfortable, and panoramic riding experience even
in mountainous regions. Their growing adoption in tourism applications, such as
connecting tourist spots, mountain stations, and resorts, is contributing to
the segment's leading position.
Key Takeaways
The Global
Cable Cars & Ropeways Market Share is expected to witness high growth,
exhibiting a CAGR of 11% over the
forecast period, due to increasing investments in mountain and urban cable car
infrastructure around the world.
Regional analysis
Europe accounts for the largest
share in the cable cars & ropeways market currently. Countries like
Switzerland, Austria, Italy, France have strong presence of cable car projects
owing to presence of Alps mountain range. Asia Pacific region is expected to
grow at the highest CAGR during the forecast period with increasing focus on
boosting tourism and public transport infrastructure in mountainous regions of
countries like India, Indonesia and China.
Key players
Key players operating in the
cable cars & ropeways market are Doppelmayr/Garaventa Group, Leitner Group,
POMA Group, MND Group, Bartholet Maschinenbau AG, Nippon Cable, CONVEYOR &
ROPEWAY SERVICES, Damodar Ropeways & Infra. The market leaders are focusing
on geographical expansion and development of innovative cable car technologies
for efficient transport solutions.
Get More Insights Here
https://www.newsstatix.com/cable-cars-ropeways-market-size-share-growth-outlook-2023/
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