Automated Guideway Transit (AGT) Market size was valued at USD 5.2 Billion in 2024 and is projected to reach USD 9.8 Billion by 2033, exhibiting a CAGR of 7.5% from 2026 to 2033.
The global Automated Guideway Transit (AGT) market was valued at approximately USD 4.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030. This growth is driven by the increasing demand for sustainable, efficient, and environmentally friendly transportation solutions in urban areas. AGT systems, such as automated people movers and monorails, are becoming popular due to their ability to reduce traffic congestion, lower emissions, and enhance the overall urban mobility experience. As governments and cities worldwide prioritize green transportation and smart infrastructure, the adoption of AGT technologies is likely to increase, particularly in regions focusing on urban planning and sustainability.
Regionally, the AGT market shows significant growth potential across various regions, with the Asia Pacific (APAC) region holding the largest market share. In 2022, APAC accounted for over 40% of the total market share, driven by rapid urbanization, technological advancements, and large scale infrastructure projects in countries like China, India, and Japan. The North American market is expected to grow at a steady pace, contributing to a market size of approximately USD 1.1 billion by 2030. Europe also presents a lucrative opportunity, especially in countries with extensive urban transport networks and governmental support for sustainable transit solutions. The demand in Latin America and the Middle East & Africa is expected to grow as cities seek to modernize their public transport systems to meet population growth and urbanization needs.
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Mitsubishi Heavy Industries
Bombardier
Hitachi Rail
Doppelmayr Cable Car
Parry People Movers Ltd.
POMA
Siemens
Intamin Transportation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automated Guideway Transit (AGT) Market
Monorail Systems
Maglev Systems
Conventional Rail Systems
Automated People Movers (APM)
Urban Transportation
Airport Transit
Theme Parks and Recreational Activities
Smart Cities and Intelligent Transport Systems
Driverless Systems
Mixed-traffic Systems
Dedicated Right-of-Way Systems
Switchable Systems
Single-car Vehicles
Multiple-unit Trains
Articulated Vehicles
Light Rail Vehicles
Control Systems
Power Supply Systems
Track Infrastructure
Rolling Stock
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automated Guideway Transit (AGT) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automated Guideway Transit (AGT) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automated Guideway Transit (AGT) Market, By Type
6. Global Automated Guideway Transit (AGT) Market, By Application
7. Global Automated Guideway Transit (AGT) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automated Guideway Transit (AGT) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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