Monorail System Market: Leading Players Envisioned By The Analysts Forecast 2018 - 2026
Transparency Market Research has released a new market report titled “Monorail System Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” According to the report, in terms of revenue, the global monorail system market is predicted to expand at a CAGR of about 22% during the forecast period. Trains are cost-effective and considerably less polluting mode of transportation and hence, governing bodies are preferring to expand train connectivity in order to enhance train transportation. Internal combustion engine vehicles are a major source of pollution. Therefore, governing bodies are focused on increasing the adoption of other modes of transportation that are less polluting, such as trains. Monorails are a significantly less polluting and faster mode of transportation. Monorails require significantly lesser space than that of conventional trains, and hence, these are more suitable for urban areas where lack of space is a concern. Rapid urba...