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Personal Rapid Transit-Global Market Insights and Sales Trends 2025
Synopsis
Increasing preference for sustainable traveling solutions to control pollution and streamline the congested traffic will drive the Personal Rapid Transit Market growth. These pod cars are highly efficient for small groups traveling consisting of 3 to 6 people at a time. Pod cars or Personal Rapid Transit are environment-friendly transportation concepts run by solar power and other renewable energy supplies. These transport facilities are noted to reduce around 50% of the carbon emission. PRT operates just like the regular rail and streetcar but is designed to travel above the roads and highway to reduce the congestion.
The global Personal Rapid Transit market size is expected to reach US$ 7829.3 million by 2029, growing at a CAGR of 5.6% from 2023 to 2029. The market is mainly driven by the significant applications of Personal Rapid Transit in various end use industries. The expanding demands from the City Centres, Airports, Business and Industrial Parks and Theme Parks and Resorts, are propelling Personal Rapid Transit market. Vehicle Switching, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Track Switching segment is estimated at % CAGR for the next seven-year period.
According to the data of China Association of Metros, by the end of 2022, 55 cities in mainland China have opened urban rail transit and 308 operating lines. The total length of operating lines is 10287.45 km, ranking first in the world and accounting for 26.2% of the total global mileage. 1080.63 km of new operating lines were added in 2022. By the end of 2022, 545 cities in 78 countries and regions will have opened urban rail transit, with more than 41,386.12 km of operational mileage. Compared to 2021, the total mileage of urban rail transit worldwide would increase by 4,531.92 km, an increase of 11.0%, of which 1,293.45 km of subway mileage, 788.11 km of light rail mileage and 2,450.36 km of tram mileage would increase, accounting for 28.5%, 17.4% and 54.1% of the total increase respectively.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Personal Rapid Transit, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Personal Rapid Transit market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Personal Rapid Transit market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Personal Rapid Transit sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Personal Rapid Transit covered in this report include Fairwood Groups, Metrino PRT, skyTran, Vectus, 2getthere, Waymo, Mercedes, General Motors and Ultra Global PRT, etc.
The global Personal Rapid Transit market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Fairwood Groups
Metrino PRT
skyTran
Vectus
2getthere
Waymo
Mercedes
General Motors
Ultra Global PRT
Boeing
Navya
Easymile
Baidu (King Long)
Local Motors
Aurrigo
Westfield
Kamaz
Global Personal Rapid Transit market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Personal Rapid Transit market, Segment by Type:
Vehicle Switching
Track Switching
Global Personal Rapid Transit market, by Application
City Centres
Airports
Business and Industrial Parks
Theme Parks and Resorts
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Personal Rapid Transit companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Increasing preference for sustainable traveling solutions to control pollution and streamline the congested traffic will drive the Personal Rapid Transit Market growth. These pod cars are highly efficient for small groups traveling consisting of 3 to 6 people at a time. Pod cars or Personal Rapid Transit are environment-friendly transportation concepts run by solar power and other renewable energy supplies. These transport facilities are noted to reduce around 50% of the carbon emission. PRT operates just like the regular rail and streetcar but is designed to travel above the roads and highway to reduce the congestion.
The global Personal Rapid Transit market size is expected to reach US$ 7829.3 million by 2029, growing at a CAGR of 5.6% from 2023 to 2029. The market is mainly driven by the significant applications of Personal Rapid Transit in various end use industries. The expanding demands from the City Centres, Airports, Business and Industrial Parks and Theme Parks and Resorts, are propelling Personal Rapid Transit market. Vehicle Switching, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Track Switching segment is estimated at % CAGR for the next seven-year period.
According to the data of China Association of Metros, by the end of 2022, 55 cities in mainland China have opened urban rail transit and 308 operating lines. The total length of operating lines is 10287.45 km, ranking first in the world and accounting for 26.2% of the total global mileage. 1080.63 km of new operating lines were added in 2022. By the end of 2022, 545 cities in 78 countries and regions will have opened urban rail transit, with more than 41,386.12 km of operational mileage. Compared to 2021, the total mileage of urban rail transit worldwide would increase by 4,531.92 km, an increase of 11.0%, of which 1,293.45 km of subway mileage, 788.11 km of light rail mileage and 2,450.36 km of tram mileage would increase, accounting for 28.5%, 17.4% and 54.1% of the total increase respectively.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Personal Rapid Transit, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Personal Rapid Transit market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Personal Rapid Transit market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Personal Rapid Transit sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Personal Rapid Transit covered in this report include Fairwood Groups, Metrino PRT, skyTran, Vectus, 2getthere, Waymo, Mercedes, General Motors and Ultra Global PRT, etc.
The global Personal Rapid Transit market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Fairwood Groups
Metrino PRT
skyTran
Vectus
2getthere
Waymo
Mercedes
General Motors
Ultra Global PRT
Boeing
Navya
Easymile
Baidu (King Long)
Local Motors
Aurrigo
Westfield
Kamaz
Global Personal Rapid Transit market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Personal Rapid Transit market, Segment by Type:
Vehicle Switching
Track Switching
Global Personal Rapid Transit market, by Application
City Centres
Airports
Business and Industrial Parks
Theme Parks and Resorts
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Personal Rapid Transit companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Personal Rapid Transit
1.1 Personal Rapid Transit Market Overview
1.1.1 Personal Rapid Transit Product Scope
1.1.2 Personal Rapid Transit Market Status and Outlook
1.2 Global Personal Rapid Transit Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Personal Rapid Transit Market Size by Region (2018-2029)
1.4 Global Personal Rapid Transit Historic Market Size by Region (2018-2023)
1.5 Global Personal Rapid Transit Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Personal Rapid Transit Market Size (2018-2029)
1.6.1 North America Personal Rapid Transit Market Size (2018-2029)
1.6.2 Europe Personal Rapid Transit Market Size (2018-2029)
1.6.3 Asia-Pacific Personal Rapid Transit Market Size (2018-2029)
1.6.4 Latin America Personal Rapid Transit Market Size (2018-2029)
1.6.5 Middle East & Africa Personal Rapid Transit Market Size (2018-2029)
2 Personal Rapid Transit Market by Type
2.1 Introduction
2.1.1 Vehicle Switching
2.1.2 Track Switching
2.2 Global Personal Rapid Transit Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Personal Rapid Transit Historic Market Size by Type (2018-2023)
2.2.2 Global Personal Rapid Transit Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Personal Rapid Transit Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Personal Rapid Transit Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Personal Rapid Transit Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Personal Rapid Transit Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Personal Rapid Transit Revenue Breakdown by Type (2018-2029)
3 Personal Rapid Transit Market Overview by Application
3.1 Introduction
3.1.1 City Centres
3.1.2 Airports
3.1.3 Business and Industrial Parks
3.1.4 Theme Parks and Resorts
3.1.5 Others
3.2 Global Personal Rapid Transit Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Personal Rapid Transit Historic Market Size by Application (2018-2023)
3.2.2 Global Personal Rapid Transit Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Personal Rapid Transit Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Personal Rapid Transit Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Personal Rapid Transit Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Personal Rapid Transit Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Personal Rapid Transit Revenue Breakdown by Application (2018-2029)
4 Personal Rapid Transit Competition Analysis by Players
4.1 Global Personal Rapid Transit Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Personal Rapid Transit as of 2022)
4.3 Date of Key Players Enter into Personal Rapid Transit Market
4.4 Global Top Players Personal Rapid Transit Headquarters and Area Served
4.5 Key Players Personal Rapid Transit Product Solution and Service
4.6 Competitive Status
4.6.1 Personal Rapid Transit Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Fairwood Groups
5.1.1 Fairwood Groups Profile
5.1.2 Fairwood Groups Main Business
5.1.3 Fairwood Groups Personal Rapid Transit Products, Services and Solutions
5.1.4 Fairwood Groups Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.1.5 Fairwood Groups Recent Developments
5.2 Metrino PRT
5.2.1 Metrino PRT Profile
5.2.2 Metrino PRT Main Business
5.2.3 Metrino PRT Personal Rapid Transit Products, Services and Solutions
5.2.4 Metrino PRT Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.2.5 Metrino PRT Recent Developments
5.3 skyTran
5.3.1 skyTran Profile
5.3.2 skyTran Main Business
5.3.3 skyTran Personal Rapid Transit Products, Services and Solutions
5.3.4 skyTran Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.3.5 Vectus Recent Developments
5.4 Vectus
5.4.1 Vectus Profile
5.4.2 Vectus Main Business
5.4.3 Vectus Personal Rapid Transit Products, Services and Solutions
5.4.4 Vectus Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.4.5 Vectus Recent Developments
5.5 2getthere
5.5.1 2getthere Profile
5.5.2 2getthere Main Business
5.5.3 2getthere Personal Rapid Transit Products, Services and Solutions
5.5.4 2getthere Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.5.5 2getthere Recent Developments
5.6 Waymo
5.6.1 Waymo Profile
5.6.2 Waymo Main Business
5.6.3 Waymo Personal Rapid Transit Products, Services and Solutions
5.6.4 Waymo Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.6.5 Waymo Recent Developments
5.7 Mercedes
5.7.1 Mercedes Profile
5.7.2 Mercedes Main Business
5.7.3 Mercedes Personal Rapid Transit Products, Services and Solutions
5.7.4 Mercedes Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.7.5 Mercedes Recent Developments
5.8 General Motors
5.8.1 General Motors Profile
5.8.2 General Motors Main Business
5.8.3 General Motors Personal Rapid Transit Products, Services and Solutions
5.8.4 General Motors Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.8.5 General Motors Recent Developments
5.9 Ultra Global PRT
5.9.1 Ultra Global PRT Profile
5.9.2 Ultra Global PRT Main Business
5.9.3 Ultra Global PRT Personal Rapid Transit Products, Services and Solutions
5.9.4 Ultra Global PRT Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.9.5 Ultra Global PRT Recent Developments
5.10 Boeing
5.10.1 Boeing Profile
5.10.2 Boeing Main Business
5.10.3 Boeing Personal Rapid Transit Products, Services and Solutions
5.10.4 Boeing Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.10.5 Boeing Recent Developments
5.11 Navya
5.11.1 Navya Profile
5.11.2 Navya Main Business
5.11.3 Navya Personal Rapid Transit Products, Services and Solutions
5.11.4 Navya Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.11.5 Navya Recent Developments
5.12 Easymile
5.12.1 Easymile Profile
5.12.2 Easymile Main Business
5.12.3 Easymile Personal Rapid Transit Products, Services and Solutions
5.12.4 Easymile Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.12.5 Easymile Recent Developments
5.13 Baidu (King Long)
5.13.1 Baidu (King Long) Profile
5.13.2 Baidu (King Long) Main Business
5.13.3 Baidu (King Long) Personal Rapid Transit Products, Services and Solutions
5.13.4 Baidu (King Long) Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.13.5 Baidu (King Long) Recent Developments
5.14 Local Motors
5.14.1 Local Motors Profile
5.14.2 Local Motors Main Business
5.14.3 Local Motors Personal Rapid Transit Products, Services and Solutions
5.14.4 Local Motors Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.14.5 Local Motors Recent Developments
5.15 Aurrigo
5.15.1 Aurrigo Profile
5.15.2 Aurrigo Main Business
5.15.3 Aurrigo Personal Rapid Transit Products, Services and Solutions
5.15.4 Aurrigo Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.15.5 Aurrigo Recent Developments
5.16 Westfield
5.16.1 Westfield Profile
5.16.2 Westfield Main Business
5.16.3 Westfield Personal Rapid Transit Products, Services and Solutions
5.16.4 Westfield Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.16.5 Westfield Recent Developments
5.17 Kamaz
5.17.1 Kamaz Profile
5.17.2 Kamaz Main Business
5.17.3 Kamaz Personal Rapid Transit Products, Services and Solutions
5.17.4 Kamaz Personal Rapid Transit Revenue (US$ Million) & (2018-2023)
5.17.5 Kamaz Recent Developments
6 North America
6.1 North America Personal Rapid Transit Market Size by Country (2018-2029)
6.2 United States
6.3 Canada
7 Europe
7.1 Europe Personal Rapid Transit Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Personal Rapid Transit Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Personal Rapid Transit Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Personal Rapid Transit Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Personal Rapid Transit Market Dynamics
11.1 Personal Rapid Transit Industry Trends
11.2 Personal Rapid Transit Market Drivers
11.3 Personal Rapid Transit Market Challenges
11.4 Personal Rapid Transit Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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