Global Aerial Cable Car Equipment Market: Introduction
Flexibility and cost-effectiveness of aerial cable cars is leading to increasing use of this transportation option in public transport systems in cities, towns, and urban areas. A cable car or aerial lift is a method of transportation in which people are transported from one place to another by means of a cabin or cable car that is supported by multiple cables above the ground. These transportation equipment known as aerial cable cars are generally built in mountainous terrains where building a road is difficult and it can easily cross ravines and rivers.
Global Aerial Cable Car Equipment Market: Competitive Landscape
Doppelmayr/Garaventa Group was formed in 1893 by Konrad Doppelmayr and is headquartered in Wolfurt, Austria. The company is a global leader in ropeway engineering. The company’s product portfolio includes funicular railways, reversible aerial tramway, pulsed movement aerial ropeway, funifor, funitel, 3S gondola lift, combination lift, detachable gondola lift, detachable chairlift, fixed-grip chairlift, surface lift, cable liner, avalanche blasting ropeway, material ropeway, and monorack. Doppelmayr/Garaventa Group has manufacturing plants, and sales and service centers across 40 countries across the globe. The company has built over 15,000 installations of aerial cable cars for customers in close to 96 nations around the world. Doppelmayr/Garaventa Group has subsidiaries across North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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Leitner Ropeways was formed in 1888 by Gabriel Leitner and is headquartered in Vipiteno, Italy. Leitner Ropeways is part of the High Technology Industries (HTI) Group. The product portfolio of Leitner Ropeways consists of detachable gondola lifts, detachable chairlifts, detachable chairlifts, surface lifts, funiculars, tri-cable and bi-cable gondola lifts, aerial tramways, reversible gondola ropeways, inclined elevators, material ropeways, etc.
Global Aerial Cable Car Equipment Market: Dynamics
Rise in tourism across the world and increasing participation in winter sports driving the demand for ropeway/ aerial cable cars
According to global tourism industry body, World Travel & Tourism Council (WTTC), the global travel & tourism industry has grown from US$ 6.03 Trillion in 2006 and reached US$ 8.27 Trillion by 2017, expanding at a CAGR of 2.9%. Globally, rise in population of the middle class in emerging economies, increase in travel frequency of millennial population compared to other generations, and increased awareness among youth about travel destinations are increasing the market size of the global travel and tourism market. Winter sports in Europe and North America is seeing increasing participation. All these factors are increasing the demand for aerial cable cars or ropeways across these regions. Rise in demand for aerial cable cars in global travel and tourism industry is increasing the sale of aerial cable car equipment across the globe.
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Global Aerial Cable Car Equipment Market: Segmentation
The global aerial cable car Equipment market can be segmented based on:
- Equipment Type
- Product Type
Global Aerial Cable Car Equipment Market, by Equipment Type
- Fixed Grip Installations/ Equipment
- Gondola ropeways
- Detachable Installations/ Equipment
- Mono-cable Gondola Lifts
- Aerial Tramways
- Others (Bi-cable, Tri-cable, Surface Lift, Material Ropeways, Inclined Lifts, etc.)
Global Aerial Cable Car Equipment Market, by Application
- Public Transportation
- Material Handling
Global Aerial Cable Car Equipment Market, by Product Type
- Original Equipment Manufacturers (OEMs)
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