The mass transportation systems have been undergoing a sea change in terms of safety ideas and initiatives, given that public safety has made its way to the pinnacle of government responsibilities. With both governments as well as common masses voicing the need for safety systems, platform screen doors have been gaining massive popularity across fast-growing metropolitan cities.
Risk minimization in public transport spaces has always been a long-term goal for governments across various economies, and will always continue as a focal-point. As platform accidents have always been a key concern injuring and killing millions, the necessity of effective systems for safe loading and unloading of passengers continued vexing minds of governments and common masses alike from the last ‘n’ number of years. One of the initial solutions was this ‘mind the gap’ warnings in both audio and visual formats, and staircases helping passengers with safe boarding joined the fray.
Platform screen doors marked a full-stop to these conventional tactics and were highly acknowledged for their unmatched effectiveness. Sensing the growing penetration of platform screen doors in the recent years, which is likely to further scale upwards in the near future, Persistence Market Research (PMR) offers an extensive investigation into this evolving landscape.
Platform Screen Doors – The Evolution Map
From being a newbie in safety apparatus of Russia & Singapore rapid transit systems in the 1900s to being a passenger security staple globally, platform screen doors have come a really long way. Platform screen doors are not only being set-up in newly built stations but are also being retrofitted in existing station spaces. Apart from safety being the larger and bigger objective, platform screen doors are also being enormously acknowledged for their contribution to the overall passenger comfort and stations’ aesthetic appeal.
In the coming 10 years, deployment of platform screen doors is estimated to gain new heights and brands offering platform screen doors will, in turn, get access to newer revenue streams that remain untapped and unexplored. Though there is a fair level of competition from conventional methods of passenger management, automated versions of platform screen doors are picking pace and are likely to see tectonic penetration across railway stations worldwide. The platform screen doors market is estimated to be valued at ~ US$ 861.1 Mn in 2019. Market gains are further upheld by governmental schemes that reinforce deployment of platform screen doors in the largest possible numbers.
Platform Screen Doors Market - Undercurrents Governing Adoption
Platform Screen Doors with Fixed Digital Monitors – A Prominent Trend
Companies operating in the platform screen doors are vying to crack the innovation code, which would make their product stand out in the competitive space. One of such innovations is the launch of digital monitors affixed on the screens, which again is for advertising their products and reaping sizeable benefits out of it.
Production Oscillation between ‘Standard’ to ‘Custom-Made’
The production paradigms of platform screen doors oscillate between standard and tailor-made types, both being in sync with the end-user needs. Though standard platform screen doors see considerable demand, companies will continue getting profitable contracts for manufacturing custom-made platform screen doors as per various dimension considerations.
Platform Screen Doors Market – Winning Strategies of Brands
Rendering cordial relationships with liaisons continues to be the best way forward for market players to retain sales performances in the platform screen doors market. As the revenues of market players hinge on the type and nature of projects they land on, it becomes imperative for the brands operating in platform screen doors market to nourish their relationships with the ‘middle men’. Companies are also focusing on offering custom-made platform screen doors according to specific platform dimensions- an aspect that differs across diverse platform spaces.
Manufacturers are eyeing major opportunities brimming in Europe and Asia, given that Europe and Asia are witnessing extensive deployment of platform screen doors in the past few years. Integration of high-intensity sensors and alarms remains a key focal point for the manufacturers of platform screen doors market, for the fact that these inclusions would play a pivotal role in fixing product incompetency. Heavy dependence on local markets will prove to be a key bottleneck for manufacturers, primarily for the ones endeavouring geographical expansion.
Platform Screen Doors Market – The Competitive Landscape
The platform screen doors market reflects a consolidated structure owing to presence of limited players with strong portfolios. The leading players, namely
command nearly 50-60% of the global market share via strong value propositions. The market partakers are focusing on the right balance of R&D for new innovations, seamless delivery of products, effective marketing & promotions, and long-term contracts with end users. In addition, key players are also focusing on acquisitions and takeovers to further expand their sphere of influence.
Platform Screen Doors Market – Analyst’s Perspective
As the platform screen doors market showcases unvarying growth in the future, analysts are of the opinion that the market would see several innovations, in terms of product, marketing, and sales channels. Key players in the platform screen doors market are focusing beyond local markets and looking for ways to expand their footprint across other regions promising newer opportunities. Though the market is in its growing stage, the adoption of platform screen doors will see a multifold increase, as passenger safety continues lies at the heart of successful mass transit systems.
Sprawling Driverless Metro Train Network to Accelerate Demand for Platform Screen Doors in the Coming Decades
Platform screen doors (PSD) are automatically operated doors used in subways and elevated metro train platforms to cut-off or hide the platform from the railway. Platform screen doors are also available in the global market as PSD doors and play a vital role in the conservation of energy in the railway sector.
These doors are installed for passenger security purposes, as they only open when the metro train stops at the station. Moreover, a single unit of platform screen door comprises of two digital displays and two emergency exit doors, which can be operated manually. In this global study, PMR has assumed that platform screen doors are installed only on one side of a metro train platform.
The global platform screen doors market has been continuously studied with a deep understanding of the macro and forecast factors to provide deep analysis to clients. Rising automation in rapid mass transit is projected to drive the global demand for platform screen doors over the coming period.
The global platform screen doors market is expected to grow at an approximate CAGR of ~ 7.0%, and is estimated to reach a value of ~ US$ 1,800 Mn by the end of the forecast period. Moreover, in the global study of platform screen doors, PMR considers only the new sales of platform screen doors across the historical and forecast period.
Increasing Number of Underground Metro Train Projects among Vital Factors Driving the Global Market
By product type, the global platform screen doors market is categorized into full height, semi height, and half height. The full height segment is projected to register a significant business opportunity over the slated time period. In addition, the increasing number of underground metro train platforms, coupled with rising awareness pertaining to automated technology for metro trains, is also estimated to accelerate the sales of platform screen doors over the stipulated time period. Moreover, regional governments are also interested in investing a significant amount on the development of new metro train stations, which is projected to bolster the sales of platform screen doors over the coming decades. Furthermore, the retrofitting of platform screen doors for old metro train stations is also projected to significantly boost the sales of platform screen doors over the forecast period.
New Metro Stations Segment Projected to Paramount in Global Market
The new metro train segment is anticipated to gain noteworthy traction in the global platform screen doors market owing to significant growth in the number of automated metro trains across the world. Moreover, rising digitalization in the existing metro train network is also a vital driver of the global platform screen doors market over the coming decades. However, the old metro train stations segment is projected to grow with a CAGR of 6.0% owing to rising focus on passenger safety. For this, regional railway ministries are installing customized platform screen doors for old metro train stations. As this exercise is costly because of the requirement of an entire customized assembly of platform screen doors, leading manufacturers are strategically supplying half height and semi height platform screen doors.
Two Platform Segment to Gain Significant Traction in Platform Screen Doors Market
In the global platform screen doors market, the two platform segment is expected to grow with a healthy growth rate over the forecast period due to noteworthy demand for platform screen doors, especially from the two platform type metro train stations. For instance, a renowned company Gilgen Doors System has retrofitted half height type platform screen doors for various metro train stations in China, the UK, and Sweden, among other countries. However, the more than two platform segment is also expected to grow with a CAGR of ~ 7% owing to the increasing installation of PSD doors for two platform type metro train stations. Moreover, the one platform segment is estimated to grow with a relatively low share throughout the forecast period owing to the low presence of one platform type automated metro train stations across the world.
Europe and East Asia to Register Significant Potential in Global Market
In the global platform screen doors market, the Europe and East Asia regions are estimated to witness a healthy growth rate over the forecast period due to the rapid growth of driverless metro trains across the world in the coming years. Moreover, East Asia is followed by North America and South Asia in the global platform screen doors market owing to significant digitalization in the existing metro train network, coupled with healthy growth in metro train passenger density, which is, in turn, projected to boost the demand as well as sales of platform screen doors in these regions in the coming decades.
In the global market, Latin America is anticipated to hold a share of ~ 1% throughout the forecast period because of the inadequacy of automated metro train networks, which is expected to significantly boost the global platform screen doors market over the next ten years. Saudi Arabia, Australia, and Russia are considered as emerging countries in the global platform screen doors market owing to the rising adoption rate of driverless metro train networks over the coming years.
Platform Screen Doors Market Structure
The global platform screen doors market is consolidated due to the presence of limited companies in the market. Moreover, Tier 1 players are generating nearly US$ 450 Mn through the sales of platform screen doors across the globe. According to a global in-depth study, Knorr-Bremse AG and Nabtesco Corporation are projected to account for a prominent share in the global platform screen doors market.
Key Questions Answered in the Platform Screen Doors Market Report
Persistence Market Research (PMR) recently published a new research analysis on the platform screen doors market for the assessment period of 2019-2029. The research study on platform screen doors market offers a close look at the evolving aspects of platform screen doors market and also about dynamics impacting market growth. The research study focuses on key developments that have made their mark in the platform screen doors market and what other developments are on the cards. The report talks about various macro- and micro-economic factors responsible having in-depth impact on growth of platform screen doors market.
The research study on platform screen doors market extensively focuses on the key trends shaping growth. In addition, this opportunity analysis on platform screen doors market underlines untapped corners for the aspiring players to make a note of. In addition, this research study on platform screen doors market also offers a panoramic view of the incremental opportunity, which can further help readers and aspiring players to make well-informed decisions.
Several stakeholders in the platform screen doors market can rely on the data offered in this research study and delve into pragmatic decision-making. Moreover, information offered in the platform screen doors market also helps new market entrants to expand their bases in the platform screen doors market.
The report elaborates on both the historical and current trends moulding the growth of platform screen doors market. The performance journey of the platform screen doors market has been drawn and analyzed in way that the lucrative side of the market is evident to the readers. Competitive landscape presented in the platform screen doors market report gives a detailed outlook of profiles of key companies operating in the market, along with their differential strategies and key focus areas.
Platform Screen Doors Market: Taxonomy
PMR’s research study on global platform screen doors market offers a detailed market taxonomy, wherein the key segments have been discussed in detail. The segmentation of the platform screen doors market has been offered on the basis of platform, product type, and station type. Every segment has been analyzed in detail and data pertaining to growth of each segment has been included in the study.
New Metro Stations
Old Metro Stations
More than One Platform
Platform Screen Doors Market: Key Questions Answered in the Report
The research study on platform screens market offers inclusive insights about growth of the market in the most comprehensible manner for better understanding of users. The insights offered in platform screen doors answer some of the most salient questions that assist the stakeholders gauge all the emerging possibilities.
Platform Screen Doors Market: Research Methodology
A unique and promising research methodology forms the base of platform screen doors market during the forecast period. The report has been prepared after a comprehensive analysis of the market happenings and then riveting insights have been compiled meticulously. The research methodology for platform screen doors market has been is a two-step process comprising of primary and secondary research. Key stakeholders, including platform screen doors manufacturers, suppliers, and distributors have been interviewed and experts of several designations, including executive vice presidents, directors, service engineers, technical advisor, GM marketing professionals, and sales professionals.
Secondary sources referred to garner the report findings include investor presentations of manufacturers, world bank, IMF, International Railway Safety Council, and many other credible sources.