February 25, 2024
Automatic Platform Screen Doors Market

Advancements In Urban Transit Infrastructure To Foster Growth Of Automatic Platform Screen Doors Market

Market Overview:

Automatic platform screen doors are motorized glass door systems installed at train stations and metro stations to prevent passengers from falling onto train tracks. They span the full height of the platform and automatically open and close in synchronization with train doors to isolate the areas behind the yellow strip on safety lines. The automatic platform screen doors ensure safety of passengers by restricting their access to tracks when trains arrive or depart. They also control climate inside stations and reduce noise levels around platforms. With rapid urbanization and rising metro rail infrastructure projects globally, the demand for automatic platform screen doors is growing steadily.

The global Automatic Platform Screen Doors Market is estimated to be valued at US$ 13,217.13 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the major trends gaining traction in the automatic platform screen doors market is the growing adoption of contactless technologies. Key market players are focusing on development of contactless screen door systems integrated with technologies such as infrared sensors, proximity sensors and video analytics to facilitate touch-free operations. For instance, in 2021, KTK Group launched KTK Barrier Free, an automatic platform screen door system featured with contactless technologies including infrared sensors, proximity sensors and mobile app controls. These innovations are expected to drive the market growth, especially in the post-COVID era where contactless solutions are gaining more preference.

Porter’s Analysis

Threat of new entrants: Low capital requirements and established brand recognition by existing players make market entry difficult for new players.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute products and differentiation in technology and design offered by different manufacturers.

Bargaining power of suppliers: A few globally organized suppliers exist for critical raw materials used in manufacturing resulting in low bargaining power of suppliers.

Threat of new substitutes: Limited threat from substitute products. Elevator manufacturers continue investing in technologies improving efficiency, reliability and aesthetics of platform screen doors to minimize potential impact of future substitutes.

Competitive rivalry: High due to presence of numerous international and regional players competing on basis of technology, features, reliability and pricing.

Key Takeaways

The Global Automatic Platform Screen Doors Market Size is expected to witness high growth, exhibiting CAGR of 7.4% over the forecast period 2023 to 2030, due to increasing urbanization and rapid infrastructure development especially in developing nations. The market size for 2023 is estimated at US $13217.13 Mn.

Regional analysis: Asia Pacific region dominates Automatic Platform Screen Doors market share currently and is expected to retain its leading position during forecast period. China holds major share in regional market owing to large number of metro projects under implementation across country. India and other South East Asian countries are also prospective markets attributable to extensive investments in mass transit systems.

Key players: Key players operating in the Automatic Platform Screen Doors market are KTK, Shanghai Electric, Westinghouse, Jiacheng, Kangni, Horton Automatics, Nabtesco, Stanley, Fangda, Faiveley, Manusa, Panasonic. Players are focusing on partnerships with system integrators and launching innovative and customized solutions to strengthen their market position.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it