Automatic Platform Screen Doors Market to see Huge Growth by 2028

The global automatic platform screen doors market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period. Technologies such as AI, IoT, and 5G are poised to drastically transform public transportation, in terms of efficiency, flexibility, and cost-effectiveness. The growing implementation of automation, IoT, and digital tools on the platform for remote accessing and controlling platforms activities is driving the adoption of automatic platform screen doors on new and existing platforms. These doors provide improved security by restricting access to the tracks and tunnels, improving climate control within the station, and reducing the risk of accidents, especially from service trains passing through the station at high speeds. Thus, governments across the globe are investing to modernize the transit infrastructure which is fueling the demand for automatic platform screen doors.

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For instance, in February 2021, the federal government of Canada invested $11.7 billion in public transit over the next eight years, which includes an upfront investment of $4.6 billion and a permanent $2.4 billion per year starting in 2026. In June 2022, the European Commission selected 135 transport infrastructure projects for EU grants. The funding will support projects across all EU member states along the trans-European transport network (TEN-T). These projects will boost the EU's railway network. Further investment in the deployment of the European rail traffic management system will make rail smarter, interoperable, and safer.

Further, in June 2022, Knorr-Bremse acquired a majority stake in Spanish company Cojali S.L. With this contract the company aims to strengthen its position as a systems partner for customers in the global growth market of digital, connected solutions. Capturing long-term business opportunities is an integral part of Knorr-Bremse's strategy. With the acquisition, the company's major motive is to invest in the growing market for connectivity applications and developed the company's own digitalization expertise.

Market Coverage

• The market number available for - 2021-2028

• Base year- 2021

• Forecast period- 2022-2028

Segment Covered-

· By Type

· By Application

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- including Nabtesco Corp., Samjung Tech Co.,Ltd., Zhuzhou CRRC Times Electric Co., Ltd., Knorr-Bremse AG, Nippon Signal Co.,Ltd. and others.

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Automatic Platform Screen Doors Market Report Segment

By Type

• Full and Half Height Type

• Full-Closed Type

• Semi-Closed Type

By Application

• Metro Systems

• Light Rail Vehicles

• Open-air Tram Stations

• Others (Bus Stops)

Automatic Platform Screen Doors Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Entrance Solution Ltd.

• Gilgen Door Systems UK Ltd.

• Horton Automatics

• Kyosan Electric Manufacturing Co., Ltd.

• LongLasst Inc

• NRT Corp.

• Sai Synergy LLP

• Schaltbau Holding AG

• Shanghai Jiacheng Railway Transportation Safety System Co., Ltd.

• Singapore Technologies Engineering Ltd.

• Stanley Access Technologies LLC

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