Who are the key players in US Monorail Market industry?

The top 5 players in the US Monorail Market are Bombardier Transportation, Hitachi Rail, Mitsubishi Heavy Industries, Scomi Engineering, and CRRC Corporation. These companies are recognized for their technological innovations, extensive project portfolios, and strategic partnerships contributing significantly to the growth and modernization of the US monorail sector.

What is the US Monorail Market market growth?

The US Monorail Market has experienced steady growth, driven by rising urbanization, congestion reduction initiatives, and investments in smart transportation. For instance, Bombardier's recent project expansions in North America have highlighted a strengthening demand, with the market anticipated to grow at a CAGR of over 5% through 2028.

Which segment accounted for the largest US Monorail Market market share?

Urban transit applications held the largest market share in the US Monorail Market. This segment is propelled by city governments prioritizing efficient public transport solutions to mitigate traffic congestion, enhance connectivity, and reduce emissions, making monorail systems ideal for high-density urban environments.

What are the factors driving the US Monorail Market market?

Major drivers include government incentives for sustainable transport, urban population growth, and technological advancements in monorail systems. For example, Hitachi Rail's integration of energy-efficient and automated monorail systems has attracted significant investment from metropolitan authorities aiming to modernize urban transit infrastructure.

Which type accounted for the largest US Monorail Market market share?

Straddle monorail systems accounted for the largest share in the US Monorail Market. These monorails, where trains run on top of the beam, are favored for their larger passenger capacity, stability, and proven reliability in both airport transit and city transport networks.

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US Monorail Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Name: US Monorail Market
Brand: Bussiness Insights

US Monorail Market: by Type (Straddle Type, Suspended Type), Application (Urban Transit, Airport Transit, Amusement Parks, Industrial, Shopping Centers, Others), Distribution Channels (Direct Sales, Distributors, Online, Resellers, System Integrators, Others), Technology (Electromagnetic Suspension, Rubber-Tired Monorail, Automated Monorail, Driverless Monorail, Hybrid Monorail, Others), Organization Size (Small, Medium, Large) and By US Historical & Forecast Period (2020-2035) Comprehensive Study 2025

Last Updated: 23-07-2025 | Format: PDF | Report ID:1347 | Author: Lily

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US Monorail Market Size, Share & Forecast (2025-2035)

The US monorail market is poised for substantial growth, driven by the need for sustainable urban transportation, technological innovation, and urbanization. Monorails use a single rail as their track, often elevated, delivering efficient transit in dense metropolitan environments. This study provides a comprehensive evaluation of current market dynamics, explores key segment contributions, and offers a detailed outlook on market opportunities and future developments. Segmentation covers type, application, distribution channel, technology, and organization size. Leading players are investing in advanced automation and driverless solutions, accelerating market competitiveness and adoption. The report analyzes recent developments and market share data by type, applications, region, and leading vendors, giving stakeholders in-depth, actionable insights for strategic planning.

Latest Market Dynamics

Key Drivers

Adoption of Driverless Monorail Technology: Companies like Siemens AG are deploying next-gen driverless monorail systems, enhancing operational efficiency and safety since 2024.
Integration with Smart Urban Mobility: Mitsubishi Heavy Industries is leading the integration of monorails with IoT-enabled urban transit solutions, allowing seamless multimodal travel for commuters.

Airport Transit Expansion: Major airports are investing in monorail solutions to optimize passenger movement, with BYD Company launching automated systems at US airports in early 2025.
Amusement Park and Leisure Transit: Intamin Group’s recent partnerships with entertainment developers are opening the market for monorails in large amusement parks and shopping centers.

Competition from Alternative Transit Modes: Light rail and electric buses pose competitive threats, with CRRC Corporation reporting slower contract acquisition rates in 2025 compared to previous years.
Limited Retrofitting Options: Retrofitting existing urban landscapes proves complex, as WSP USA’s 2024 report highlighted design challenges integrating monorails into established city centers.

In 2025, the US monorail market is dominated by the Straddle Type, favored for its capacity and stability in urban and airport transit. The Suspended Type is gaining moderate adoption in niche regions, while automated and technologically advanced types such as Electromagnetic Suspension and Hybrid Monorail are emerging as innovative alternatives. The breakdown reflects the ongoing shift towards automation, though core demand remains in established straddle systems.

Urban transit continues to be the key application area for monorails in the US, representing over half the market in 2025 as cities adopt efficient transport systems. Airport transit and amusement parks hold significant shares due to continued expansion projects and an emphasis on convenient passenger movement. The evolving use in industrial sectors and shopping centers indicates a gradual diversification from traditional public transport into commercial and recreational spaces.

The market demonstrates steady revenue growth from 2020 through 2035, with revenues climbing from $980 Million in 2020 to $1,280 Million in 2025, and projected to reach $2,470 Million by 2035. This uptrend reflects the adoption of advanced infrastructure, government support for public transit, and increased private sector participation. Growth rates surge in the latter years as smart city projects intensify and capital investment barriers are reduced.

Year-on-year growth fluctuated between 7.1% and 8.9% from 2020 to 2025, reflecting post-pandemic infrastructure investments and growing urban transport needs. Growth is forecasted to stabilize between 6.3% and 7.2% over 2026-2035 as the market matures, driven by technology upgrades and wider adoption in new application sectors. Occasional dips are associated with macroeconomic fluctuations or regulatory changes influencing project timelines.

By 2025, the Western US leads monorail adoption with 41% market share, driven by large metropolitan initiatives and airport projects. The Southern US follows, benefiting from tourism infrastructure, holding a 28% share. The Northeast and Midwest combine for the remaining 31%, reflecting relatively slower but growing adoption rates in urban transit and industrial applications. Regional strategies and investment profiles shape these disparities across the monorail landscape.

Market leadership in 2025 is concentrated among a few multinational firms. Bombardier Transportation commands the largest share at 23%, thanks to its broad portfolio and robust project pipeline. Hitachi Rail (18%) and Siemens AG (16%) follow with comprehensive solutions and partnerships. Mitsubishi Heavy Industries and BYD Company claim 12% and 10% respectively, while other players collectively account for 21%, indicating competitive momentum and new entrants in the sector.

Public transportation authorities continue as the key buyers, comprising 58% of the market in 2025, reflecting large-scale government investments. Private developers, including those focused on airports, malls, and theme parks, contribute 28%, while the industrial sector and others make up the remaining 14%. The market demonstrates a balanced mix, with public investment dominating but private engagement steadily gaining ground.

Metrics	Details
Years	2020-2035
Base Year	2025
Market Size	Revenue (USD Million)
Regions	West, South, Northeast, Midwest
Segments	By Type, By Application, By Distribution Channel, By Technology, By Organization Size
Players	Bombardier Transportation, Hitachi Rail, Siemens AG, Mitsubishi Heavy Industries, BYD Company, Scomi Engineering, CRRC Corporation, Aerobus International, Intamin Group, Thales Group, WSP USA, Alstom SA, Kawasaki Heavy Industries, The Robbins Company, Doppelmayr Seilbahnen

April 2024: Bombardier Transportation announced the completion of a new automated monorail for the Los Angeles Green Mobility Project.
May 2024: Hitachi Rail launched its digital driverless monorail system with IoT integration in Dallas.
July 2024: BYD Company signed a partnership with JFK International Airport for implementing an advanced airport monorail transit system.
August 2024: Mitsubishi Heavy Industries unveiled their latest hybrid monorail technology at the Urban Transit Expo.
June 2024: Siemens AG secured a contract to deploy a citywide monorail network in Houston, set to go live by 2026.

About the Author

Lily

Senior Market Research Analyst

Lily is a Senior Market Research Analyst specializing in market research, industry analysis, and business consulting across Automotive & Transportation. Lily brings a commercially grounded perspective to sectors shaped by changing demand, innovation, and competitive dynamics, helping turn complex market trends into clear strategic insights for business decision-makers. With 10+ years of experience across research, analytics, and strategic advisory roles, Lily has helped organizations translate data into actionable growth strategies.

Automotive & TransportationMarket ResearchIndustry AnalysisStrategic Consulting

Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
»What is the market size and growth rate of the market for selective countries?
»Which region or sub-segment is expected to drive the market in the forecast period?
»What factors are estimated to drive and restrain the market growth?
»What are the key technological and market trends shaping the market?
»What are the key opportunities in the market?
»What are the key companies operating in the market?
»Which company accounted for the highest market share?

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US Monorail Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

US Monorail Market Size, Share & Forecast (2025-2035)

Latest Market Dynamics

Key Drivers

Key Trends

Key Opportunities

Key Challenges

Key Restraints

Market Share by Type (2025)

Market Share by Application (2025)

US Monorail Market Revenue (USD Million), 2020-2035

Year-on-Year Market Growth (%) 2020-2035

Regional Market Share (%) in the US (2025)

Market Share by Key Players (2025)

Market Share by Buyer Type (2025)

Study Coverage

Key Recent Developments

Frequently Asked Questions

About the Author

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