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Platform Screen Door System Market Share

Report ID: GMI9006
Published Date: Apr 2024
Report Format: PDF

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Platform Screen Door System Market Share

Nabtesco Corporation and Nanjing Kangni Mechanical & Electrical Co., Ltd. held a significant share of over 15% in the global market in 2023. Nabtesco Corporation is a Japanese company offering a wide range of precision machinery and equipment. In the global market, the company provides innovative solutions for metro and railway stations. Their offerings include advanced platform screen door systems that enhance passenger safety, improve crowd management, and contribute to the efficiency and reliability of public transportation systems worldwide.

Nanjing Kangni Mechanical & Electrical Co., Ltd. is a leading provider in the platform screen door system industry. Specializing in research, development, and manufacturing, they offer innovative PSD solutions for metro and railway stations worldwide. Their products focus on enhancing passenger safety, optimizing crowd management, and improving operational efficiency, contributing to the modernization of public transportation systems.

Platform Screen Door System Market Companies

Major players operating in the industry are:

Nabtesco Corporation
Nanjing Kangni Mechanical & Electrical Co., Ltd.
Zhuzhou CRRC Times Electric Co., Ltd.
Knorr-Bremse AG

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The industry size for platform screen door system was valued at USD 980 million in 2023 and is estimated to register 5.5% CAGR between 2024 and 2032, driven by enhanced passenger safety and security measures.

The full-closed segment in the platform screen door system industry is expected to register 6.5% CAGR during 2024-2032, as they establish a physical barrier between passengers and the rails, lowering the risk of incidents such as falls or unlawful access.

Asia Pacific market generated 55% revenue share in 2023, attributed to the rapid urbanization, growing public transit systems, and increased emphasis on passenger safety.

Nabtesco Corporation, Nanjing Kangni Mechanical & Electrical Co., Ltd., Zhuzhou CRRC Times Electric Co., Ltd. and Knorr-Bremse AG