Increasing preference for sustainable traveling solutions to control pollution and streamline the congested traffic will drive the Personal Rapid Transit Market growth. These pod cars are highly efficient for small groups traveling consisting of 3 to 6 people at a time. Pod cars or Personal Rapid Transit are environment-friendly transportation concepts run by solar power and other renewable energy supplies. These transport facilities are noted to reduce around 50% of the carbon emission. PRT operates just like the regular rail and streetcar but is designed to travel above the roads and highway to reduce the congestion.
This report contains market size and forecasts of Personal Rapid Transit in Global, including the following market information:
Global Personal Rapid Transit Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Personal Rapid Transit market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Vehicle Switching Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Personal Rapid Transit include Fairwood Groups, Metrino PRT, skyTran, Vectus, 2getthere, Waymo, Mercedes, General Motors and Ultra Global PRT, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Personal Rapid Transit companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Personal Rapid Transit Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Personal Rapid Transit Market Segment Percentages, by Type, 2021 (%)
Vehicle Switching
Track Switching
Global Personal Rapid Transit Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Personal Rapid Transit Market Segment Percentages, by Application, 2021 (%)
City Centres
Airports
Business and Industrial Parks
Theme Parks and Resorts
Others
Global Personal Rapid Transit Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Personal Rapid Transit Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Personal Rapid Transit revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Personal Rapid Transit revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Fairwood Groups
Metrino PRT
skyTran
Vectus
2getthere
Waymo
Mercedes
General Motors
Ultra Global PRT
Boeing
Navya
Easymile
Baidu (King Long)
Local Motors
Aurrigo
Westfield
Kamaz