Cable Car & Ropeways Market Research Report To Design A
Cohesive And Predictive Business Strategy
Cable Car & Ropeways Market research provides industry analysis
by type, manufacturer, application along with key factors
influencing the growth of the market which include growth drivers,
restraints, opportunities and challenges, strategically profile key
players and comprehensively analyze their market share and core
competencies.
Cable transportation systems includes cables, to travel from one end to another, especially at
high altitudes places. Ropeways are generally used as a public transportation systems for
carrying goods & passengers in cities as well as in mountain areas. Global cable car & ropeway
market is expected to witness moderate growth during the forecast period. This market growth is
attributed to increasing adoption of cable cars & ropeways in tourism industry to attract more
customer base, introduction of cable cars in public transport, steady growth of material handling
industry where ropeways & cable cars are used for transit, and introduction of technologically
advanced products by key market players. For instance, in 2016, Government of India launched
an initiative to develop cable cars at four locations in Karnataka, to promote tourism activities.
However, high costs associated with these airlifts and stringent safety & security norms such as
EU cableway directive 2000/9/EC, which relates to installations designed to carry a person, may
hamper the market growth.
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Constant technological advancements is one of the major factors for growth of cable cars and
ropeways market. For instance, The Doppelmayr/Garaventa Group offers tricable gondola