Monorail Systems Market expected to reach USD 9.725 billion by 2030

Monorail Systems Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the monorail systems market will expand from USD 7.987 billion in 2025 to USD 9.725 billion in 2030 at a CAGR of 4.02% during the forecast period.

A monorail system is a kind of rail system that has a track that hangs in the air and is used for suspended working platforms to be moved for maintenance work. The track can straddle the rail or be suspended from it. Monorails have just one rail track system on which to run, unlike traditional railways. Although most monorail networks are elevated, some monorails can run at grade level or underground with varying parameters tailored to different urban environments and transport use cases.

Several factors influence the increment in monorail systems globally, such as population growth requiring the provision of efficient mass transportation solutions. Moreover, the rise in demand for sustainable public transport, which offers less traffic congestion and lower noise pollution, like magnetic levitation monorails, will promote the expansion of the market. They are cheaper, have a lower carbon footprint, and require less maintenance, leading to higher adoption of these systems in the world.

Monorail Systems Market Report Highlights

• The straddle monorail segment is estimated to hold the dominant market share by 2030 in the type segment. It is due to the flexibility of the system in dense urban regions, along with the cost-effectiveness. It offers a system to seamlessly navigate the gradients and compatibility for high-capacity transit of the public.
• The completely autonomous segment is the fastest-growing segment in the autonomy of the monorail systems market. The market is expected to decrease operational costs and advance safety, such as decreasing human error. The increase in a completely autonomous monorail system is also driven by the increase in scalability offered in smart cities.
• The electric monorail segment is expected to experience substantial growth in the propulsion type in the market around the world. It is growing in demand for a low carbon footprint, along with the growing sustainability trend. This type of system offers energy efficiency like regenerative braking, and aligns with the cost savings in operation factors with renewable grids.

• North America is expected to have a major share of the worldwide market of monorail systems during the forecasted period. The region is strongly invested in the infrastructure development project, along with an increase in advancement, especially in the United States. Further, the rise in public and private companies’ collaboration for addressing the urban growth with the development of smart cities is also contributing to the regional market.

Report Coverage:

Report Metric	Details
Market Size Value in 2025	US$7.987 billion
Market Size Value in 2030	US$9.725 billion
Growth Rate	CAGR of 4.02%
Drivers	Growing Population and Rising Congestion Rapid Urbanization and Smart-City Programs
Restraints	High Cost of Initial Installation and Maintenance Integration Challenges with Existing Infrastructure
Segments Covered	Type Autonomy Propulsion Type Geography
Companies Covered	Alstom Hitachi Rail Rostek Storee Construction Co. Atlas Anchor Systems

Monorail Systems Market Growth Drivers and Restraints

Growth Drivers:

• Growing Population and Rising Congestion: The rise in population requires less space for functioning, which monorail systems provide than conventional railway, hence it is suitable for high population density regions. According to the United Nations Population Fund (UNFPA), the total population growth in the world was estimated to be 8,119 million in 2024. The highest rise in population was observed in developing countries like India accounted for 1441.7 million, while in China, it was recorded to be 1425.2 million in 2024. The other countries, such as the USA, Canada, Russia, and Germany, accounted for 341.8 million, 39.1 million, 144 million, and 83.3 million, respectively, in 2024.
• Rapid Urbanization and Smart-City Programs: The expansion of the monorail system is mainly driven by urbanization. With the subsequent increase in urban population pressures on metropolitan areas, they provide an efficient means of mass transportation that can help ease traffic congestion in jam-packed cities. Single-rail monorails can also ease traffic jams and reduce exhaust emissions, as they operate with their track points raised well above ground level.

Further, monorails, being single-track systems, take up less space and are suitable options compared to traditional railways in densely populated urban areas. Our World in Data data on urbanization shows a consistent increment in individuals living in urban areas from 55.8% share of the population residing in global urbanized areas in 2021 to accounting for 56.6% in 2023. This increased demand for efficient transportation systems, like monorail systems which will contribute to the monorail system market expansion in the coming years.

Restraints:

• High Cost of Initial Installation and Maintenance: The monorail system construction cost demand for a significant upfront cost. Along with the maintenance of these monorail systems, such as component replacement and regular safety inspection, can also add to the ongoing costs which can limit its adoption.
• Integration Challenges with Existing Infrastructure: The compatibility issue of monorails with existing infrastructure hampers the seamless mobility of buses and metros and decreases the ridership potential, which could restrain the market.

Monorail Systems Market Key Development

• Product Launch / Project Announcement: In May 2025, Ricardo announced that it had been appointed as an integrated delivery partner in collaboration with CRCC and Hassan Allam for a new monorail in Riyadh’s King Abdullah Financial District (KAFD). It is in alignment to link residential, business, and entertainment in the district and also connect the district with Riyadh metro line 2 for enhancing the regional network connectivity.

Monorail Systems Market Segmentation

Knowledge Sourcing Intelligence has segmented the Monorail Systems Market based on type, autonomy, propulsion type, and region:

Monorail Systems Market, By Type

• Straddle Monorail
• Suspended Monorail

Monorail Systems Market, By Autonomy

• Semi-Autonomous
• Completely Autonomous
• Manual

Monorail Systems Market, By Propulsion Type

• Electric Monorail
• Maglev Monorail

Monorail Systems Market, By Region

• North America
  • USA
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Others
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Others
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Taiwan
  • Thailand
  • Others

Monorail Systems Market Key Players

• Alstom
• Hitachi Rail
• Rostek
• Storee Construction Co.
• Atlas Anchor Systems
• Pentanova
• AFE Crane
• Munck Cranes
• Metreel
• Mese Group