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Global Monorail Market

Global Monorail Market

Submitted by • February 6, 2020

Monorail Market is expected to witness significant growth during the forecast period due to the growing demand for electric and highly automated vehicles.A monorail is a train, which runs on a single track made either metal or concrete. The wheels of the train are generally powered by the electricity provided through a third rail mounted along the track.The increasing need for sustainability, urbanization, and rising traffic congestion have given the rise to the need for environment-friendly and convenient modes of transportation. Monorails reduce CO2 emission from individual modes of transportation. The use of public transport is also being promoted by governments of various countries to reduce carbon footprint.Monorails also serve a niche market in sightseeing and amusement parks.

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Voted by vanshguptapers

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