Global Platform Screen Doors (PSD) Market Size, Share and Trends Analysis, By Type (Full-Closed Type, Semi-Closed Type, and Half Height Type), By Station Type (New Metro Station and Old Metro Station)

The global platform screen doors (PSD) market is estimated to grow at a CAGR of 6.0% during the forecast period. Platform screen door systems are a sort of mechanical gate that can be seen in a variety of locations, including metro stations, bus stops, and airports. These transit stations’ platform screen doors operate as a barrier between people and the vehicle propulsion area, ensuring passenger safety and security. The global platform screen door system market has benefited from increased infrastructure development and technological advancements. Several countries have invested in the installation of platform screen doors at their transit stations.

 

The full height platform screen door system is implemented in most transit stations to limit the possibility of human error, whereas the half-height platform screen door system market is predicted to grow at a lucrative rate during the forecast period. Factors such as the growing demand for public safety and large transportation infrastructure projects have led the global platform screen door system market. In addition, the global platforms screen door system market growth is hampered by high capital requirements and the need to refurbish existing safety systems. However, an increase in demand for safe, secure, and efficient transportation systems, as well as improvements in railway infrastructure in developing countries, are driving demand for platform screen doors to be installed at transit stations, propelling the global platform screen door system market. Metro stations have a larger application of various types of platform screen door systems, and this trend is projected to continue during the forecast period. This increased use is owing to the rising need to place a safety barrier between the platform and the subway in order to prevent accidents. According to the findings, the use of platform screen doors at airports boosts the demand for platform screen door systems.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Station Type
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Panasonic Corp., Stanley Access Technologies LLC., and Toshi Automatic Systems Pvt. Ltd., among others.

 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global Platform Screen Doors (PSD) Market Report by Segment

By Type

• Full-Closed Type
• Semi-Closed Type
• Half Height Type

By Station Type

• New Metro Station
• Old Metro Station

 

Global Platform Screen Doors (PSD) Market Report by Region

North America

• US
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa