Global Cable Car & Ropeways Market Size By Type (Aerial Tramways, Chairlifts), By Application (Tourism, Public Transportation), By Region, And Segment Forecasts, 2023 to 2031

The Global Cable Car & Ropeways Market was valued at USD 3.4 billion in 2023 and is projected to reach USD 5.8 billion by 2031, registering a CAGR of 6.8% during the forecast period (2023–2031). The growth is attributed to the rising demand for sustainable transport solutions in urban areas, increasing popularity of adventure tourism, and the cost-effectiveness of cable cars for transportation in hilly terrains.

These systems are increasingly used for tourism and urban transport, offering an eco-friendly and efficient solution for traffic congestion in cities and providing access to remote areas. The integration of advanced technologies, including automation and IoT, is further enhancing their appeal.

Drivers:

Urban Mobility Demand: The growing need for efficient, sustainable, and cost-effective urban transport solutions is driving the adoption of cable cars.

Tourism Growth: Rising tourism activities in mountainous regions and scenic locations are significantly boosting the demand.

Eco-Friendly Transport: Cable cars are energy-efficient, have minimal environmental impact, and contribute to reducing urban pollution.

Restraints:

High Initial Costs: The setup cost, including infrastructure, is substantial and may deter adoption in emerging economies.

Regulatory Challenges: Compliance with stringent safety and operational standards can hinder market expansion.

Opportunities:

Emerging Markets: Developing countries in Asia-Pacific and Latin America provide vast growth potential due to urbanization and tourism.

Technological Integration: Innovations such as automated systems, advanced safety mechanisms, and solar-powered cable cars present new opportunities.

Market by System Type Insights:

The Monocable System segment dominated the market in 2023 due to its cost-efficiency and suitability for both tourism and urban transport. However, the Bicable & Tricable Systems are expected to witness higher growth during the forecast period owing to their ability to handle steeper gradients and heavier loads.

Market by End-Use Insights:

Tourism Segment: Accounted for the largest revenue share in 2023, driven by increasing adventure tourism and scenic transport demands.

Urban Transport Segment: Expected to grow significantly, fueled by rising urbanization and the need for innovative mass transit solutions.

Market by Regional Insights:

North America held the largest market share in 2023, supported by the presence of advanced tourism infrastructure and growing investments in urban transport solutions.

Asia-Pacific is projected to experience the highest growth rate due to rapid urbanization and increasing tourism in countries like China, India, and Japan.

Competitive Scenario:

Key players in the Global Cable Car & Ropeways Market include Doppelmayr Group, Leitner AG, POMA Group, Bartholet Maschinenbau AG, Nippon Cable Co., Ltd., and CCM Finotello. Companies are focusing on strategic partnerships, expanding their global footprint, and investing in technology to strengthen their market position. Recent developments include:

Doppelmayr Group's launch of a solar-powered cable car system in 2023.

Leitner AG's introduction of a high-capacity urban cable car solution in 2024.

POMA Group's collaboration with a European city for implementing an automated urban ropeway network in 2025.

Scope of Work – Global Cable Car & Ropeways Market