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The future of the global automotive monorail system market looks promising with opportunities in large size, medium size and compact size segments. The global automotive monorail system market is expected to grow with a CAGR of 2%-4% from 2021 to 2026. The major drivers for this market are increasing prevalence for cost-effective public transport system, lower cost of construction and growing demand for electric monorails.
Emerging trends, which have a direct impact on the dynamics of the industry, include rising urbanization and industrialization, technological advancement and development in monorail, and development of infrastructure and transportation.
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