Published by Coherent Market Insights
Posted on September 14, 2021
4 min readLast updated: February 10, 2026
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United States/WA: The global cable cars & ropeways market was accounted for US$ 3,667.2 Million in terms of value in 2019 and is expected to grow at a CAGR of 11.90% during the forecast period (2019-2027).
Overview
The original model of cable cars had little in the way of design or appearance and was used strictly as an aerial tramway. Over the years, many changes have been made to improve the experience for passengers. Now, the design of most cable car systems allows passengers to sit in a bucket seat at the front of the train or sit in a bucket located at the back of the car. Ropeways are commonly seen on inner-city streets and have been converted into luxury apartments. They are usually long, narrow, and have comfortable amenities like air-conditioning, cable TV, and private balconies that offer a fantastic view. Many of the more expensive ropeways are actually franchises of existing hotels and are managed by the hotel staff.
Competitive Landscape
Major companies contributing in the global cable cars & ropeways market include MND Group, POMA Group, Leitner S.P.A., Doppelmayr/Garaventa Group, Damodar Ropeways & Infra, Conveyor & Ropeway Services, Nippon Cable, and Bartholet Maschinenbau AG (BMF).
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Drivers
Growing demand for ropeways and cable cars in the high-altitude and other mountainous regions among tourists for better sightseeing and picture-clicking moments is expected to propel the growth of the cable cars & ropeways market throughout the forecast period.
Rising demand for gondola lifts in urban cities such as San Francisco, Vancouver, Cape Town, and others which are surrounded by hilly regions is expected to support the growth of the cable cars & ropeways market during the forecast period.
The Epitome of the COVID-19 Aftermath
The global cable cars & ropeways market had received a big blow from the emergence of the COVID-19 virus. The pandemic-led restrictions on travel, including inter-state and inter-city movements, had significantly reduced the number of tourists visiting holiday locations. Although, the market witnessed a complete ‘reverse effect’ on the gradual easement of restrictions as the airports were crowded in the wake of the holiday season in January 2021.
Key Trends
The cable car & ropeways market is estimated to grow at a CAGR of XX % over the forecast period owing to the impetus from the tourism industry and moderate demand from the industrial sector. For instance, according to the India Brand Equity Foundation (IBEF), the Indian tourism industry is projected to attain a market valuation of US$ 488 billion by 2029.
In the territorial breakdown, the cable cars & ropeways market in the European region is teeming with attractions for the market players on the heels of a vast area covered by hilly terrains coupled with the wider adoption of cable cars in this region.
In parallel, the North American region is also posing positive prospects for the cable cars & ropeways market in the light of numerous exotic locations present in the region and high number of adventure-seeking enthusiasts.
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Global Cable Cars & Ropeways Market, By Product Type (Inclined Lifts, Aerial Tramways, Chair Lifts (Detachable and Fixed Grip), Material Ropeways, Gondola Lifts (Tricable, Monocable, and Bi-cable), Surface Lifts, and Funicular Ropeways), By End Use (Public Transport, Material ahandling (Mining, Others), and Tourism), by Category (MRO Service and Installation Service), and by Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa) is projected to attain a market valuation of US$ XX million in 2021 and is anticipated to grow at a CAGR of XX% during the forecast period (2021-2028), as mentioned in a new report published by Coherent Market Insights.
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The post [PDF] Cable Cars & Ropeways Market sees a great future in the view of growing tourism in the high-altitude regions and rising demand from the tier-I cities appeared first on Gatorledger.
The global cable cars and ropeways market is expected to grow at a CAGR of 11.90% during the forecast period.
The cable cars and ropeways market experienced a significant decline due to COVID-19, with restrictions on travel affecting inter-state and inter-city movements.
Both the North American and European regions are showing positive prospects for the cable cars and ropeways market due to numerous attractions and high tourist activity.
The growing demand for cable cars and ropeways in high-altitude regions for sightseeing and the rising popularity of gondola lifts in urban areas are key drivers of market growth.
Major companies in the global cable cars and ropeways market include MND Group, POMA Group, Leitner S.P.A., and Doppelmayr/Garaventa Group.
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