Global Monorail Tire Market size was valued US$ XX Mn. in 2019 and the total revenue is expected to grow at a CAGR of 23% from 2020 to 2027, reaching nearly US$ XX Mn.
Global Monorail Tire Market: Overview
Monorail is a type of railway which is run only on elevated track. Monorail runs on concrete track and it uses rubber tires to run on that track. Monorail is in operation due to rubber tires. The monorail tires are highly customized according to different size and shape as per application. Monorail consists of four steering and eight loading tires and about 32 tires for guiding car train. Monorails are ideal for intercity traffic solution and employed in congested urban cities. Monorails are simple in design and easy to operate in such areas.