LocomotiveMarket is projected to be worth USD 25.7 billion by 2027,registering a CAGR of 11.61% during the forecast period (2022-2030)
Builders are ramping up production and at the same time continuingto tweak product lines in order to meet railroads efficiency and
environmental-compliance needs along with demands for enhanced electronics
associated with distributed power initiatives and positive train control (PTC)
implementation.
Increasing rate of urbanization is contributing towards the growthof locomotive industry among the general public. Expansion of rail networks in
majority of developed as well as developing nations as well as increasing
concern amongst the individuals regarding environmental sustainability has lead
to a positive impact on the global locomotives market. Significant investment
by authorities across the globe in development of railway infrastructure for
freight and high speed trains has also resulted in the growth of global Locomotive
Market.
Locomotive Market Segmentation
The global locomotive market has been segmented based ontechnology, type, and component. On the basis of type, the market for
locomotive is segmented based on diesel, electric and others. Additionally, the
market on the basis of technology, is segmented into IGBT Module, GTO Thyristor
and SiC Module. The global market for locomotive is also covered based on the
component segment which is further split into rectifier, inverter, traction
motor, alternator and others.
Factors like technological upgradation in locomotives and growingpopulation support the locomotive market growth. The performance of the
locomotive market has also been studied for the past and current years.
Additionally, the locomotive market report provides analysis of these segments.
The locomotive market segmental analysis provided in the report offers major
details about the locomotive market based on the data and forecasts till 2025.
Key Players
- CRRC Corporation Limited
- AEG Power Solutions
- Siemens AG
- Alstom S.A
- GE Transportation
- Transmashholding
- EMD Caterpillar
- Kawasaki Heavy Industries
- Stadler Rail
- Bombardier Transportation
Locomotive Market Regional Overview
Companies in the locomotive market are spread across the world.The locomotive market report provides major information about regional markets
of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The
North American locomotive market has many companies across the United States,
Canada, and Mexico.
The locomotivemarket of the Middle East, Africa, and other regions has also been studied by
analysts. The regional analysis of the locomotive market can be found in the
market research report. Europe has companies in the locomotive market across
Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of
the locomotive market across India, China, and Japan in the Asia-Pacific region
is also presented in the report.
Locomotive Market Competitive Landscape
The locomotive market is supported by increasing use of technologyacross different industry verticals. The population growth around the world and
increasing demand of locomotive market based services and products also support
the market growth. However, the locomotive market growth can be affected due to
capital-insensitivity of railway vehicles. The report covers all such details
which will help companies in the locomotive market to strengthen their business
plan and improve their product portfolio.
The locomotive market research report also provides companyprofiles of major companies. The company profiles of many organizations
operating in the locomotive market report highlights crucial details like
company size, revenue growth, and details of mergers and acquisitions taking
place in the locomotive market. New companies and established businesses can
plan their strategies based on this data provided in the locomotive market
research report.
Locomotive Industry News
Bulgarian railway company BDZ Passengers reported that the firstof 20 electric engines to be revamped had been obtained and placed into
service. The company also plans to acquire another locomotive in the coming
months, as stated in an official statement. Consortium Railway Services
consists of the Czech-based Ceskomoravska Zeleznicni Opravna, which owns an 83%
stake, and the Bulgarian TBD-Tovarni Prevozi.
Segmentation
By Type
· Diesel
· Electricothers
By Technology
· IGBTModule
· GTO Thyristor
· SiCModule
By Component
· Rectifier
· Inverter
· TractionMotor
· Alternator
· others
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