Locomotive Market - Global Industry Analysis

Locomotive Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Automotive Report Format : PDF Report Code: ZMR-1587 Status : Upcoming

Description

Global Locomotive Market: Overview

The locomotive is the engine in a rail transport vehicle, which provides the motive power to the train with no payload capacity but aims to move the train along the track. Some trains have its own self-propelled payload-carrying vehicles. Locomotives are present at the front, rear, or at both the ends of trains. Electric locomotives are widely preferred as they provide lower energy costs, high performance, reduced pollution levels, and lower maintenance cost.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Locomotive Market: Growth Factors

Key factors that are driving the global locomotives market growth are the rise in demand for rolling stock that is energy efficient, augmenting urbanization, and expanding rail networks infrastructure. A broad spectrum of awaiting rail projects and environmental sustainability will boost the market growth in the near future. Widespread rail networks support the locomotives market in order to meet the growing demand for public transport. The emergence of the advanced technology such as auxiliary power units, SiC module, and IGBT module contribute to the largest market share in the global market. These technologies are helping to escalate the fuel efficiency, reduced emission level, and lower the overall weight may lead to lessening power loss when switching the current state. However, high maintenance & repair cost and huge capital investment in rolling stocks are the major restraining factors of the global locomotives market.

Global Locomotive Market: Segmentation

The global locomotives market is divided on the basis of technology, motive power, end use, and operational engine. Based on technology, the market is categorized into IGBT power module, SiC power module, and GTO thyristor module. The motive power segment is segmented into gas turbine electric, steam diesel hybrid, diesel, atomic electric, steam, fuel cell electric, electric, gasoline, and hybrid. On the basis of end use, the locomotives market is classified into switcher locomotives, freight, and passenger. The operational engine segment is bifurcated into station pilot, train engine, light engine, banking engine, and pilot engine.

Global Locomotive Market: Regional Analysis

Asia Pacific region contributed for the largest market share due to the increasing population growth, expanding rail network, and rising urbanization. Developing countries in Asia-Pacific such as India, China, and Japan will witness strong growth in the near future. Increasing number of rail infrastructural projects in the Latin American region is anticipated to fuel the locomotives market growth. The government of North America and Europe is largely investing in the expansion and modernization of the rail network. Robust economic growth and rise in the demand for power and conversion systems in the Middle East and Africa will develop the locomotives market growth in future.

Global Locomotive Market: Competitive Players

Major leading players in the global locomotive market are Alstom SA, CSR Corporation, Hitachi Ltd., AEG Power Solutions, Bombardier Transportation, and Siemens AG.

Global Locomotive Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content

Choose License Type

Request the coronavirus impact analysis across industries and markets

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • paypal
  • amazon
  • visa
  • master card

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed