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

Report Code: ZMR-1587 | Report Format : | Status : Upcoming |

Abstract

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.

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.

Related Reports

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

Price : $ 3599.00 | Report Code: ZMR-2391 | Report Format:

Ultralight Aircraft Market: Overview The ultralight aircrafts are specially designed basically for the recreational purposes, that is, for short distance flying. The ultralight aircrafts are alternatively also known as microlight aircrafts. The ultralight aircrafts definition, weight, and the sp...Read More

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

Price : $ 3599.00 | Report Code: ZMR-2327 | Report Format:

Proximity Sensor Market: Overview Proximity sensors are the preferred option for the recognition of metal elements in machinery or automation tools, which need exact, non-contact recognition. Proximity sensors are most extensively used in industrial and automotive applications. The fastest risin...Read More

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

Price : $ 3599.00 | Report Code: ZMR-2297 | Report Format:

Propulsion Systems Market: Overview The UAV technology has become one of the requisite constituents which include a countrys military assignment these days. There is an augmented need for noise decrease UAVs among military forces in to carry out inspection missions. Therefore, an effectual propu...Read More

Submarine Communication Cables Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2288 | Report Format:

Submarine Communication Cables Market: Overview A submarine communications cable is a cable that is placed on the seabed in between stations that are present on the land in order to transmit the telecommunication signals across the ocean. The modern submarine communication cables make use of the...Read More

Automobile Muffler Market (Motorbike, Scooters & Moped, Snowbike and Others) for OEM and Aftermarket: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022

Sep-2017 | Price : $ 4199.00 | Pages: 167 | Report Code: ZMR-2280 | Report Format:

The report covers forecast and analysis for the automobile muffler market on a global and regional level. The study provides historic data of 2014-2016 along with a forecast from 2017 to 2022 based on both volume (thousand units) and revenue (USD million). The study includes drivers and restraints...Read More

Choose License Type:
Latest Published Reports

View All Published Reports