Locomotive Market is forecasted to grow at 2.79%for 2019 to 2026 with factors such as high maintenance & investment cost hampering the market growth.
Locomotive market has shown a significant adoption rate and preferences from the Asia- Pacific with countries such as China, India and Japan. Increasing government projects related to rail routes and replacement of power generation system for better efficiency are some of the factors expanding the market in the region.
Locomotive Market Scenario
According to Data Bridge Market Research the locomotive market in developing regions is witnessing a growth in terms of its adoption rate, due to growing demand for energy efficient rolling stock, increasing urbanization, increasing rail projects and increasing advanced technology such as IGBT module, auxiliary power units and other.
Now the question is which are the regions that locomotive market players should target? Data Bridge Market Research has forecasted market leaders to target Asia- Pacific developing regions to help them in attaining better volume of revenue generation.
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Locomotive Market Development
CRRC Zhuzhou Locomotive Company announced the acquisition of Vossloh Locomotives in August 2019. The goal of the acquisition is to maintain engineering expertise through a collaboration arrangement to develop new technologies with groundbreaking traction concepts.
Scope of the Locomotive Market
Locomotive market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa.
- All country based analysis of the locomotive market is further analyzed based on maximum granularity into further segmentation. On the basis of technology, the market is segmented into IGBT power module, GTO thyristor module and SiC power module. Locomotive technology segment is divided into turbocharged, maglevs and conventional locomotive. Motive power segment is divided into gas turbine electric, steam diesel hybrid, diesel, atomic electric, steam, fuel cell electric, electric, gasoline and hybrid. Components segment is divided into traction, inverter, alternator, rectifier, and auxiliary power conversion unit. Rolling stock type is divided into DMU, EMU and diesel & electric locomotive. Application segment of the market is divided into passenger, freight, and switcher locomotives.
- Locomotives are rail-driven vehicles that provide trains with motive power. Their main function is to move the train along the track. Oil and electricity are two of the common source of power for locomotives. Some of the common components of locomotives are alternator, rectifier, traction, and other. For passenger rail transport systems, these systems are generally preferred rather than freight.
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Key Pointers Covered in the Locomotive Market Industry Trends and Forecast to 2026
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the report
- Strukton
- Alstom
- AEG Power Solutions B.V.
- Siemens
- TOSHIBA CORPORATION
- CRRC
- Hitachi, Ltd.
- Bombardier
- Bharat Heavy Electricals Limited
- Wabtec Corporation
- Metso Corporation
- Brookville Equipment Corporation
- Materfer
- KONČAR - Electronics and Informatics Inc.
- A. Stucki Company
- UGL Rail
- Tata Motors
- Kawasaki Rail Car, Inc.
- HYUNDAI ROTEM COMPANY
- Taiwan Rolling Stock Co, Ltd.
- Stadler Rail AG.
Above are the key players covered in the report to know about more and exhaustive list of locomotive market, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-locomotive-market
Research Methodology: Global Locomotive Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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