Locomotive Market Research Report - Global Forecast To 2025
Locomotive Market Research Report: Information, by Type (Diesel, Electric, and Others), Technology (IGBT Module, GTO Thyristor, and SiC Module), Component (Rectifier, Inverter, Traction Motor, Alternator, and Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)– Forecast till 2025
Locomotive Market Analysis
A locomotive is a rail transport vehicle powered by diesel, electricity, and steam for pulling a train or hauling railroad cars on tracks. Locomotives are categorized into freight, passenger, and repowered locomotives. The increasing rate of urbanization has been contributing to the growing popularity of locomotives among the general public. Expansion of rail networks in a majority of the developed and developing nations and the increasing concern among individuals regarding environmental sustainability is expected to drive the global locomotives market. Significant investment by authorities across the globe in the development of railway infrastructure for freight and high-speed trains has also resulted in the growth of the global locomotive market. The global locomotive market is estimated to reach around USD 5 billion by 2025, growing at ~3.5% CAGR during the forecast period.
The global locomotive market is segmented by type, component, technology, and region. On the basis of type, the global market has been segmented into diesel, electric, and others. The electric segment is projected to witness rapid growth over the forecast period. On the basis of component, the global market has been segmented into rectifier, inverter, traction motor, alternator, and others. The rectifier segment is projected to grow at a significant rate over the forecast period. Based on technology, the global market has been segmented into IGBT Module, GTO Thyristor, and SiC Module. The IGBT segment is expected to hold the largest share of the global locomotive market over the forecast period.
Geographically, the global locomotive market has been segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the rest of the world. Among the regions, in 2018, the global market was led by Asia-Pacific, followed by Europe and North America.
The prominent players operating in the global locomotive market are CRRC Corporation Limited (China), AEG Power Solutions (Germany), Siemens AG (Germany), Alstom S.A (France), GE Transportation (US), Transmashholding (Russia), EMD Caterpillar (US), Kawasaki Heavy Industries (Japan), Stadler Rail (Switzerland), and Bombardier Transportation (Canada)
Key Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Browse More Information On This Report at: https://www.marketresearchfuture.com/reports/locomotive-market-1889
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.