What is Locomotives Market Scope?
Locomotives are also known as powered rail transport vehicles that provide motive power to trains with no payload capacity. In addition to that, it also uses to pull the trains along tracks. Though, nowadays push-pull operations have become common, in which the trains have locomotives at the rear, front, or at both ends. Moreover, the electric locomotives are preferred more since, they deliver high performance, lower maintenance costs, and lower energy costs and reduced pollution levels.
Locomotives Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increase in Urbanization Globally
- Environmental Sustainability, and a Broad Spectrum of Impending Rail projects
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Influencing Trends | - Adoption of Technological Progress such as the Launch of the SiC Module, IGBT Module, and the Auxiliary Power Units
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Restraints | - High Maintenance Cost and Overhaul Cost are the key Restraining Factors Hampering the Growth of the Market
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Road Blocks / Challenges | - The Capital Intensiveness of Rolling Stock
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Gaps & Opportunities | - Growth in Demand for Energy-Efficient Rolling Stock
- The Extensive Rail Networks Globally Further Supporting the Growth of Electric Locomotives to meet the Demand as a Public Transport
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The Locomotives market study is being classified by Type (Diesel Locomotive and Electric Locomotive), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from Global will contribute to the maximum growth of Global Locomotives market throughout the predicted period.
CSR Corporation (China), GE Transportation (United States), Alstom S.A (France), AEG Power Solutions (Germany), Siemens AG (Germany), Bombardier Transportation (Canada), Hitachi Ltd (Japan), Transmashholding (Russia) and EMD (Caterpillar) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Kawasaki Heavy Industries (Japan), Stadler Rail AG (Switzerland) and Hyundai Rotem (South Korea).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Locomotives market by Type, Application and Region.
On the basis of geography, the market of Locomotives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Target Audience
Manufacturers of rolling stock, Manufacturers of rolling stock power conversion components, Raw material suppliers for rolling stock or their power conversion components, Transport authorities, Legal and regulatory authorities and Fleet operators
Locomotives Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Locomotives Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Locomotives industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.