The locomotive market is anticipated to grow by US$5 billion by 2025 rapidly growing at a CAGR of 3.5% during the forecast period. The global locomotive market is driven by improving economies of developing countries as well as growing mining activities. These factors have helped shape the locomotive market and are expected to boost the growth. Companies in the locomotive market could also face challenges such as high initial investments and risk concerns. The details covered in the locomotive market report cover all the aspects of the industry. Analysts studying the locomotive market have also shared growth projections in the report and have suggested locomotive market players to plan business strategies accordingly.
Market Segmentation
The
global locomotive market has been segmented based on technology, type, and
component. On the basis of type, the market for locomotive is segmented based
on diesel, electric and others. Additionally, the market on the basis of
technology, is segmented into IGBT Module, GTO Thyristor and SiC Module. The
global market for locomotive is also covered based on the component segment
which is further split into rectifier, inverter, traction motor, alternator and
others.
Factors
like technological upgradation in locomotives and growing population support
the locomotive market growth. The performance of the locomotive market has also
been studied for the past and current years. Additionally, the locomotive
market report provides analysis of these segments. The locomotive market
segmental analysis provided in the report offers major details about the
locomotive market based on the data and forecasts till 2025.
Regional Overview
Companies
in the locomotive market are spread across the world. The locomotive market
report provides major information about regional markets of North America,
Europe, Asia-Pacific (APAC), and the rest of the world. The North American
locomotive market has many companies across the United States, Canada, and
Mexico. The locomotive market of the Middle East, Africa, and other regions has
also been studied by analysts. The regional analysis of the locomotive market
can be found in the market research report. Europe has companies in the
locomotive market across Germany, France, Spain, Italy, and the United Kingdom.
A detailed analysis of the locomotive market across India, China, and Japan in
the Asia-Pacific region is also presented in the report.
Competitive Landscape
The
locomotive market is supported by increasing use of technology across different
industry verticals. The population growth around the world and increasing demand
of locomotive market based services and products also support the market
growth. However, the locomotive market growth can be affected due to
capital-insensitivity of railway vehicles. The report covers all such details
which will help companies in the locomotive market to strengthen their business
plan and improve their product portfolio.
The locomotive
market size research report also provides company profiles of major
companies. The company profiles of many organizations operating in the
locomotive market report highlights crucial details like company size, revenue
growth, and details of mergers and acquisitions taking place in the locomotive
market. New companies and established businesses can plan their strategies
based on this data provided in the locomotive market research report.
Industry News
Bulgarian
railway company BDZ Passengers reported that the first of 20 electric engines
to be revamped had been obtained and placed into service. The company also
plans to acquire another locomotive in the coming months, as stated in an
official statement. Consortium Railway Services consists of the Czech-based
Ceskomoravska Zeleznicni Opravna, which owns an 83% stake, and the Bulgarian
TBD-Tovarni Prevozi.
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