The Locomotive market key players studied in report: Alstom Ferroviaria S.p.A (France), Berliner Maschinenbau (Germany), Bharat Heavy Electricals Limited (India), Bombardier Transportation (Canada), Brookville Equipment Corporation (USA), China Northern Rail Corporation Limited (China), GE Transportation (USA), and Lokomo (Finland).
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Global Locomotive Market Driving Factors:
The key factor driving the global locomotive market growth is the growing popularity of locomotive among the general public. Other factors contributing to the market growth include growing concern regarding environmental sustainability, increasing urbanization, expansion of rail networks in developed as well as developing nations, and significant investment by authorities across the globe in development of railway infrastructure for freight and high-speed trains.
Increasing rate of urbanization has been contributing towards the growing popularity of locomotive among the general public. Expansion of rail networks in majority of developed as well as developing nations as well as growing concern among the individuals regarding environmental sustainability has had a positive impact on the global locomotives market. Significant investment by authorities across the globe in development of railway infrastructure for freight and high-speed trains has also resulted in the growth of global locomotive market.
Locomotive Market Segments Analysis:
The global locomotive market has been segmented on the basis of application, technology, and region. The application-based segmentation segments this market into passenger and freight. Passenger trains are for travelers whereas freight trains are meant for transferring goods from one place to another. Based on technology, the market has been segmented into the conventional locomotive, maglev, and turbocharged.
Detailed Locomotive Market Regional Analysis:
The regional segmentation of the global locomotive market segments the market into the regional markets known North America, Europe, Asia Pacific, and rest of the world (RoW). During the forecast period, the Asia Pacific region has been estimated to dominate the global market due to improving socio-economic conditions in developing countries such as China, India, Indonesia, and Thailand. The high density of population in countries like China and India has resulted in an increase in need as well as demand for public transport, which in turn results in an increase in the number of government rail projects. Another important country-specific market in this region is Japan, followed by the remaining Asia Pacific countries.
Europe is another important regional market that is growing due to the presence of some key market players, high level of industrialization, and technological advancement that is second only to North America. In this region, the vital country-specific markets are France, Germany, Italy, Spain, and the UK. The highest number of national fleets of electric locomotives are found in Russia which along with China and India forms the top 3 list in this regard. France, Germany, and Italy are the next three in the league.
North America is a crucial regional market due to technological advancement, vehicle industry, heavy industrialization, and many key market players being present in this region. The maximum revenue in this region comes from the country-specific markets known as the USA, Canada, and Mexico.
The RoW segment covers South America and the Middle East & Africa (MEA) region. In South America, the market is growing slowly due to slow economic growth in this region. The most important country-specific markets in South America are Argentina and Brazil, followed by the remaining countries in South America. In the MEA region, the market is growing due to the demand for vehicles. However, the market is limited in this region due to lack of necessary infrastructure, lack of technology, lack of awareness, and lack of education. In the MEA region, the major country- specific markets are Saudi Arabia, South Africa, Qatar, and the UAE, followed by the remaining countries in the MEA region.
Industry/ Innovation/ Related News:
- The Class 42 ‘Warship’ D821 ‘Greyhound’ will be visiting the Spa Valley Railway line for their 2019 Summer Diesel Gala. 13 FEB 2019
- Bharat Heavy Electricals Limited (BHEL) has developed India’s first ever electric locomotive with a regenerative braking system through its in-house R&D center. 11 FEB 2019
Report Overview:
The report for Global Locomotive Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative and quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
List of Tables:
Table 1 Global Locomotive Market: By Region, 2017-2023
Table 2 North America Locomotive Market: By Country, 2017-2023
Table 3 Europe Locomotive Market: By Country, 2017-2023
Table 4 Asia Pacific Locomotive Market: By Country, 2017-2023
Table 5 RoW Locomotive Market: By Country, 2017-2023
Table 6 Global Locomotive Market, By Technology, By Regions, 017-2023
Table 7 North America Locomotive Market, By Technology, By Country, 2017-2023
Table 8 Europe Locomotive Market, By Technology, By Country, 2017-2023
Table 9 Asia Pacific Locomotive Market By Technology, By Country, 2017-2023
Continued…
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Locomotive Market Share, By Technology, 2016 (%)
Continued…
For More Locomotive Market News Visit: https://www.marketwatch.com/press-release/Locomotive-market-2018-size-share-trends-opportunities-growth-factors-key-players-and-regional-forecast-2023-research-report-2018-07-31
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