Locomotive Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The locomotive market observes the active participation of governments to design a railway, the cheapest and safest means of transportation more comfortable. The swift growth in urbanization, traffic congestion, increasing environmental concern, and growing technological advancements are likely to fuel the demand for locomotives during the forecast period.

MARKET DYNAMICS

The growth in urbanization will accelerate the demand for rolling stock; thereby, it would drive the locomotive market. However, the high manufacturing cost may restrain the growth of the locomotive market. Furthermore, the technological advancements in the automotive industry are anticipated to surge

MARKET SCOPE

The "Global Locomotive Market Analysis to 2031" is a specialized and in-depth study of the locomotive market with a special focus on the global market trend analysis. The report aims to provide an overview of locomotive market with detailed market segmentation by technology, component, type, and geography. The global locomotive market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading locomotive market players and offers key trends and opportunities in the locomotive market.

MARKET SEGMENTATION

The global locomotive market is segmented on the basis of technology, component, and type. On the basis of technology, the market is segmented as IGBT power module, GTO thyristor module, SiC power module. On the basis of component, the market is segmented as rectifier, inverter, traction motor, alternator, and others. On the basis of type, the market is segmented as diesel locomotive, electric locomotive, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global locomotive market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The locomotive market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting locomotive market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the locomotive market in these regions.

Locomotive Market Report Analysis

Locomotive Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• AEG Power Solutions
• Alstom
• Bombardier Transportation
• Caterpillar
• General Electric
• Hitachi Ltd
• Kawasaki Heavy Industries, Ltd.
• Siemens Mobility
• Stadler Rail

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Technology

• IGBT Power Module
• GTO Thyristor Module
• SiC Power Module

By Component

• Rectifier
• Inverter
• Traction Motor
• Alternator

By Type

• Diesel Locomotive
• Electric Locomotive

MARKET PLAYERS

The reports cover key developments in the locomotive market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from locomotive market are anticipated to lucrative growth opportunities in the future with the rising demand for locomotive market. Below mentioned is the list of few companies engaged in the locomotive market.

The report also includes the profiles of key locomotive market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   AEG Power Solutions
  
•   Alstom
  
•   Bombardier Transportation
  
•   Caterpillar
  
•   General Electric
  
•   Hitachi Ltd
  
•   Kawasaki Heavy Industries, Ltd.
  
•   Siemens Mobility
  
•   Stadler Rail
  
•   Strukton
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Locomotive Report Scope