According to our latest market study on “Locomotive Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Technology (IGBT Power Module, GTO Thyristor Module, SiC Power Module); component ( rectifier, inverter, traction motor, alternator, others); Type (Diesel Locomotive, Electric Locomotive, Others) and Geography”
The locomotive market observes the active participation of governments to design a railway, the cheapest and most comfortable means of transportation. Rapid growth in urbanization, traffic congestion, rising environmental concerns and growing technological advancements are likely to fuel the demand for locomotives during the forecast period.
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Companies featured in this report include: AEG Power Solutions, Alstom, Bombardier Transportation, Caterpillar, General Electric, Hitachi Ltd, Kawasaki Heavy Industries, Ltd., Siemens Mobility, Stadler Rail, Strukton
Growing urbanization will accelerate the demand for rolling stock; thus, it would boost the locomotive market. However, the high manufacturing cost may restrain the growth of the locomotive market. Additionally, technological advancements in the automotive industry are expected to increase.
The global locomotive market is segmented on the basis of technology, components and type. Based on technology, the market is segmented into IGBT power module, GTO thyristor module, SiC power module. Based on component, the market is segmented into rectifier, inverter, traction motor, alternator and others. On the basis of type, the market is segmented into diesel locomotive, electric locomotive and others.
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The report provides a detailed overview of the industry, including qualitative and quantitative information. It provides overview and forecast of the global locomotive market based on various segments. It also provides market size estimates and forecasts from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The locomotives market by region is further sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries in the world, as well as the current trend and opportunities prevailing in the region.
The report analyzes factors affecting locomotives market from both demand and supply side and further assesses market dynamics affecting the market during the forecast period i.e. drivers, constraints, opportunities and future trend. The report also provides comprehensive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the locomotive market in these regions.
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If you have any questions about this report or would like further information, please contact us:
Contact person: Sameer Joshi
Email: [email protected]
The Insight Partners is an industry unique research provider of actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Health IT, Manufacturing and Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.
This press release was published on openPR.