Locomotive Market to grow at highest compound annual growth rate from 2018 to 2022, according to “Global Locomotive Market – Industry Size, Share, Trends, Growth and Regional Forecast Report” published by Market Research Future.
Pune, India – December 7, 2018 —
Locomotive Market to grow at highest compound annual growth rate from 2018 to 2022, according to “Global Locomotive Market – Industry Size, Share, Trends, Growth and Regional Forecast Report” published by Market Research Future. This report comprises comprehensive information on Locomotive Market Forecast data up to 2022, with historic and current market information. Locomotive Industry analysis done by Technology (conventional locomotive, turbocharged and MAGLEVS), Application (Passenger and Freight) and Region.
Global Locomotive Market Highlights:
Increasing global demand for technologically advanced automobiles for commercial as well as personal use is majorly fueling the demand for remote diagnostics services and is resulting into the expansion of the global Locomotive market. Global rise in demand for luxury vehicles is also driving the global Locomotive market.
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Locomotive Market Key Companies Studied in this report are: Bharat Heavy Electricals Limited, Berliner Maschinenbau, Lokomo, China Northern Rail Corporation Limited, Bombardier Transportation, Brookville Equipment Corporation, GE Transportation, Alstom Ferroviaria S.p.A.
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.
Increasing transport demand, as well as fleet refurbishments and new product platforms will spur the global locomotive market. A substantial proportion of locomotives are either operated solely for freight or used universally. The proportion of units used specifically for passenger transport has declined rapidly in the last few years.
Market Segments Analysis:
The Locomotive Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Technology – conventional locomotive, turbocharged and MAGLEVS
Segmentation by Application – Passenger and Freight
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
The Asia-Pacific region is estimated to dominate the locomotive market and is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the improving socio-economic conditions in developing countries such as China, India, Indonesia, and Thailand. The increased populations in countries such as China and India has resulted in increase in need for public transport, which in turn results in an increase in the number of government rail projects.
The largest national fleets of electric locomotives are found today in China, Russia and India followed by Germany, Italy and France. In Western Europe, demand will always exist for new electric locomotives due to the overall size of the region’s fleet, while Europe’s high prices ensures it remains important for total market volume.
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current Locomotive 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.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
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