Locomotive Market: 2018 Global Size, Trends, Growth Factors, Key Players, Share, Competitive Landscape, And Regional Forecast To 2023

Locomotive Market is growing rapidly across the world according to a recent study report published by the Market Research Future on Global Locomotive Market 2018. Global Locomotive industry to witness steady growth by 2023.

Report provides Locomotive Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Locomotive Global Market is segmented by Technology (conventional locomotive, turbocharged and MAGLEVS), Application (Passenger and Freight) and by Region.

Locomotive Market Key Companies Studied in This Research 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.

Get Sample Copy of “Locomotive Market Research Report - Forecast to 2023” at: https://www.marketresearchfuture.com/sample_request/1889

Global Locomotive Market Overview:

Builders are ramping up production and at the same time continuing to tweak product lines in order to meet railroads efficiency and environmental-compliance needs along with demands for enhanced electronics associated with distributed power initiatives and positive train control (PTC) implementation.

Increasing rate of urbanization is contributing towards the growth of locomotive industry among the general public. Expansion of rail networks in majority of developed as well as developing nations as well as increasing concern amongst the individuals regarding environmental sustainability has lead to 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.

Diesel locomotive market is also growing significantly. Majority of the revenue is generated from the after-sales market which encompasses repair and maintenance of the approximately 120,000 diesel locomotives operated worldwide.



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.

The major trend in the market is the increase in the use of autonomous locomotive engines for long distance transport. Increasing preference for non-polluting and energy-efficient transport is majorly driving the growth of the market. Also, the growth of the market is driven by the increasing government expenditure on developing rail systems for public transport.

Locomotive Market Geographic Analysis:

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.

Locomotive Market Segmentation:

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.

Major Table Of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrant

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

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Name: Abhishek Sawant
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Organization: Market Research Future
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Website: https://www.marketresearchfuture.com/reports/locomotive-market-1889

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