(MENAFN- The Express Wire) Posted on Oct 14 2021 5:43 AM
"According to study Locomotive market size was USD 18.16 billion in 2019, and expected to reach USD 23.83 billion at CAGR of 10.3% by 2027. Locomotive Market is segmented By Technology Type (IGBT Module, GTO Thyristor, and SiC Module), By Propulsion Type (Diesel and Electric) and Regional Forecasts, 2020-2027."
Locomotive Market Size | 2021 Automotive Industry Analysis By Covid-19 Impact, Share, Trends, Business Growth, Regional Outlook, And Global Forecast To 2027 is latest depth analysis market research study published by Fortune Business Insights. According to study Locomotive market size was USD 18.16 billion in 2019, and expected to reach USD 23.83 billion at CAGR of 10.3% by 2027. Locomotive Market is segmented By Technology Type (IGBT Module, GTO Thyristor, and SiC Module), By Propulsion Type (Diesel and Electric) and Regional Forecasts, 2020-2027.
Key Companies Studied In Report:
- Bombardier Transportation (Canada)
- Alstom (France)
- Hitachi Ltd (United Kingdom)
- AEG Power Solutions (Netherlands)
- Siemens Mobility (Germany)
- Wabtec Corporation (U.S.)
- Toshiba International Corporation (U.S.)
- CZ LOKO, a.s. (Czech Republic)
- CRRC Corporation Limited (China)
- Hyundai Corporation (South Korea)
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Locomotive Market Highlights:
The global locomotives market size is projected to reach USD 23.83 billion by the end of 2027. The high investment in the development of sustainable products will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled“Locomotive Market Size, Share & Industry Analysis, By Technology Type (IGBT Module, GTO Thyristor, and SiC Module), By Propulsion Type (Diesel and Electric) and Regional Forecasts, 2020-2027,” the market was worth USD 18.16 billion in 2019 and will exhibit a CAGR of 10.3% during the forecast period.
Covid-19 Pandemic Will Bring Locomotive Businesses to a Standstill
The recent coronavirus outbreak has brought major businesses to a standstill. The rapid spread of the disease has urged governments to take strict measures. Due to travel bans, locomotive businesses are likely to take a huge hit in the coming years. The report includes the impact on Covid-19 pandemic on the global locomotive market and discusses how major companies are coping with this.
Locomotives are powered engines that are used to pull trains. The ability of a locomotive to carry a payload is what separates it from low-power engines. The force required to pull trains is much higher than normal vehicles and thus, large scale investments are a necessity and not a benefit. The recent technological advances in design as well as structures of locomotives have allowed applications with higher pulling capacities and lower fuel consumption. The massive investment in the railway sector is consequential to the large amount of passengers it can carry. The extensive of railways in densely populated countries such as India will create several growth opportunities for the companies operating in the market. The presence of several large scale companies will emerge in favor of market growth.
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of sustainable locomotive projects in major countries across the world will open up a huge potential for rapid growth. The efforts taken to develop and deploy electricity-powered locomotives by governments as well as private companies will emerge in favor of market growth. In March 2018, Alstom announced completion of its all-electric locomotive in Madhepura, Bihar. The company was working on this contract, supposedly worth USD 75 million, since the past few years. This step was initiated by the Indian government, with the rising demand for sustainable energy. This step was consequential to the massive fuel consumption and carbon emission in the densely populated country of India.
The report on Locomotive system market size emphasizes on signifying a complete assessment of the market. It contains facts, thoughtful insights, historical information, industry-validated market information, and projections with a suitable set of assumptions and methodology. It offers valuable insights into all the notable developments of the market. It shares a complete overview of all the segments & parts of the market and also provides statistical data on all the regions. It is created after extensive research followed by an all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. Moreover, it also includes product launches, acquisitions, collaborations & partnerships, and industry developments.
The coronavirus incident has caused colossal loss to several industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
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Key questions answered in the report:
- What will the market growth rate of Locomotive Market in 2027?
- What are the key factors driving the global Locomotive Market?
- Who are the key manufacturers in Locomotive Market space?
- What are the market opportunities, market risk and market overview of the Locomotive Global market?
- What are sales, revenue, and price analysis of top manufacturers of Locomotive Global market?
- What are sales, revenue, and price analysis by types and applications of Locomotive Market?
- What are sales, revenue, and price analysis by regions of Locomotive Market?
Regional Analysis:
Asia Pacific to Emerge Dominant; Rising Urbanization and Expansion of Rail Network Will Aid Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific holds the largest market share. The rising urbanization has created the need for sustainable engines. The massive transport industry and the constantly rising railway passengers and train travels will create several opportunities for the companies operating in the regional market. As of 2019, the market in Asia Pacific was worth USD __ (value to be included after update in RD) billion and this value is projected to increase at a considerable pace in the coming years.
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa.
Locomotive Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
Competitive Analysis And Industry News:
Major companies in the global Locomotive Market are increasingly focusing on research and development activities to create new and innovative products to stay ahead of the competition. Staying on top of market trends and drivers is crucial for decision-makers to hold this emerging opportunity. The study provides information on market trends and development, drivers, capacities, technologies, and the changing investment structure of the Locomotive Industry.
Get Sample PDF of Locomotive Market Report, Please Connect with our Sales Team Below:
Name: Mr. Ashwin Arora
Email: sales [@] fortunebusinessinsights [.] com
Phone: US +1424 253 0390 / UK +44 2071 939123
Table of Content:
Introduction 1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
Executive Summary Market Dynamics 3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
Key Insights 4.1 Merger, Acquisitions, and Partnerships
4.2 Distributor Analysis – For Major Players
4.3 Growth and Penetration Analysis
4.4 Porter's Five Forces Analysis
4.5 PEST Analysis
4.6 Vendor Landscape
Global Locomotive Market Analysis, Insights and Forecast, 2017-2027 5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Charger Type
5.2.1 Fast
5.2.2 Slow/Moderate
5.3 Market Analysis, Insights and Forecast – By Application
5.3.1 Commercial
5.3.2 Residential
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1 North America
5.4.2 Europe
5.4.3 Asia pacific
5.4.4 Rest of the World
6 North America Locomotive by Country
6.1 North America Locomotive Sales, Revenue and Market Share by Country
6.1.1 North America Locomotive Sales and Market Share by Country (2020-2027)
6.1.2 North America Locomotive Revenue and Market Share by Country (2020-2027)
7 Global Locomotive Market Insights
5.3 Canada Locomotive Sales and Growth Rate (2020-2027)
5.4 Mexico Locomotive Sales and Growth Rate (2020-2027)
8 South America Locomotive by Country
8.1 South America Locomotive Sales, Revenue and Market Share by Country
8.1.1 South America Locomotive Sales and Market Share by Country (2020-2027)
8.1.2 South America Locomotive Revenue and Market Share by Country (2020-2027)
8.2 Brazil Locomotive Sales and Growth Rate (2020-2027)
8.3 Argentina Locomotive Sales and Growth Rate (2020-2027)
8.4 Colombia Locomotive Sales and Growth Rate (2020-2027)
9 Middle East and Africa Locomotive by Countries
9.1 Middle East and Africa Locomotive Sales, Revenue and Market Share by Country
9.1.1 Middle East and Africa Locomotive Sales and Market Share by Country (2020-2027)
9.1.2 Middle East and Africa Locomotive Revenue and Market Share by Country (2020-2027)
9.2 Saudi Arabia Locomotive Sales and Growth Rate (2020-2027)
9.3 Turkey Locomotive Sales and Growth Rate (2020-2027)
9.4 Egypt Locomotive Sales and Growth Rate (2020-2027)
9.5 Nigeria Locomotive Sales and Growth Rate (2020-2027)
10 Locomotive Market In Developing Countries
11 South America Locomotive Market Analysis by Countries
12 Competitive Landscape
13 Industry Outlook
13.1 Market Driver Analysis
13.1.2 Market Restraints Analysis
13.1.3 Market Trends Analysis
13.2 Merger, Acquisition and New Investment
13.3 News of Product Release
14 Global Locomotive Market Forecast
15 New Project Feasibility Analysis
15.1 Industry Barriers and New Entrants SWOT Analysis
15.1.1 Porter's Five Forces Analysis
15.1.2 New Entrants SWOT Analysis
15.2 Analysis and Suggestions on New Project Investment
Continued…
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