Locomotives Market Scope
Locomotives are also known as powered rail transport vehicles that provide motive power to trains with no payload capacity. In addition to that, it also uses to pull the trains along tracks. Though, nowadays push-pull operations have become common, in which the trains have locomotives at the rear, front, or at both ends. Moreover, the electric locomotives are preferred more since, they deliver high performance, lower maintenance costs, and lower energy costs and reduced pollution levels.
The market study is being classified by Type (Diesel Locomotive and Electric Locomotive), by Application (Passenger Transport and Freight Transport) and major geographies with country level break-up.
Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Locomotives market throughout the predicted period.
CSR Corporation (China), GE Transportation (United States), Alstom S.A (France), AEG Power Solutions (Germany), Siemens AG (Germany), Bombardier Transportation (Canada), Hitachi Ltd (Japan), Transmashholding (Russia) and EMD (Caterpillar) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Kawasaki Heavy Industries (Japan), Stadler Rail AG (Switzerland) and Hyundai Rotem (South Korea).
AdvanceMarketAnalytics has segmented the market of Global Locomotives market by Type, Application and Region.
On the basis of geography, the market of Locomotives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Adoption of Technological Progress such as the Launch of the SiC Module, IGBT Module, and the Auxiliary Power Units
- Increase in Urbanization Globally
- Environmental Sustainability, and a Broad Spectrum of Impending Rail projects
- Growth in Demand for Energy-Efficient Rolling Stock
- The Extensive Rail Networks Globally Further Supporting the Growth of Electric Locomotives to meet the Demand as a Public Transport
- High Maintenance Cost and Overhaul Cost are the key Restraining Factors Hampering the Growth of the Market
- The Capital Intensiveness of Rolling Stock
Key Target AudienceManufacturers of rolling stock, Manufacturers of rolling stock power conversion components, Raw material suppliers for rolling stock or their power conversion components, Transport authorities, Legal and regulatory authorities and Fleet operators
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