Global Locomotive Market Size, Share, Forecast Report, 2020-2027

The global Locomotive market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 4% throughout the estimate period from 2020 to 2027.

A locomotive is a rail transport vehicle powered by diesel, electricity, and steam for pulling a train or hauling railroad cars on tracks. Locomotives are categorized into freight, passenger, and repowered locomotives. The increasing rate of urbanization has been contributing to the growing popularity of locomotives among the general public. Expansion of rail networks in a majority of the developed and developing nations and the increasing concern among individuals regarding environmental sustainability is expected to drive the global locomotives market. Significant investment by authorities across the globe in the development of railway infrastructure for freight and high-speed trains has also resulted in the growth of the global locomotive market.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Locomotive market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Locomotive market growth.

The global Locomotive market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

The Prominent Players operating in the global locomotive market are CRRC Corporation Limited (China), AEG Power Solutions (Germany), Siemens AG (Germany), Alstom S.A (France), GE Transportation (US), Transmashholding (Russia), EMD Caterpillar (US), Kawasaki Heavy Industries (Japan), Stadler Rail (Switzerland), and Bombardier Transportation (Canada) The report for the global locomotive market of Market Research Future covers extensive primary research. 

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

The global locomotive market is segmented by type, component, technology, and region. On the basis of type, the global market has been segmented into diesel, electric, and others. The electric segment is projected to witness rapid growth over the forecast period. On the basis of component, the global market has been segmented into rectifier, inverter, traction motor, alternator, and others. The rectifier segment is projected to grow at a significant rate over the forecast period. Based on technology, the global market has been segmented into IGBT Module, GTO Thyristor, and SiC Module. 

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • Italy
  • France
  • Rest of EU
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA