Locomotive Market is projected to be worth USD 25.7 billion by 2027, registering a CAGR of 11.61% during the forecast period (2021 - 2027), The market was valued at USD 18.9 billion in 2020
Companies in the locomotive market could also face challenges such as high initial investments and risk concerns. The details covered in the locomotive market report cover all the aspects of the industry. Analysts studying the locomotive market have also shared growth projections in the report and have suggested locomotive market players to plan business strategies accordingly.
The locomotive market is anticipated to grow by US$5 billion by 2025 rapidly growing at a CAGR of 3.5% during the forecast period. The global locomotive market is driven by improving economies of developing countries as well as growing mining activities. These factors have helped shape the locomotive market and are expected to boost the growth.
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Factors like technological upgradation in locomotives and growing population support the locomotive market growth. The performance of the locomotive market has also been studied for the past and current years. Additionally, the locomotive market report provides analysis of these segments. The locomotive market segmental analysis provided in the report offers major details about the locomotive market based on the data and forecasts till 2025.
The global locomotive market has been segmented based on technology, type, and component. On the basis of type, the market for locomotive is segmented based on diesel, electric and others. Additionally, the market on the basis of technology, is segmented into IGBT Module, GTO Thyristor and SiC Module. The global market for locomotive is also covered based on the component segment which is further split into rectifier, inverter, traction motor, alternator and others.
Companies in the locomotive market are spread across the world. The locomotive market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American locomotive market has many companies across the United States, Canada, and Mexico. The locomotive market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the locomotive market can be found in the market research report. Europe has companies in the locomotive market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the locomotive market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
The locomotive market research report also provides company profiles of major companies. The company profiles of many organizations operating in the locomotive market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the locomotive market. New companies and established businesses can plan their strategies based on this data provided in the locomotive market research report.
The locomotive market is supported by increasing use of technology across different industry verticals. The population growth around the world and increasing demand of locomotive market based services and products also support the market growth. However, the locomotive market growth can be affected due to capital-insensitivity of railway vehicles. The report covers all such details which will help companies in the locomotive market to strengthen their business plan and improve their product portfolio.
Bulgarian railway company BDZ Passengers reported that the first of 20 electric engines to be revamped had been obtained and placed into service. The company also plans to acquire another locomotive in the coming months, as stated in an official statement. Consortium Railway Services consists of the Czech-based Ceskomoravska Zeleznicni Opravna, which owns an 83% stake, and the Bulgarian TBD-Tovarni Prevozi.
Table Of Contents
- Executive Summary
- Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Technology
- Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
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
- Market Dynamics
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