(MENAFN- GetNews) According to the latest report "Locomotive Market by Technology (conventional locomotive, turbocharged and MAGLEVS), Application (Passenger and Freight) and Region with Forecast To 2022, published by Market Research Future, the Global Locomotive Market to witness high compound annual growth rate by 2022.
Locomotive Market Highlights:
The key players in the global locomotive market include Alstom Ferroviaria S.p.A (France), Bharat Heavy Electricals Limited (India), Berliner Maschinenbau (Germany), Bombardier Transportation (Canada), Brookville Equipment Corporation (USA), GE Transportation (USA), China Northern Rail Corporation Limited (China), and Lokomo (Finland).
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Locomotive Market Drivers and Restraints:
A powered railway vehicle that is used for pulling trains is called locomotive. As the vehicle market is growing, so is the market for locomotive. Market Research Future (MRFR) has published and released a research report about the global locomotive market that guesses growth for this market during the forecast period between 2016 and 2022.
Analyzing the market structure, this report forecasts the future growth potential of the market. It monitors the plans of the key market players and supports the competitive developments like new product developments, joint ventures, mergers & acquisitions, research and developments (R & D) in the market.
The key factor helping the progress of the global locomotive market growth is the increasing popularity of locomotive among the general public. Other factors aiding the market growth include increasing urbanization, growing environmental concerns, expansion of rail networks in developed countries as well as developing countries, and massive investment by authorities all over the world to develop the railway infrastructure for freight and high-speed trains.
Global Locomotive Market Segments Analysis:
The global locomotive market can be segmented into technology, application, and region.
Based on technology, this market has been segmented into the maglev, conventional locomotive, and turbocharged.
The application-based segmentation has segmented the market into passenger and freight. Passenger trains are for travelers.
On the other hand, freight trains are meant for transferring goods and raw materials meant for industrial production, from one place to another.
Global Locomotive Market Regional Analysis:
The regional segmentation of the global locomotive market can segment the market into the regional markets known as Asia Pacific, Europe, North America, and the rest of the world (RoW). During the forecast period, the Asia Pacific region can dominate the global market due to economic growth and progress of socio-economic conditions in developing countries such as India, China, Indonesia, and Thailand. Due to the high density of population, countries like China and India are witnessing an increase in requirement as well as demand for public transport, because of which, the governments have sanctioned various rail projects. They are the top two country-specific markets in the world. Another crucial country-specific market in the Asia Pacific region is Japan, followed by the remaining countries of this region.
Europe is the second most significant regional market that is growing due to the high level of industrialization and the presence of some key market players. In terms of technological advancement, Europe is next only to North America. In this region, the influential country-specific markets are Germany, France, Spain, Italy, and the UK. The largest number of national fleets of electric locomotives in Europe can be seen in Russia which after China and India is the third largest country-specific market in this regard. Germany, France, and Italy are the next three biggest country-specific markets.
North America is a prominent regional market due to technological advancement, established vehicle industry, heavy industrialization, and the operations of many key market players in this region, especially in the USA and Canada. Mexico is another important country-specific market in this region.
The RoW segment covers the counties of South America and the Middle East & Africa (MEA) region. In South America, the market growth is slow due to slow economic growth in this region. The most important country-specific markets in this region are Argentina and Brazil, followed by the remaining countries in South America. In the MEA region, the market is expanding due to the growing demand for vehicles. However, the market has limited growth due to lack of technology, lack of necessary infrastructure, lack of awareness, and lack of education. In the MEA region, the country-specific markets that matter most are South Africa, Saudi Arabia, UAE, and Qatar, followed by the remaining countries in the MEA region.
Industry News:
In Latvia, the prototype conversion of a ČME3 diesel shunting locomotive to dual-fuel gas operation is being tested. 11 APR 2019
Indian Railways has got its first ‘Make in India' 9,000 HP electric locomotive, made by the Chittaranjan Locomotive Works (CLW). 3 APR 2019
TABLE OF CONTENTS:
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 ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
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…
LIST OF TABLES:
TABLE 1 GLOBAL NON-CONCENTRATING SOLAR COLLECTORSYSTEMMARKET SNAPSHOT
TABLE 2 DRIVERS FOR THE MARKET
TABLE 3 RESTRAINTS FOR THE MARKET
TABLE 4 LOCOMOTIVE MARKET , BY TECHNOLOGY, 2017-2022 (USD MILLION)
TABLE 5 CONVENTIONAL LOCOMOTIVE: LOCOMOTIVE MARKET, BY REGION, 2017-2022 (USD MILLION)
TABLE 6 TURBOCHARGED: LOCOMOTIVE MARKET, BY REGION, 2017-2022 (USD MILLION)
TABLE 7 MAGLEVS: LOCOMOTIVE MARKET, BY REGION, 2017-2022 (USD MILLION)
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 IMPACT ANALYSIS: DRIVERS AND RESTRAINTS
FIGURE 3 LOCOMOTIVE MARKET, BY TECHNOLOGY, 2017-2022 (USD MILLION)
FIGURE 4 LOCOMOTIVE MARKET, BY APPLICATION, 2017-2022 (USD MILLION)
FIGURE 5 LOCOMOTIVE MARKET, BY REGION, 2017-2022 (USD MILLION)
FIGURE 6 NORTH AMERICA: LOCOMOTIVE MARKET, BY COUNTRY, 2017-2022 (USD MILLION)
FIGURE 7 EUROPE: LOCOMOTIVE MARKET, BY COUNTRY, 2017-2022 (USD MILLION)
FIGURE 8 ASIA PACIFIC: LOCOMOTIVE MARKET, BY COUNTRY, 2017-2022 (USD MILLION)
Continued…
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