Increasing rate of urbanization has been contributing towards the growing popularity of locomotive among the general public. Expansion of rail networks in majority of developed as well as developing nations as well as growing concern among the individuals regarding environmental sustainability has had a positive impact on the global locomotives market. Significant investment by authorities across the globe in development of railway infrastructure for freight and high speed trains has also resulted in the growth of global locomotive market.
Key Players of Locomotive Market:
- Bharat Heavy Electricals Limited
- Berliner Maschinenbau
- China Northern Rail Corporation Limited
- Bombardier Transportation
- Brookville Equipment Corporation
- GE Transportation
- Alstom Ferroviaria S.p.A
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The Automotive Position Sensor market has been segmented on the basis of technology as conventional locomotive, turbocharged and MAGLEVS. One the basis of application the market has been segmented as Passenger and Freight.
1. Report Prologue
2.2. Scope of the Study
2.2.1. Research Objective
2.3. Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
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Regional Analysis of Locomotive:
Asia-Pacific region is expected to dominate the global locomotive market mainly due to the existing infrastructure proving to be insufficient to cope with the increasing population. Europe is expected to hold the second largest share in the global locomotive market mainly due to the largest market for rail products, of which major share is acquired by locomotives.
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