For this study, the global Locomotive Market is segmented by Technology (conventional locomotive, turbocharged and MAGLEVS), Application (Passenger and Freight) and by Region – Global Forecast to 2022.
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The key players in the global Locomotive market include:
Bharat Heavy Electricals Limited, Berliner Maschinenbau, Lokomo, China Northern Rail Corporation Limited, Bombardier Transportation, Brookville Equipment Corporation, GE Transportation, Alstom Ferroviaria S.p.A
The locomotive is defined as a powered railway vehicle used for pulling trains. With vehicle market growing, the market for locomotive cannot be far behind. Market Research Future (MRFR) has published a research report about the global locomotive market that predicts growth for this market during the forecast period between 2016 and 2022.
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.
Analyzing the market structure, this report estimates the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments like joint ventures, new product developments, mergers and acquisitions, research and developments (R&D) in the market.
Market Segments Analysis:
The global locomotive market has been segmented on the basis of application, technology, and region. The application-based segmentation segments this market into passenger and freight. Passenger trains are for travelers whereas freight trains are meant for transferring goods from one place to another. Based on technology, the market has been segmented into the conventional locomotive, maglev, and turbocharged.
The regional segmentation of the global locomotive market segments the market into the regional markets known North America, Europe, Asia Pacific, and rest of the world (RoW). During the forecast period, the Asia Pacific region has been estimated to dominate the global market due to improving socio-economic conditions in developing countries such as China, India, Indonesia, and Thailand. The high density of population in countries like China and India has resulted in an increase in need as well as demand for public transport, which in turn results in an increase in the number of government rail projects. Another important country-specific market in this region is Japan, followed by the remaining Asia Pacific countries.
Europe is another important regional market that is growing due to the presence of some key market players, high level of industrialization, and technological advancement that is second only to North America. In this region, the vital country-specific markets are France, Germany, Italy, Spain, and the UK. The highest number of national fleets of electric locomotives are found in Russia which along with China and India forms the top 3 list in this regard. France, Germany, and Italy are the next three in the league.
North America is a crucial regional market due to technological advancement, vehicle industry, heavy industrialization, and many key market players being present in this region. The maximum revenue in this region comes from the country-specific markets known as the USA, Canada, and Mexico.
The RoW segment covers South America and the Middle East & Africa (MEA) region. In South America, the market is growing slowly due to slow economic growth in this region. The most important country-specific markets in South America are Argentina and Brazil, followed by the remaining countries in South America. In the MEA region, the market is growing due to the demand for vehicles. However, the market is limited in this region due to lack of necessary infrastructure, lack of technology, lack of awareness, and lack of education. In the MEA region, the major country-specific markets are Saudi Arabia, South Africa, Qatar, and the UAE, followed by the remaining countries in the MEA region.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL LOCOMOTIVE MARKET
5 INDUSTRY OVERVIEW OF GLOBAL LOCOMOTIVE MARKET
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
LIST OF TABLES:
TABLE 1 GLOBAL LOCOMOTIVE MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA LOCOMOTIVE MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE LOCOMOTIVE MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC LOCOMOTIVE MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA LOCOMOTIVE MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA LOCOMOTIVE MARKET: BY COUNTRY, 2017-2023
LIST OF FIGURES:
FIGURE 1 GLOBAL LOCOMOTIVE MARKET SEGMENTATION
FIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL LOCOMOTIVE MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL LOCOMOTIVE MARKET
FIGURE 5 SHARE OF GLOBAL LOCOMOTIVE MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL LOCOMOTIVE MARKET, 2017-2023,
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