December 10th, 2022
Global Locomotive Market was valued at USD 64.1 Billion in 2021 and is expected to reach USD 85.9 Billion by the year 2028, at a CAGR of 4.1%.
A locomotive is a motorized rail transport vehicle that drives a train with no payload capacity and its use is solely for pulling the train along the railway tracks. But today, push-pull operations are becoming more common, with locomotives behind, in front of, or at both ends of the train. Electric locomotives are preferred due to their high performance, low energy and maintenance cost, and low pollution levels. In the foreseeable term, increased urbanization, traffic congestion, expanding environmental concerns, and technological improvements are expected to boost demand for locomotives. Governments are actively participating in the market to build railways which are the cheapest and safest mode of transportation further fueling the growth of the locomotive market.
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The research study includes an examination of many aspects that contribute to the market's expansion. Market trends, restrictions, and drivers that have a favorable or negative influence on the market are included. This section also discusses the many businesses and applications that may have an impact on the market in the future. The information is based on both recent and historical patterns. The cost structure, market size, Locomotive Sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report.
Key Prominent Players In The Locomotive Market:
· AEG Power Solutions B.V.
· TOSHIBA CORPORATION
· Hitachi Ltd.
· Bharat Heavy Electricals Limited
· Wabtec Corporation
· Metso Corporation
· Brookville Equipment Corporation and other major players.
Segmentation of Locomotive Market:
By Motive Power
· Gas Turbine Electric
· Steam Diesel Hybrid
· Atomic Electric
· Switcher Locomotives
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
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Industry experts have identified key factors influencing the pace of development of the Locomotive industry, including various opportunities and gaps. A thorough analysis of the Locomotive market for the growth trends of each category makes the overall study interesting. When studying the market, researchers also dig deep into their future prospects and their contribution to the industry. Additionally, the research report evaluated the market key players and features, such as capacity utilization rate comprised of revenue.
Impact of COVID-19 on the Locomotive market
The global locomotive market is severely affected by the outbreak of the COVID-19 pandemic. The COVID-19 pandemic saw a decline in economic growth in almost all major countries, affecting consumer spending patterns. Due to the confinement implemented in several countries, national and international transport has been hampered, which has significantly affected the supply chain of numerous industries around the world, thus increasing the gap between supply and demand.
Key Reasons To Invest In Locomotive Market Report:
· To provide a complete structure and a basic overview of the Locomotive industry market.
· To provide insights into important Locomotive aspects such as growth trajectory, CAGR value, market share, and revenue analysis.
· Assess growth opportunities, threats, market drivers, and associated risks.
· To understand the global Locomotive market competition by analyzing the top business people along with market profiles, import/export details, revenue, profit, and market shares.
· Indicate pricing structure, import/export details, supply chain analysis, and SWOT analysis to facilitate the key decision-making process.
Table Of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Motive Power
3.3 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Locomotive Market by Type
5.1 Locomotive Market Overview Snapshot and Growth Engine
5.2 Locomotive Market Overview
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
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