The latest research report by Emergen Research, named ‘Global Locomotive Market - Forecast to 2030 ’, entails a comprehensive review of the global Locomotive Market This comprehensive study provides various aspects of business such as important definition, end use and total revenue generated across various regions. Besides this, researchers behind this study put in vigilant and persistent effort to keep a proximate attention on top performers of Locomotive Market industry. Import and export, demand and supply, gross margin, supply chain management and distribution channel are the other aspects examined during the research.
The global locomotive market size was USD 14.31 Billion in 2021 and is expected to register a revenue CAGR of 7.7% during the forecast period, according to latest analysis by Emergen Research. Rising adoption of autonomous locomotive engines is a key factor driving market revenue growth.
Rapid improvement of microprocessors, Artificial Intelligence, and miniaturization of laser and optical spatial scanning systems has enabled widespread use of autonomous vehicles on roads and railways. Automakers have long desired to harness power of autonomous electric mobility. Railway systems already include seeds of autonomous driving, as well as safety advantages over open-road driving. Various companies are now testing, developing, and introducing autonomous locomotives , for instance, in April 2022, Alstom, a French multinational rolling stock manufacturer successfully carried out ODS testing at Oosterhout, close to Dutch city of Breda.
The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. . The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
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Key participants include Strukton, Alstom SA., Hitachi Ltd., Bombardier Inc., Bharat Heavy Electricals Limited, Brookville Equipment Corporation, CRRC Corporation Limited, AEG Power Solutions, Toshiba Corporation, Siemens AG., Mitsubishi Heavy Industries, Ltd., and Wabtec Corporation.
Focal Points of the Global Locomotive Market Report:
- Market Coverage: This section of the report covers significant details on the key manufacturers, vital Locomotive Market segments, product innovation scope, and the forecast years. Additionally, it describes in detail the range of the product and the global Locomotive Market segmentation based on product type and application spectrum.
- Executive Summary: In this chapter, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed at length.
- Regional Analysis: The report offers meaningful insights into the Locomotive Market import and export trends, production and consumption capacities, estimated revenue share, and key players of each region dominating the market
- Competitive Landscape: The report also discusses the course of development of each market player in this industry vertical during the forecast period. It further details on the firms, industries, organizations, vendors, and local manufacturers engaged in this industry. The leading products and services to gain global and regional market shares form the competitive landscape of the Locomotive Market
- Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product profiles, production value and capacity, and other vital information.
To know more about Locomotive Market report, visit @ https://www.emergenresearch.com/industry-report/locomotive-market
The report, additionally, offers a comprehensive SWOT analysis and Porter’sFive Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
segmentation:
Emergen Research has segmented the global locomotive market based on technology, type, component, end-use, and region:
Technology Outlook (Revenue, USD Billion; 2019-2030)
- Gate Turn-Off (GTO) Thyristor
- Insulated-Gate Bipolar Transistor (IGBT) Module
- Silicon Carbide (SiC) Module
Type Outlook (Revenue, USD Billion; 2019-2030)
- Diesel
- Electric
- Electro-Diesel
- Others
Component Outlook (Revenue, USD Billion; 2019-2030)
- Rectifier
- Alternator
- Traction Motor
- Inverter
- Auxiliary Power Conversion Unit
- Others
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Freight
- Passengers
- Others
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Canada
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
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