Overview of the global diesel locomotive engines market
Market research analysts at Technavio predict that the global diesel locomotive engines market will grow steadily during the next four years and in terms of units, will post a CAGR of almost 3% by 2020. This market research analysis identifies the augmented costs for cost of rail electrification as one of the primary growth factors for this market. The electrification of rails involves high costs. For instance, the electrification of the Great Western mainline in Britain exceeded almost three times the estimated value to almost USD 4 billion. Additionally, it also arises environmental concerns regarding leveling the natural abode for the construction of electric overhead lines. Such factors will consequently result in increasing the demand for diesel engines from the locomotive sector, propelling market growth.
The development of hydrogen-powered locomotive engines is one of the major factors that will gain traction in this market in the coming years. The hydrogen fuel in the roof will produce electricity by mixing hydrogen and oxygen to generate electricity and will emit only condensed water and steam as by-products. This also eliminates the need for overhead cables, making these trains environment-friendly. One of the locomotive engine manufacturers Alstom, has already launched Coradia iLint, a hydrogen cell powered passenger train in Germany in 2016. The train can reach speeds up to 90 mph and has an approximate range of about 500 miles before refueling.
Competitive landscape and key vendors
The market is characterized by the presence of a limited number of well-established vendors and is dominated by major players such as General Electric (GE), Caterpillar, and China CNR. Due to the restricted demand for locomotive engines, this market is moderately competitive. The major market players are currently focusing on increasing their customer base and are also investing heavily in R&D. With technological advancements and the introduction of regulations from various governments, the market’s competitive environment will likely intensify in the coming years.
The leading vendors in the market are -
- General Electric
- Caterpillar
- China CNR
The other prominent vendors in the market are Alstom, Bombardier, and Siemens.
Segmentation by application and analysis of the diesel locomotive engines market
During 2015, the freight transportation segment accounted for the major shares and dominated this market. The increasing preference of the freight companies towards rail transport for freight transportation due to the growing traffic congestion on highways and the constantly rising fuel prices will fuel the market’s growth prospects in this segment.
Geographical segmentation and analysis of the diesel locomotive engines market
This market study estimates that in terms of geographical regions, EMEA will be the major revenue contributor to the diesel locomotive engine market throughout the forecast period. Due to the availability of low-cost labor, several automotive manufacturers in Europe are shifting their manufacturing plants to countries in Eastern Europe. This will lead to an increase in the number of freight rail services in this region, in turn, aiding market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global diesel locomotive engines market?
- What are the key market trends impacting the growth of the global diesel locomotive engines market?
- What are the challenges to market growth?
- Who are the key vendors in the global diesel locomotive engines market?
- What are the market opportunities and threats faced by the vendors in the global diesel locomotive engines market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global diesel locomotive engines market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by application
- Global diesel locomotive engine market by application
- Global diesel locomotive engine market by freight segment
- Global diesel locomotive market by passenger segment
PART 07: Geographical segmentation
- Global diesel locomotive engine market by geography
- Diesel locomotive engine market in EMEA
- Diesel locomotive engine market in APAC
- Diesel locomotive engine market in Americas
PART 08: Key leading countries
PART 09: Market drivers
- Economic and non-polluting mode of freight transport
- Augmented cost of rail electrification
PART 10: Impact of drivers
PART 11: Market challenges
- Emission standards for diesel locomotive engines
- Consideration of electric engines as a better substitute for diesel engines
- Heavy dependence on road for freight movement
PART 12: Impact of drivers and challenges
PART 13: Market trends
- Hydrogen-powered locomotive engines
- Dual-mode locomotives
- Autonomous locomotive engines for long-distance transport
PART 14: Vendor landscape
- Competitive landscape
- Other prominent vendors
PART 15: Key vendor analysis
- General Electric (GE)
- Caterpillar
- China CNR
PART 16: Appendix
PART 17: Explore Technavio