Overview of the global electric locomotive engines market
According to Technavio’s analyst, the global electric locomotive engines market is anticipated to grow at a steady rate and post a CAGR of close to 4% during the forecast period. The increasing preference for non-polluting and energy-efficient transportation system will drive the growth prospects for the global electric locomotive engines market until the end of 2021. It has been observed that the transport segment accounted for about 25% of the global carbon dioxide emissions from fuel combustion in 2015, which, in turn, will drive the preference for electric locomotive engines over their traditional diesel train counterparts. Additionally, the rising preference for electric locomotive engines for freight transportation due to their fuel-efficiency and on-time modes of transportation, which will increase freight transportation through rails, will also fuel the growth of this global market in the coming years.
The emergence of dual-mode locomotive electric trains will be one of the major trends that will gain traction in the electric locomotive engines market for the next four years. Due to their reduced dependence on petrol, the coming years will witness an increased preference for dual mode trains, which will be one of the major factors propelling the growth of this market.
Competitive landscape and key vendors
The global electric locomotive engines market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that several vendors are increasingly focusing on expanding their customer base and increasing their investments in research and developmental activities.
Key vendors in this market are -
Other prominent vendors in the market include CAF, MITSUI, ŠKODA AUTO, and Talgo.
Segmentation by application and analysis of the electric locomotive engines market
- Passenger transport
- Freight transport
The electric locomotive engines market in freight transport accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the growing preference for electric rail engines in freight transportation is the increasing traffic congestion on highways and rising fuel prices.
Segmentation by geography and analysis of the electric locomotive engines market
In terms of geography, APAC accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. Some of the major factors responsible for the market’s growth in the region is the increasing volumes of freight to be transported and the constantly increasing number of vehicles.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global electric locomotive engines market?
- What are the key market trends impacting the growth of the global electric locomotive engines market?
- What are the challenges to market growth?
- Who are the key vendors in the global electric locomotive engines market?
- What are the market opportunities and threats faced by the vendors in the global electric locomotive engines market?
- What are the 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 electric locomotive engines market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Five forces analysis
PART 06: Market segmentation by application
- Global electric locomotive engines market by application
- Electric locomotive engines market in freight transport
- Electric locomotive engines market in passenger transport
PART 07: Geographical segmentation
- Geographical segmentation of global electric locomotive engines market
- Electric locomotive engines market in EMEA
- Electric locomotive engines market in Americas
PART 08: Key leading countries
PART 09: Market drivers
- Stringent emission standards for diesel locomotive engines
- Increasing preference for non-polluting and energy-efficient transport
- Increasing government expenditure on developing rail systems for public transport
PART 10: Impact of drivers
PART 11: Market challenges
- Augmented cost of rail electrification and freight volumes
- Heavy dependence on road for freight movement
- Rising preference for road transport for passenger mobility
PART 12: Impact of drivers and challenges
PART 13: Market trends
- Emergence of dual-mode locomotive trains
- Use of autonomous locomotive engines for long-distance transport
- Emergence of hydrogen-powered locomotive engines
PART 14: Vendor landscape
- Competitor landscape
- Other prominent vendors
PART 15: Key vendor analysis
PART 16: Appendix