Global Railway Propulsion Systems Market 2018-2022
- Published: Aug 2018
- Pages: 107
- SKU: IRTNTR23761
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The global railway propulsion systems market size will grow by 16.66 thousand units during 2018-2022. This report offers an analysis of the market based on application (diesel locomotives and electric locomotives) and geography (the Americas, APAC, and EMEA). The railway propulsion systems market research report further analyzes the market’s competitive landscape and offers information on several companies including ABB, ALSTOM, Bombardier, CRRC, GENERAL ELECTRIC, and Hitachi.
Below are some of the key findings from the railway propulsion systems market research report
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Global railway propulsion systems industry overview
The cost-effectiveness of rail freight over other modes of transportation is one of the key factors expected to drive the demand for railway propulsion systems. The emergence of e-commerce has resulted in a considerable increase in the need for logistics and transportation services, which account for a major share of the overall product cost. To reduce the cost of transportation, companies have started preferring fast and cost-effective means of freight transportation. Further, due to the technological advancements in railway propulsion systems, railways have emerged as the most cost-effective option of freight transport. Systematic planning to avoid congestion, rail freight transport proves to be a faster mode than the other modes of transportation. Owing to such benefits, railways has emerged as the most preferred transportation mode for e-commerce logistics, increasing the need for rail freight transportation. This will subsequently drive the growth of the railway propulsion systems market, which according to our analysts will register a CAGR of close to 3% by 2022.
The increasing use of alternative fuel in locomotives is one of the key trends expected to gain traction in the market. The railway industry is focusing on replacing carbon-intensive diesel fuel with alternative fuels like LNG, hydrogen, and bio-diesel. The alternative fuel technologies will further replace fuel on non-electrified routes. As a result, the hydrogen power will further fuel the railway propulsion systems market’s growth in the forthcoming years.
Top railway propulsion systems companies covered in this market research report
The railway propulsion systems market is moderately fragmented with companies focusing on launching innovative products to strengthen their position in the market. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this railway propulsion systems industry analysis report will aid clients identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- GENERAL ELECTRIC
Railway propulsion systems market segmentation based on geographic regions
With a complete study of the growth opportunities for the companies, the EMEA region will account for the highest market share throughout the forecast period. The region is expected to maintain dominance in the market owing to the presence of major vendors in the advanced economies within the region.
Railway propulsion systems market segmentation based on application
- Diesel locomotives
- Electric locomotives
The diesel locomotives segment will account for the highest railway propulsion systems market share. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the railway propulsion systems market size.
Key highlights of the global railway propulsion systems market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the railway propulsion systems market during the next five years
- Precise estimation of the global railway propulsion systems market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the railway propulsion systems industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of railway propulsion systems companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY APPLICATION
- Segmentation by application
- Comparison by application
- Global railway propulsion systems market by diesel locomotives
- Global railway propulsion systems market by electric locomotives
- Market opportunity by application
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- Railway propulsion systems market in Americas
- Railway propulsion systems market in EMEA
- Railway propulsion systems market in APAC
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Emergence of maglev trains
- Increasing use of alternative fuel in locomotives
- Emergence of tilting and driverless trains
PART 13: VENDOR LANDSCAPE
- Landscape disruption
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- General Electric
PART 15: APPENDIX
- List of abbreviations
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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