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Below are some of the key findings from the railway propulsion systems market research report
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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.
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:
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.
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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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