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Global Railway Traction Motor Market 2019-2023

  • Published: Jan 2019
  • Pages: 124
  • SKU: IRTNTR30703
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The railway traction motor market size will grow by USD 2.37 billion during 2019-2023. This report offers an analysis of the market based on types (DC motors, AC motors, and synchronous motors). The railway traction motor market research report further presents in-depth insights into the growth prospects of the market across APAC, Europe, MEA, North America, and South America. The report also provides an analysis of the market’s competitive landscape and offers information on several companies including ABB, Alstom, Bombardier, GENERAL ELECTRIC, Siemens, and Traktionssysteme Austria.

Below are some of the key findings from this railway traction motor market analysis report

Railway Traction Motor Market

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Global railway traction motor market overview

The increasing demand for rail logistics owing to the growing trade activities is one of the critical factors that will drive the railway traction motor market growth in the coming years. Several factors such as the high efficiency of rail transport over road transport, less traffic congestion compared to highways, and the growth of intermodal transportation, are accelerating the global trade market through railways. Furthermore, rail freight transportation is also more fuel-efficient when compared to road transportation. With the growing trade activities through rail transport, the demand for railway traction motors will increase in the coming years, driving market growth. The global railway traction motor market will register a CAGR of almost 4% during the forecast period.

Top railway traction motor companies covered in this market research report

The railway traction motor market is moderately fragmented, and companies are focusing on the development of battery electric locomotives for practical applications. By providing a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this railway traction motor industry analysis report will help clients assess the market’s growth potential and design innovative strategies to strengthen their market position.

The report offers a complete analysis of several railway traction motor manufacturers including:

  • ABB
  • Alstom
  • Bombardier
  • GENERAL ELECTRIC
  • Siemens
  • Traktionssysteme Austria

Railway traction motor market segmentation based on geographic regions

  • APAC
  • Europe
  • MEA
  • North America
  • South America

APAC will account for the largest railway traction motor market share during the forecast period because of the increasing adoption of electric trains. Rapid industrialization and globalization and the rising fossil fuel prices that increase the preference for electric trains will also drive railway traction motor market growth in this region.

Railway traction motor market segmentation based on 5he type

  • DC motors
  • AC motors
  • Synchronous motors

The DC railway traction motors market segment will account for the highest growth of the global railway traction motor market during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the railway traction motor market size.

Key highlights of the global railway traction motor market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the railway traction motor market during the next five years
  • Precise estimation of the global railway traction motor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the railway traction motor industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on factors that will challenge the growth of railway traction motor companies 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • DC motors - Market size and forecast 2018-2023
  • AC motors - Market size and forecast 2018-2023
  • Synchronous motors - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Emergence of battery electric locomotives
  • Adoption of IoT in railway propulsion system monitoring
  • Smart railways gaining popularity

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB
  • Alstom
  • Bombardier
  • GENERAL ELECTRIC
  • Siemens
  • Traktionssysteme Austria

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations

PART 15: EXPLORE TECHNAVIO

Research Framework

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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