Locomotive Market: 2018 Global Share, Size, Trends, Competitive Analysis, Trends, Key Players - Berliner Maschinenbau, Lokomo, Berliner Maschinenbau, Bombardier Transportation, Brookville Equipment Outlook To 2022

April. 3, 2018 (NEWS) -- Locomotive Market Research Report 2018 expands information on Locomotive Market by Technology (conventional locomotive, turbocharged and MAGLEVS), Application (Passenger and Freight) and by Regions. The global market of Locomotive will grow at a rapid pace over the forecast period. Therefore the Global Locomotive Market is expected to register a CAGR of XX%. Increasing rate of urbanization has been contributing towards the growing popularity of locomotive among the general public.

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Expansion of rail networks in majority of developed as well as developing nations as well as growing concern among the individuals regarding environmental sustainability has had a positive impact on the global locomotives market. Significant investment by authorities across the globe in development of railway infrastructure for freight and high speed trains has also resulted in the growth of global locomotive market. Diesel locomotive market is also growing significantly. Majority of the revenue is generated from the after-sales market which encompasses repair and maintenance of the approximately 120,000 diesel locomotives operated worldwide.

Locomotive Market Companies Analyzed in report are: Bharat Heavy Electricals Limited, Berliner Maschinenbau, Lokomo, China Northern Rail Corporation Limited, Bombardier Transportation, Brookville Equipment Corporation, GE Transportation, and Alstom Ferroviaria S.p.A.

The major trend in the market is the increase in the use of autonomous locomotive engines for long distance transport. Increasing preference for non-polluting and energy-efficient transport is majorly driving the growth of the market. Also, the growth of the market is driven by the increasing government expenditure on developing rail systems for public transport. The global locomotive market was significantly affected by the economic downturn in 2008-2010. Many operators chose to rehabilitate old locomotives instead of acquiring new ones. Companies such as Alstom or Siemens signed valuable contracts with the national Russian operator RZD. Product innovation and a widespread need for fleet renewal will drive the electric locomotive market. An increasing trend towards local suppliers is evident in Eastern Europe. New electric locomotive manufacturers with their production facilities include Pesa and ZNLE in Poland, the Czech manufacturer Skoda, and Tülomsas in Turkey.

Market Segmentation:

Segmentation by Technology - conventional locomotive, turbocharged and MAGLEVS

Segmentation by Application - Passenger and Freight

Segmentation by Regions: North America, Europe, APAC and Rest of the World.

Geographic Analysis:

The Asia-Pacific region is estimated to dominate the locomotive market and is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the improving socio-economic conditions in developing countries such as China, India, Indonesia, and Thailand. The increased populations in countries such as China and India has resulted in increase in need for public transport, which in turn results in an increase in the number of government rail projects. The largest national fleets of electric locomotives are found today in China, Russia and India followed by Germany, Italy and France. In Western Europe, demand will always exist for new electric locomotives due to the overall size of the region's fleet, while Europe's high prices ensures it remains important for total market volume.

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Target Audience of Report:

This report mainly focuses on Locomotive market Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Locomotive market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Locomotive market studied.

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This release was published on openPR.