Latest Study Report of Locomotive Market Growth by 2019-2026: Focusing on Top Leading Players like Strukton; Alstom; AEG Power Solutions B.V.; Siemens; TOSHIBA CORPORATION; CRRC; Hitachi, Ltd.; Bombardier

Global Locomotive Market By Technology (IGBT Power Module, GTO Thyristor Module, SiC Power Module), Locomotive Technology (Turbocharged, Maglevs, Conventional Locomotive), Motive Power (Gas Turbine Electric, Steam Diesel Hybrid, Diesel, Atomic Electric, Steam, Fuel Cell Electric, Electric, Gasoline, Hybrid), Components (Traction, Inverter, Alternator, Rectifier, Auxiliary Power Conversion Unit), Rolling Stock Type (DMU, EMU, Diesel & Electric Locomotive), Application (Passenger, Freight, Switcher Locomotives), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Global locomotive market is expected to register a steady CAGR of 2.79% in the forecast period of 2019-2026.

Locomotives can be defined as an engine of railway vehicles which is the power source for their movements, although they are also capable of carrying the payload which is more preferable rather than having an individual locomotive attached to different rail vehicles that cannot move by themselves. These systems are generally preferred in passenger rail transport systems rather than freight.

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Companies Profiled in this report includes, Strukton; Alstom; AEG Power Solutions B.V.; Siemens; TOSHIBA CORPORATION; CRRC; Hitachi, Ltd.; Bombardier; Bharat Heavy Electricals Limited; Wabtec Corporation; Metso Corporation; Brookville Equipment Corporation; Materfer; KONČAR - Electronics and Informatics Inc.; A. Stucki Company; UGL Rail; Tata Motors; Kawasaki Rail Car, Inc.; HYUNDAI ROTEM COMPANY; Taiwan Rolling Stock Co, Ltd. and Stadler Rail AG.

The Locomotive report makes concentrate on the important aspects of the market such as recent market trends and market conditions. Moreover, the Locomotive report also contains all the information including market definition, classifications, key developments, applications, and engagements while detailing about the actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values. This industry analysis report speaks in detail about the manufacturing process, type and applications. The Locomotive report consists of drivers and restraints for the market which are obtained with the help of SWOT analysis, along with their impact on the demand over the forecast period.

Market Drivers:

• Rise in the demand for fuel efficient among growing concerns for the environment; this factor is expected to positively affect the growth of the market
• Increased demand for advanced power components and modernization in the market leading to lower weight locomotives is expected to positively affect the growth of the market
• High levels of urbanization leading to enhanced adoption of railway services globally is expected to drive the market growth

Market Restraint:

• Requirement of large capital funding for the integration and establishment as well as maintenance of railway services are factors restraining the growth of the market

Segmentation: Global Locomotive Market

By Technology: Insulated-Gate Bipolar Transistor (IGBT) Power Module, Gate Turn-Off (GTO) Thyristor Module, Silicon Carbide (SiC) Power Module
By Locomotive Technology: Turbocharged, Maglevs, Conventional Locomotive
By Motive Power: Gas Turbine Electric, Steam Diesel Hybrid, Diesel, Atomic Electric, Steam, Fuel Cell Electric, Electric, Gasoline, Hybrid
By Components: Traction, Inverter, Alternator, Rectifier, Auxiliary Power Conversion Unit
By Rolling Stock Type: Diesel Multiple Unit (DMU), Electric Multiple Unit (EMU), Diesel & Electric Locomotive
By Application: Passenger, Freight, Switcher Locomotives

Key Developments in the Market:

• In February 2019, Wabtec Corporation announced that they had completed the merger with GE Transportation. This merger establishes Wabtec as a global leader in transportation & logistics products and services providing the highest levels of modernized & advanced levels of equipments and components.
• In December 2018, A. Stucki Company announced that they had acquired Savage Fueling Corp. The acquisition will help in expansion of locomotive services of A. Stucki Company where Savage Fueling Corp. will continue to operate with the same management & employees although the name will be changed to Velocity Rail Solutions.

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In this document, market segmentation is performed in terms of markets covered, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions. For better decisions, more revenue generation, and profitable business, such Locomotive market research report is the key. All this data and information is very important to the businesses when it comes to characterize the strategies about the production, marketing, sales, promotion and distribution of the products and services. Locomotive report is quite fundamental as competitive era calls for businesses to be equipped with knowhow of the major happenings of the market and industry.

Reasons to purchase this Locomotive premium report:

• This Locomotive research report illuminates the market development of a few sorts of items sold by driving organizations.
• It delivers the market Dynamics in which the authors of the report have comprehensively discussed about the key drivers, restraints, challenges, trends and opportunities of the global market
• The investigators composing the report have profoundly surveyed the market capability of key applications and distinguished future opportunities they are relied upon to make in the worldwide market.
• Each provincial market is painstakingly investigated for understanding its present and future development situations.
• Top players of the worldwide market are altogether profiled in the report dependent on their piece of the overall industry, showcase served, items, applications, territorial development, and different variables.

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