Locomotive Market Size, Share, Trends, Key Players Outlook Research Report 2018: Global Industry Analysis To 2022

Locomotive Market Size, Share, Trends Analysis Research Report 2018 of 110 pages expands comprehensive information on Global Locomotive Market by Technology (conventional locomotive, turbocharged and MAGLEVS), Application (Passenger and Freight) and by Region with Forecast to 2022.

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.

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, Alstom Ferroviaria S.p.A.

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Locomotive Market Highlights:

Increasing rate of urbanization is contributing towards the growth of locomotive industry among the general public. Expansion of rail networks in majority of developed as well as developing nations as well as increasing concern amongst the individuals regarding environmental sustainability has led to a positive impact on the global locomotives 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.

Increasing transport demand, as well as fleet refurbishments and new product platforms will spur the global locomotive market. A substantial proportion of locomotives are either operated solely for freight or used universally. The proportion of units used specifically for passenger transport has declined rapidly in the last few years.

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.

Market Segmentation:

Locomotive Market report 2018 provides Market Segmentation by Technology, (conventional locomotive, turbocharged and MAGLEVS), Application (Passenger and Freight) and by Region.

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 manufacturers, 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 are studied in this report.

Global Locomotive market Research Insights:

The report for Global Locomotive Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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