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The locomotive Market size was valued at USD 20.05 billion in 2023 and is expected to reach at USD 47.65 billion by 2032, and grow at a CAGR of 9.10% over the forecast period of 2024-2032.
The locomotive market is used for freight routes where there is an advanced railway network. There has been continuing innovation for locomotives in terms of operating systems and so forth. The main purpose behind using electric locomotives over diesel locomotives is to reduce maintenance costs and pollution. There has been an increase in urbanization, and also an increase in traffic, which is giving a boom to the locomotive market. There has been immense growth in technological advancement in the railway management sector, which contributes to the growth of the locomotive market. These are the basic and most important aspects that will drive the locomotive market during the forecasted period. The rising initiatives taken by every nation around the world, along with efforts by key players regarding net-zero emissions, are contributing to the growth of the locomotive market.
We would also like to mention some of the beneficial facts that highlight why growth is inevitable: carrying more passengers and goods simultaneously. The electric locomotive operates with the help of overhead lines that supply energy or electricity, or through batteries. The current is transferred by means of AC or DC charging methodologies and is stored in batteries, which allow the electric locomotive to cover greater distances. When considering the functionality of the electric locomotive, another benefit is the rise in environmental sustainability programs in almost every nation.
There are restraining and challenging factors for every market, and the locomotive market is no exception. The high initial cost and the infrastructure availability required for the development of electric locomotives are significant restraining factors, particularly in emerging and undeveloped countries. Another major influencing factor is the high cost of diesel locomotives. According to statements from engineers, the costs associated with diesel locomotives can be saved by using battery-powered locomotives instead. In the U.S., more than 50% of the locomotives are diesel-electric. However, the continuous efforts to make them fully electric and autonomous, along with the initiatives taken for the same, can be considered key elements for the future growth of the locomotive market during the forecasted period.
Drivers
The rise in the traffic and population which rises the demand for the freight transport
Rise in the demand for fuel-efficient autonomous products
The low switching cost and the benefits associated with the electric locomotive
The dual carbon goal or the zero net carbon emission goal of the nations all around the globe
The goal of the net zero carbon emission will drive the market in all the developed and the emerging countries, the initiative taken by the government to increase the budget and to take initiative to support the activities related to the zero-carbon emission explains the driving factor of the Electric locomotive Market, the rise in the budget allocation of the nations for the motive of environmental sustainability will be a key factor, according to the World Bank air pollution is to be considered as the major reason for the illness and premature death and the fact which cannot be denied is that approx.. 95% of the deaths have tend to happen in the developing countries, for electric locomotive use of lithium-ion batteries will be done also the utilization of the green hydrogen in trains can help achieve this goal but the infrastructure regarding the hydrogen fuel cell can create barrier whereas the high production of lithium-ion batteries will impact the electric locomotive market positively in the present scenario.
Opportunities
The expansion of routes for the railways initiated by the government
Rapid growth in traffic and a growing population all around the globe
The use of the electric locomotives is done on a large scale specially for the transportation of the freights in the developed countries most of the people use locomotives as a mode of transportation, the number is increasing if we compared it with the historical data, the another important data which we would like po mention is the rising traffic in the developed and the undeveloped countries of several regions, rising traffic is caused by the rise in the sale of the personal vehicles as the availability of the vehicles atlow price can be done which is causing rise in the traffic and that can be the precise reason people are more shifting towards the electric locomotive to save the time and low cost charges compared to the personal or different modes of transport and this what the factors are been considered by the key players and the emerging players to innovate new technologies to satisfy the need also keeping the environmental sustainability factor in mind.
Challenges
The requirement of the high capital for the development and the production of the electric locomotive as the global disruptions has disturbed the economic conditions of the nations and the effect will be prolonged as it will depend on the approach of the nation’s recovery process.
By Propulsion Type:
Diesel locomotives dominated, holding 65% of the market share of all locomotive sales. It is versatile and can be used on any terrain, giving it a very special place in freight transport. However, with growing concerns over the environment and increasing fuel prices, electric locomotives seem to be the trend. These green machines have now drawn a lot of attention to themselves and have covered 35% of the market. Though their investment cost is more expensive, electric locomotives are called for due to their long-term operational savings and sustainable goals. With increased focus on green initiatives by governments and railway operators, the demand for electric locomotives will surge, which might reduce the gap with diesel-powered cousins.
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By End Use:
Segmentation of the locomotive market will fall into different end-uses that are eventuated with different dynamics of demand and potential growth. The passenger segment has had a steady rise in the past years due to the driving forces of urban commuting and long-distance need. The reason for this can be attributed to increasing population, rapid urbanization, and a fast-developing taste for railway transportation, motivated by the fact that it is efficient and eco-friendly. Though passenger segments have seen linear growth, freight has had a more roller-coaster trajectory due to factors such as economic fluctuations, trade policies, and infrastructural developments in transportation. Offsetting this by the current trend of sustainability in transportation and growing dependence on rails for bulk cargo movement, there are still open windows for growth in the freight segment.
Europe is the region with the highest share in the total market estimation of the locomotive market. The European locomotive market is undergoing a radical transformation process, mainly because of the increasing demand for electric locomotives. Germany, France, and the UK are leading in this, where more than 60% of new locomotives sold in recent years have been electric. This scenario mainly lies in the strict environmental regulations and an increasing care for sustainable transport. Even though diesel locomotives still enjoy a very decent market share, especially in those countries where the development of electrification infrastructure has not been so big, this stronghold is slowly wearing out. Growing hybrid and hydrogen-fuelled locomotive adoption further underlines the region's commitment to reducing carbon emissions and improving air quality.
APAC is expected to be the region with the second highest share to the market estimation of the market because of the countries like China, Indian and Japan the continuous infrastructural development and the rising demand for the freight transportation.The Asia-Pacific region has become the locomotive of the global locomotive market and continues to capture a huge share of global production and consumption. Indeed, countries like India, China, and Japan have driven this growth through their expanding rail networks and resulting modernization programs. For instance, there is a huge increase in demand for locomotives, especially electric and diesel variants, to serve India's ambitious railway expansion plans. While China, for its part, has invested greatly in high-speed rails; thus, it would require very efficient locomotives.
The major key players are TMH, CRRC, Wabtec Corporation, Alstom, Siemens Mobility, Sinara, Stadler, Hitachi, Hyundai, Toshiba International Corporation.
1. CRRC Corporation :The development of the first High -Temperature Superconducting system (HTS) completed its first suspension operation in China, the basic objective of the development is to improves the transportation channels in the mega cities.
2.Alstom SA : The partnership between the Export Development Canada (EDC) and Alstom SA of worth $3.5 Billion for sustainable mobility financing, as we mentioned earlier that every organization is taking initiative to achieve the goal of zero carbon emission this is the facts to support the statements.
3. Siemens Mobility : Siemens mobility has secured order of €3 billion and it is the first largest contract ever, the order is to provide 1200 electric freight locomotives to Indian railways.
4. Stadler Rail AG :The company has increased the contracts for the bi mode locomotives, one of the major contracts include the framework agreement between Sadler and Trenitalia for the supply of 50 bi-mode locomotives.
| Report Attributes | Details |
| Market Size in 2023 | US$ 20.05 Bn |
| Market Size by 2032 | US$ 47.65 Bn |
| CAGR | CAGR of 9.10% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Propulsion Type(Diesel, Electric) • By Technology (IGBT Module, GTO Thyristor, SiC Module) • By Component (Rectifiers, Inverter, Motor, Others) • By End User(Passenger Transport, Freight Transport) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | TMH, CRRC, Wabtec Corporation, Alstom, Siemens Mobility, Sinara, Stadler, Hitachi, Hyundai, Toshiba International Corporation. |
| Key Drivers | • The rise in the traffic and population which rises the demand for the freight transport. • Rise in the demand for fuel-efficient autonomous products. |
| Market Opportunities | • The expansion of routes for the railways initiated by the government. • Rapid growth in traffic and a growing population all around the globe. |
Ans: The locomotive Market size was valued at USD 20.05 billion in 2023 and is expected to reach at USD 47.65 billion by 2032, and grow at a CAGR of 9.10% over the forecast period of 2024-2032.
Ans: The rise in the traffic and population which rises the demand for the freight transport
Ans: Rapid growth in traffic and a growing population all around the globe.
Ans: Diesel locomotives dominated, holding 65% of the market share of all locomotive sales.
The lack of infrastructure in the undeveloped regions and also the rise in the energy and raw material prices.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Adoption Rates of Emerging Technologies
5.2 Network Infrastructure Expansion, By Region
5.3 Cybersecurity Incidents, By Region (2020-2023)
5.4 Cloud Services Usage, By Region
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Locomotive Market Segmentation, by Propulsion Type
7.1 Chapter Overview
7.2 Diesel
7.2.1 Diesel Market Trends Analysis (2020-2032)
7.2.2 Diesel Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Electric
7.3.1 Electric Market Trends Analysis (2020-2032)
7.3.2 Electric Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Locomotive Market Segmentation, by Technology
8.1 Chapter Overview
8.2 IGBT Module
8.2.1 IGBT Module Market Trends Analysis (2020-2032)
8.2.2 IGBT Module Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 GTO Thyristor
8.3.1 GTO Thyristor Market Trends Analysis (2020-2032)
8.3.2 GTO Thyristor Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 SiC Module
8.4.1 SiC Module Market Trends Analysis (2020-2032)
8.4.2 SiC Module Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Locomotive Market Segmentation, by Component Type
9.1 Chapter Overview
9.2 Inverter
9.2.1 Inverter Market Trends Analysis (2020-2032)
9.2.2 Inverter Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Motor
9.3.1 Motor Market Trends Analysis (2020-2032)
9.3.2 Motor Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Others
9.4.1 Others Market Trends Analysis (2020-2032)
9.4.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Locomotive Market Segmentation, By End User
10.1 Chapter Overview
10.2 Passenger Transport
10.2.1 Passenger Transport Market Trends Analysis (2020-2032)
10.2.2 Passenger Transport Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 Freight Transport
10.3.1 Freight Transport Market Trends Analysis (2020-2032)
10.3.2 Freight Transport Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trends Analysis
11.2.2 North America Locomotive Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.2.3 North America Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.2.4 North America Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.2.5 North America Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.2.6 North America Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.2.7.2 USA Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.2.7.3 USA Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.2.7.4 USA Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.2.7 Canada
11.2.7.1 Canada Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.2.7.2 Canada Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.2.7.3 Canada Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.2.7.3 Canada Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.2.8 Mexico
11.2.8.1 Mexico Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.2.8.2 Mexico Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.2.8.3 Mexico Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.2.8.3 Mexico Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Trends Analysis
11.3.1.2 Eastern Europe Locomotive Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.1.3 Eastern Europe Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.1.4 Eastern Europe Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.1.6 Poland
11.3.1.6.1 Poland Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.1.6.2 Poland Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.1.6.3 Poland Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.1.6.3 Poland Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.1.7 Romania
11.3.1.7.1 Romania Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.1.7.2 Romania Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.1.7.3 Romania Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.1.7.3 Romania Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.1.8 Hungary
11.3.1.8.1 Hungary Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.1.8.2 Hungary Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.1.8.3 Hungary Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.1.8.3 Hungary Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.1.9 Turkey
11.3.1.9.1 Turkey Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.1.9.2 Turkey Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.1.9.3 Turkey Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.1.9.3 Turkey Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.1.11 Rest of Eastern Europe
11.3.1.11.1 Rest of Eastern Europe Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.1.11.2 Rest of Eastern Europe Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.2 Western Europe
11.3.2.1 Trends Analysis
11.3.2.2 Western Europe Locomotive Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.2.3 Western Europe Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.2.4 Western Europe Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.2.5 Western Europe Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.2.5 Western Europe Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.2.6 Germany
11.3.2.6.1 Germany Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.2.6.2 Germany Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.2.6.3 Germany Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.2.6.3 Germany Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.2.7 France
11.3.2.7.1 France Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.2.7.2 France Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.2.7.3 France Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.2.7.3 France Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.2.8 UK
11.3.2.8.1 UK Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.2.8.2 UK Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.2.8.3 UK Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.2.8.3 UK Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.2.9 Italy
11.3.2.9.1 Italy Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.2.9.2 Italy Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.2.9.3 Italy Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.2.9.3 Italy Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.2.11 Spain
11.3.2.11.1 Spain Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.2.11.2 Spain Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.2.11.3 Spain Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.2.11.3 Spain Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.2.11 Netherlands
11.3.2.11.1 Netherlands Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.2.11.2 Netherlands Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.2.11.3 Netherlands Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.2.11.3 Netherlands Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.2.12 Switzerland
11.3.2.12.1 Switzerland Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.2.12.2 Switzerland Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.2.12.3 Switzerland Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.2.12.3 Switzerland Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.2.13 Austria
11.3.2.13.1 Austria Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.2.13.2 Austria Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.2.13.3 Austria Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.2.13.3 Austria Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.3.2.14 Rest of Western Europe
11.3.2.14.1 Rest of Western Europe Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.3.2.14.2 Rest of Western Europe Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.3.2.14.3 Rest of Western Europe Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.3.2.14.3 Rest of Western Europe Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trends Analysis
11.4.2 Asia Pacific Locomotive Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.4.3 Asia Pacific Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.4.4 Asia Pacific Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.4.5 Asia Pacific Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.4.5 Asia Pacific Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.4.6 China
11.4.6.1 China Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.4.6.2 China Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.4.6.3 China Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.4.6.3 China Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.4.7 India
11.4.7.1 India Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.4.7.2 India Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.4.7.3 India Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.4.7.3 India Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.4.8 Japan
11.4.8.1 Japan Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.4.8.2 Japan Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.4.8.3 Japan Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.4.8.3 Japan Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.4.9 South Korea
11.4.9.1 South Korea Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.4.9.2 South Korea Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.4.9.3 South Korea Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.4.9.3 South Korea Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.4.11 Vietnam
11.4.11.1 Vietnam Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.4.11.2 Vietnam Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.4.11.3 Vietnam Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.4.11.3 Vietnam Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.4.11 Singapore
11.4.11.1 Singapore Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.4.11.2 Singapore Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.4.11.3 Singapore Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.4.11.3 Singapore Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.4.12 Australia
11.4.12.1 Australia Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.4.12.2 Australia Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.4.12.3 Australia Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.4.12.3 Australia Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.4.13 Rest of Asia Pacific
11.4.13.1 Rest of Asia Pacific Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.4.13.2 Rest of Asia Pacific Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.4.13.3 Rest of Asia Pacific Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.4.13.3 Rest of Asia Pacific Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Trends Analysis
11.5.1.2 Middle East Locomotive Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.1.3 Middle East Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.5.1.4 Middle East Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.5.1.5 Middle East Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.5.1.5 Middle East Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.5.1.6 UAE
11.5.1.6.1 UAE Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.5.1.6.2 UAE Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.5.1.6.3 UAE Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.5.1.6.3 UAE Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.5.1.7 Egypt
11.5.1.7.1 Egypt Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.5.1.7.2 Egypt Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.5.1.7.3 Egypt Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.5.1.7.3 Egypt Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.5.1.8 Saudi Arabia
11.5.1.8.1 Saudi Arabia Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.5.1.8.2 Saudi Arabia Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.5.1.8.3 Saudi Arabia Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.5.1.8.3 Saudi Arabia Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.5.1.9 Qatar
11.5.1.9.1 Qatar Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.5.1.9.2 Qatar Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.5.1.9.3 Qatar Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.5.1.9.3 Qatar Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.5.1.11 Rest of Middle East
11.5.1.11.1 Rest of Middle East Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.5.1.11.2 Rest of Middle East Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.5.2 Africa
11.5.2.1 Trends Analysis
11.5.2.2 Africa Locomotive Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.2.3 Africa Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.5.2.4 Africa Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.5.2.5 Africa Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.5.2.8.3 Africa Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.5.2.6 South Africa
11.5.2.6.1 South Africa Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.5.2.6.2 South Africa Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.5.2.6.3 South Africa Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.5.2.8.3 South Africa Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.5.2.7 Nigeria
11.5.2.7.1 Nigeria Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.5.2.7.2 Nigeria Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.5.2.7.3 Nigeria Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.5.2.8.3 Nigeria Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.5.2.8 Rest of Africa
11.5.2.8.1 Rest of Africa Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.5.2.8.2 Rest of Africa Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.5.2.8.3 Rest of Africa Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.5.2.8.3 Rest of Africa Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.6 Latin America
11.6.1 Trends Analysis
11.6.2 Latin America Locomotive Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.6.3 Latin America Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.6.4 Latin America Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.6.5 Latin America Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.6.5 Latin America Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.6.6 Brazil
11.6.6.1 Brazil Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.6.6.2 Brazil Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.6.6.3 Brazil Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.6.6.3 Brazil Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.6.7 Argentina
11.6.7.1 Argentina Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.6.7.2 Argentina Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.6.7.3 Argentina Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.6.7.3 Argentina Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.6.8 Colombia
11.6.8.1 Colombia Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.6.8.2 Colombia Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.6.8.3 Colombia Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.6.8.3 Colombia Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11.6.9 Rest of Latin America
11.6.9.1 Rest of Latin America Locomotive Market Estimates and Forecasts, by Propulsion Type (2020-2032) (USD Billion)
11.6.9.2 Rest of Latin America Locomotive Market Estimates and Forecasts, by Component Type (2020-2032) (USD Billion)
11.6.9.3 Rest of Latin America Locomotive Market Estimates and Forecasts, by Technology Type (2020-2032) (USD Billion)
11.6.9.3 Rest of Latin America Locomotive Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
12. Company Profiles
12.1 TMH
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 CRRC
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 Wabtec Corporation
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 Siemens Mobility
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 Sinara
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 Stadler
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 Hitachi
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8 Hyundai
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 Toshiba International Corporation
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 Others
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
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This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
Propulsion Type
Diesel
Electric
Technology Type
IGBT Module
GTO Thyristor
SiC Module
Component Type
Inverter
Motor
Others
End User
Passenger Transport
Freight Transport
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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