Locomotives Market

The global Locomotives (Rolling Stock) market was valued at 7975.76 Million USD in 2021 and will grow with a CAGR of 3.43% from 2021 to 2027, based on Research newly published report.
The prime objective of Locomotives Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Locomotives Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Locomotive is a rail transport vehicle that provides the motive power for a train. Locomotives use electricity to drive forward motion despite some locomotive named `diesel`. In diesel locomotive, a large diesel engine turns a shaft that drives a generator which makes electricity. This electrical energy powers large electric motors at the wheels called `traction motors`.The global average price of Locomotives is in the decreasing trend, from 2.88 M USD/Unit in 2013 to 2.47 million USD/Unit in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years. The classification of Locomotives includes Diesel Locomotive and Electric Locomotive. The proportion of Diesel Locomotive in 2017 is about 72.05%, and the proportion is in decreasing trend from 2013 to 2017 as the electric locomotive has more advantages. Asia Pacific is the largest consumption place, with a consumption market share nearly 40.65% in 2017. Following Asia Pacific, North America is the second largest consumption place with the consumption market share of 23.88%.
By Market Verdors:

• CRRC
• GE
• Alstom
• Siemens
• Bombardier
• Hitachi
• Transmashholding
• EMD (Catepiller)
• Kawasaki Heavy Industries
• Stadler Rail
• Hyundai Rotem

• Diesel Locomotive
• Electric Locomotive

• Passenger Transport
• Freight Transport

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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