Locomotive Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The Global Locomotive Market size is expected to grow at an annual average of 3% during 2021-2027. A locomotive is a diesel, power and steam controlled rail transport vehicle to pull a train or pull a railroad car off the track. Trains are categorized as freight, traveler and recharge trains. As the pace of urbanization increases, the importance of trains among the population as a whole is growing.

The following Segmentation are covered in this report:

By Technology

• IGBT Module
• GTO Thyristor
• SiC Module

By Power Conversion Components:

• Rectifier
• Inverter
• Traction motor
• Alternator
• Auxiliary power conversion Unit

By Locomotive type

• Diesel Locomotive
• Diesel Multiple Unit (DMU)
• Electric Locomotive
• Electric Multiple Unit (EMU)

Scope of the Report

The research study analyses the global Locomotive industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Key Questions Answered by Locomotive Market Report

• What was the Locomotive Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Locomotive Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Locomotive Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.