Locomotive Market to reach $13.3 Bn by 2032, Says Global Market Insights Inc.
Major locomotive market participants include General Electric Transportation, Siemens Mobility, CRRC Corporation Limited, Alstom, Bombardier Transportation, Wabtec Corporation, Progress Rail, Electro-Motive Diesel, Kawasaki Heavy Industries, Hyundai Rotem, Toshiba Railway Systems Division, Stadler Rail, Transmashholding, CAF, Škoda Transportation.
Selbyville, Delaware, Sept. 27, 2023 (GLOBE NEWSWIRE) — The locomotive market valuation is projected to be worth USD 13.3 billion by 2032, as reported in
For instance, in July 2023, Vale partnered with Wabtec Corporation to advance the decarbonization efforts within the company’s railway operations. As part of this collaboration, Vale has placed an order for three FLXdrive battery locomotives from Wabtec. Additionally, both companies will work together to explore the viability of using ammonia as a clean and sustainable alternative fuel to replace diesel. These three FLXdrive locomotives, 100% powered by battery, will be deployed on the Carajás Railroad (EFC), which handles the world’s largest iron ore train, comprising 330 railcars with a capacity of transporting 45,000 tons.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Locomotive market 360º synopsis, 2019 – 2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Type trends
2.5 Application trends
2.6 Technology trends
2.7 Component trends
Chapter 3 Locomotive market Insights
3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.8.1 Partnership/Collaboration
3.8.2 Merger/Acquisition
3.8.3 Investment
3.8.4 Launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Rise in adoption of greener travel
3.10.1.2 Growing demand for efficient rail transportation
3.10.1.3 Increasing advancements in locomotive and digital innovations in Asia Pacific
3.10.1.4 Decrease in traffic congestion
3.10.1.5 Surge in government funding spurs rail network expansion and modernization
3.10.2 Industry pitfalls & challenges
3.10.2.1 High initial investment
3.10.2.2 Safety and security concerns
3.11 Growth potential analysis
3.12 Porter’s analysis
3.13 PESTEL analysis
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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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