Locomotive Market 2019 – Global Forecast to 2022. Global Locomotive Market Information Report by Technology (conventional locomotive, turbocharged and MAGLEVS), Application (Passenger and Freight) and by Region – Global Forecast to 2022.
Increasing rate of urbanization has been contributing towards the growing popularity of locomotive among the general public. Expansion of rail networks in majority of developed as well as developing nations as well as growing concern among the individuals regarding environmental sustainability has had a positive impact on the global locomotives market. 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.
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The regional segmentation of the global locomotive market segments the market into the regional markets known North America, Europe, Asia Pacific, and rest of the world (RoW). During the forecast period, the Asia Pacific region has been estimated to dominate the global market due to improving socio-economic conditions in developing countries such as China, India, Indonesia, and Thailand. The high density of population in countries like China and India has resulted in an increase in need as well as demand for public transport, which in turn results in an increase in the number of government rail projects. Another important country-specific market in this region is Japan, followed by the remaining Asia Pacific countries.
Europe is another important regional market that is growing due to the presence of some key market players, high level of industrialization, and technological advancement that is second only to North America. In this region, the vital country-specific markets are France, Germany, Italy, Spain, and the UK. The highest number of national fleets of electric locomotives are found in Russia which along with China and India forms the top 3 list in this regard. France, Germany, and Italy are the next three in the league.
North America is a crucial regional market due to technological advancement, vehicle industry, heavy industrialization, and many key market players being present in this region. The maximum revenue in this region comes from the country-specific markets known as the USA, Canada, and Mexico.
Some of the key players in the Automotive Position sensor market 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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