Global Locomotive Market research report provides data and information about the scenario of Automotive industry which makes it easy to be ahead of the competition in today’s speedily changing business environment. This market report has been structured by applying the best and standard analytical methods which are SWOT analysis and Porter’s Five Forces analysis that analyse and evaluate all the primary and secondary research data and information in this report. What is more, Global Locomotive Market research report intensely analyses the potential of the market with respect to existing scenario and the future prospects by considering all industry aspects of Automotive industry.
Global Locomotive Market is expected to register a steady CAGR of 2.79% in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in the levels of expenditure on the advancements modernization of railway systems globally, also high levels of government expenditure to improve and develop rail transport systems for public conveyance.
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To provide the finest results, Global Locomotive Market research report has been produced by using integrated approaches and latest technology. All the market insights of this report lead to rise in the company’s growth, by subsidizing the risk and improving performance. Global Locomotive Market report puts forth an absolute overview of the market that contains various aspects of market analysis, product definition, market segmentation, key developments, and the existing vendor landscape. Businesses are greatly relying on the different segments included in the market research report which offers them with the better insights to drive the business into right direction.
Key Developments in the Market:
- In February 2019, Wabtec Corporation announced that they had completed the merger with GE Transportation. This merger establishes Wabtec as a global leader in transportation & logistics products and services providing the highest levels of modernized & advanced levels of equipments and components.
- In December 2018, A. Stucki Company announced that they had acquired Savage Fueling Corp. The acquisition will help in expansion of locomotive services of A. Stucki Company where Savage Fueling Corp. will continue to operate with the same management & employees although the name will be changed to Velocity Rail Solutions.
Global Locomotive Market Definition:
Locomotives can be defined as an engine of railway vehicles which is the power source for their movements, although they are also capable of carrying the payload which is more preferable rather than having an individual locomotive attached to different rail vehicles that cannot move by themselves. These systems are generally preferred in passenger rail transport systems rather than freight.
Global Locomotive Market Key Competitors:
Few of the major competitors currently working in the locomotive market are:-
- AEG Power Solutions B.V.;
- TOSHIBA CORPORATION;
- Hitachi, Ltd.;
- Bharat Heavy Electricals Limited;
Wabtec Corporation; Metso Corporation; Brookville Equipment Corporation; Materfer; KONČAR – Electronics and Informatics Inc.; A. Stucki Company; UGL Rail; Tata Motors; Kawasaki Rail Car, Inc.; HYUNDAI ROTEM COMPANY; Taiwan Rolling Stock Co, Ltd. and Stadler Rail AG.
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Global Locomotive Market Competitive Analysis:
Global locomotive market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of locomotive market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Table of Contents
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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