Progressive Markets has published a report, titled, Global Railway Traction Motor Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025. As per the report, the global railway traction motor market is expected to reach $41.63 billion by 2025, registering a CAGR of 3.8% from 2017 to 2025. Executive summary is offered in the research to help management executives, CEOs, and investors to gain a brief idea about the global railway traction motor market. Key findings and market attractiveness are discussed in the market to help them devise strategies for future based on those. Moreover, recent development trends are highlighted to outline progress of the global market. Competitive landscape is provided in the research to help them gain insights on current market conditions and devise strategies to gain competitive advantage.
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The market landscape of the global railway traction motor industry is offered based on drivers and restraints. Rise in incorporation of traction motors in railway engines and low maintenance costs of traction motors are driving forces of the market. The impact of these drivers is outlined in study to assist market players capitalize on opportunities presented by them. However, initial high cost of investment is a challenge market player need to overcome. These insights will facilitate companys planned growth strategies.
Porters Five Forces Analysis is provided in the research based on parameters including bargaining power of buyers, bargaining power of suppliers, threat of substitutes, threat of new entrants, and industrial rivalry. These insights are helpful for business strategy development and determining level of competition in the industry. Moreover, research methodology adopted by research analysts is highlighted in the study. Primary and secondary research methods are implemented to gather and validate data and statistics.
Detailed segmentation of the global railway traction motor market is provided in the research based on type, application, and geography. Type segment is classified based on DC traction motor, AC traction motor, and synchronous traction motor. The synchronous traction motor segment is expected to grow at the highest rate with a CAGR of 5.0% during the forecast period, garnering $8.61 billion by 2025. Application segment is bifurcated into diesel locomotive, electric multiple units, electric locomotive, and diesel-electric locomotive. The electric locomotive segment is expected to garner $3.7 billion by 2025 , growing at the highest rate with CAGR of 5.9% during the forecast period. Geographical breakdown of each segments is discussed for North America, Asia-Pacific, Europe, and LAMEA. The LAMEA region is expected to register the highest CAGR of 5.4% during the forecast period, reaching $3.28 billion by 2025. Market share analysis of each segment in aforementioned regions is provided for the historic period and the forecast period with the help of tables and figures.
Countries from each aforementioned region are also analyzed in the study. In North American region, U.S., Mexico, and Canada are countries discussed, however, U.K., Germany, France, Spain, Italy, and Rest of Europe are regions analyzed in the European region. Spain will growth at the highest CAGR of 5.8% during the forecast period. China, India, Japan, South Korea, Australia, and rest of Asia-Pacific are regions discussed in the Asia-Pacific region. Among Asian countries, South Korea would growth at the highest CAGR of 3.5% during the forecast period. On the other hand, Brazil, Saudi Arabia, South Africa, and rest of LAMEA are countries explored for LAMEA.
The report provides an extensive analysis of market players operating in the global railway traction motor industry. A business overview and recent developments are highlighted. Moreover, financial and business segments of each company are outlined in the study. The top market players operating in the Global Railway Traction Motor market include ABB, Aisin Seiki Co. Ltd., Sulzer Ltd, ALSTOM, Bombardier, BHEL, Hyundai Rotem Company, Mitsubishi Electric Corporation, Saini Group, and VEM Gruppe. This information is valuable for investors to determine investment pockets and market players to devise strategies to gain competitive edge.