The global railway traction motors market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for electric locomotives and EMUs in emerging economies such as India and China. The increasing demand for diesel locomotives in North America is also expected to drive the growth of this market during the forecast period.
The AC traction motors segment accounted for more than 50% share of the global railway traction motors market in 2017, owing to its high efficiency and low maintenance cost compared with DC traction motors. However, DC traction motors are expected to grow at a higher CAGR during the forecast period due to their lower initial cost and higher power density than AC traction motors.
-The railway traction motors market is expected to grow at a CAGR of 3.5% from 2017 to 2025.
-The growth of the railway traction motors market is driven by the increasing demand for electric locomotives and electric trains, which are more efficient than diesel locomotives and trains.
-Railway traction motors are used in various applications such as passenger rail, freight rail, metro rail, light rail transit (LRT), and rapid transit systems. Passenger railways are expected to be the fastest growing segment in the railway traction motors market during the forecast period.
Industry Growth Insights published a new data on “Railway Traction Motors Market”. The research report is titled “Railway Traction Motors Market research by Types (AC Traction Motors, DC Traction Motors), By Applications (Diesel Locomotives, Electric Multiple Units (EMUs), Electric Locomotives, Diesel-Electric Locomotives), By Players/Companies ABB, Alstom, Siemens, Bombardier, Hynundai Rotem Company, Mitsubishi Electric Corporation, Skoda Transportation, Hitachi, Sulzer, VEM Sachsenwerk”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Traction Motors Market Research Report
By Type
AC Traction Motors, DC Traction Motors
By Application
Diesel Locomotives, Electric Multiple Units (EMUs), Electric Locomotives, Diesel-Electric Locomotives
By Companies
ABB, Alstom, Siemens, Bombardier, Hynundai Rotem Company, Mitsubishi Electric Corporation, Skoda Transportation, Hitachi, Sulzer, VEM Sachsenwerk
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Railway Traction Motors Market Report Segments:
The global Railway Traction Motors market is segmented on the basis of:
Types
AC Traction Motors, DC Traction Motors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Diesel Locomotives, Electric Multiple Units (EMUs), Electric Locomotives, Diesel-Electric Locomotives
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Alstom
- Siemens
- Bombardier
- Hynundai Rotem Company
- Mitsubishi Electric Corporation
- Skoda Transportation
- Hitachi
- Sulzer
- VEM Sachsenwerk
Highlights of The Railway Traction Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AC Traction Motors
- DC Traction Motors
- By Application:
- Diesel Locomotives
- Electric Multiple Units (EMUs)
- Electric Locomotives
- Diesel-Electric Locomotives
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Railway Traction Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Railway traction motors are used to power railway vehicles. They are typically powered by diesel or gasoline engines, and can be found in locomotives, railcars, and rolling stock.
Some of the key players operating in the railway traction motors market are ABB, Alstom, Siemens, Bombardier, Hynundai Rotem Company, Mitsubishi Electric Corporation, Skoda Transportation, Hitachi, Sulzer, VEM Sachsenwerk.
The railway traction motors market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Railway Traction Motors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Railway Traction Motors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Railway Traction Motors Market - Supply Chain
4.5. Global Railway Traction Motors Market Forecast
4.5.1. Railway Traction Motors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Railway Traction Motors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Railway Traction Motors Market Absolute $ Opportunity
5. Global Railway Traction Motors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Railway Traction Motors Market Size and Volume Forecast by Type
5.3.1. AC Traction Motors
5.3.2. DC Traction Motors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Railway Traction Motors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Railway Traction Motors Market Size and Volume Forecast by Application
6.3.1. Diesel Locomotives
6.3.2. Electric Multiple Units (EMUs)
6.3.3. Electric Locomotives
6.3.4. Diesel-Electric Locomotives
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Railway Traction Motors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Railway Traction Motors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Railway Traction Motors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Railway Traction Motors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Railway Traction Motors Demand Share Forecast, 2019-2026
9. North America Railway Traction Motors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Railway Traction Motors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Railway Traction Motors Market Size and Volume Forecast by Application
9.4.1. Diesel Locomotives
9.4.2. Electric Multiple Units (EMUs)
9.4.3. Electric Locomotives
9.4.4. Diesel-Electric Locomotives
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Railway Traction Motors Market Size and Volume Forecast by Type
9.7.1. AC Traction Motors
9.7.2. DC Traction Motors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Railway Traction Motors Demand Share Forecast, 2019-2026
10. Latin America Railway Traction Motors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Railway Traction Motors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Railway Traction Motors Market Size and Volume Forecast by Application
10.4.1. Diesel Locomotives
10.4.2. Electric Multiple Units (EMUs)
10.4.3. Electric Locomotives
10.4.4. Diesel-Electric Locomotives
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Railway Traction Motors Market Size and Volume Forecast by Type
10.7.1. AC Traction Motors
10.7.2. DC Traction Motors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Railway Traction Motors Demand Share Forecast, 2019-2026
11. Europe Railway Traction Motors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Railway Traction Motors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Railway Traction Motors Market Size and Volume Forecast by Application
11.4.1. Diesel Locomotives
11.4.2. Electric Multiple Units (EMUs)
11.4.3. Electric Locomotives
11.4.4. Diesel-Electric Locomotives
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Railway Traction Motors Market Size and Volume Forecast by Type
11.7.1. AC Traction Motors
11.7.2. DC Traction Motors
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Railway Traction Motors Demand Share, 2019-2026
12. Asia Pacific Railway Traction Motors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Railway Traction Motors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Railway Traction Motors Market Size and Volume Forecast by Application
12.4.1. Diesel Locomotives
12.4.2. Electric Multiple Units (EMUs)
12.4.3. Electric Locomotives
12.4.4. Diesel-Electric Locomotives
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Railway Traction Motors Market Size and Volume Forecast by Type
12.7.1. AC Traction Motors
12.7.2. DC Traction Motors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Railway Traction Motors Demand Share, 2019-2026
13. Middle East & Africa Railway Traction Motors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Railway Traction Motors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Railway Traction Motors Market Size and Volume Forecast by Application
13.4.1. Diesel Locomotives
13.4.2. Electric Multiple Units (EMUs)
13.4.3. Electric Locomotives
13.4.4. Diesel-Electric Locomotives
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Railway Traction Motors Market Size and Volume Forecast by Type
13.7.1. AC Traction Motors
13.7.2. DC Traction Motors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Railway Traction Motors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Railway Traction Motors Market: Market Share Analysis
14.2. Railway Traction Motors Distributors and Customers
14.3. Railway Traction Motors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Alstom
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bombardier
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hynundai Rotem Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Electric Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Skoda Transportation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hitachi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sulzer
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. VEM Sachsenwerk
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
