Reports

- Global Locations -

Headquarters

Future Market Insights, Inc.

Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States

T: +1-845-579-5705

Americas

Future Market Insights, Inc.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States

T: +1-347-918-3531

MEA

Future Market Insights

1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates

Europe

Future Market Insights

3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom

T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268

Asia Pacific

Future Market Insights

IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India

Railway Traction Motor Market Outlook (2023 to 2033)

The global railway traction motor market size is expected to reach a market valuation of US$ 54,554 million by 2033. The market is expected to grow at a steady CAGR of 4.5%. The following are the major factors stimulating the industry growth:

  • Surging Research and Development and allocation of budget to develop the railway sector
  • Increasing deployment of traction motors in railway engines due to their performance optimizing property reduced maintenance and manufacturing costs and lower emission.
  • The emerging popularity of metro locomotives, particularly in urban areas
  • The preferred choice for mass transportation of products and goods over long distances due to its fuel and cost economy
Attribute Details
Railway Traction Motor Market Value (2023) US$ 35,128.8 million
Railway Traction Motor Market Forecast Value (2033) US$ 54,554 million
Railway Traction Motor Market CAGR (2023 to 2033) 4.5%

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

Overall Cost-efficiency in terms of Production and Maintenance of Railway Traction Motor

The extensive application of electric motors in multiple application industries has resulted in the easy availability of advanced semiconductors, strong magnets, and other components. Multitudinous applications of traction motors in multiple electric units, locomotives, and heavy machinery have reduced the production and maintenance costs linked with railway traction motors.

Additionally, the magnetism and electrical principles that rule the functions of these traction motors have simplified their development and assembling. This, in turn, decreases the costs associated with maintenance and manufacturing. Therefore, the cost benefits related to the production and aftermarket facilities of railway motors are projected to propel market expansion.

Government Initiatives and Research and Development (R&D) to Generate Lucrative Growth Opportunities

The market is being augmented by the mounting investments in R&D to enhance railway systems across the globe. These investments are aimed at the significant transformation in the market to realize the potential of railway traction motors by introducing enhanced product features. Government initiatives to encourage the use of electric motors is projected to propel market expansion.

For instance, in June 2022, Shri Ashwini Vaishnaw launched Start-ups for Railways, a new Indian Railway Innovation Policy. This policy will upscale and provide efficiency in the field of maintenance, operation, and infrastructure through the participation of a huge untapped start-up ecosystem. This new Innovation Policy will deal with the production of an online Condition Monitoring System for the traction motors of 3rd-phase Electronic Locomotives.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Emerging Demand for Battery-electric Locomotives

The market is further being driven by the oncoming battery-electric locomotives. These locomotives do not require fossil fuel to produce power, thus discarding direct emissions, noise, exhaust gases, and fuel storage. Technological advancements in battery technologies have boosted investments in the production of battery-electric locomotives for practical applications.

Additionally, some manufacturers are providing railcars that club rechargeable batteries with supercapacitors for more effective operations. In 2021, FLXdrive battery-electric locomotive, the first-ever battery-electric freight train, underwent trials in California. The train has been engineered with 500 lithium-ion battery modules, which is predicted to cut down fuel consumption by 11%.

Historical Outlook (2017 to 2022) vs Future Projections (2023 to 2033) for Global Railway Traction Motor Market

As per FMI, over the past half-decade, the global market value for railway traction motors witnessed a CAGR of 3.2%. In 2023, the market attained US$ 35,128.8 million. The market has been driven by the surging demand for superior-performance motors. Additionally, the beneficial government subsidies and policies and increasing investments in the railway industry are supporting the market growth immensely.

Looking forward, the railway traction motor market is projected to grow further at a CAGR of 4.5% over the forecast period. The railway traction motors are beneficial in the case of heavy trains that need periodic and rapid accelerations. Additionally, the energy conservation offered by railway traction motors is projected to facilitate market growth over the forecast period.

Attribute Valuation
2025 US$ 38,361.53 million
2028 US$ 43,776.88 million
2032 US$ 52,204.74 million

Short Term (2023 to 2026): The extension of the railway network across the globe is being propelled by the increasing need to transport goods and products across larger distances. This is predicted to accelerate the demand for railway traction motors.

Medium Term (2026 to 2029): Upsurge in investments to bring transformation in the railway traction motor market. New releases by manufacturers with enhanced product features are projected to contribute towards market growth.

Long Term (2029 to 2033): Over the forecast period, there is an upsurge in the electrification of railway networks and the transformation of traditional diesel locomotives into electric locomotives. Along with this, the increasing installation of extended-capacity lithium-ion batteries to utilize them in traction power is providing lucrative opportunities to investors and market players.

Overall, the railway traction motor market is forecast to experience robust demand during the forecast period. The railway traction motor market share is estimated to reach US$ 54,554 million by 2033 end.

Historical CAGR (2017 to 2022) Forecast CAGR (2023 to 2033)
3.2% 4.5%

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Comparative Analysis of Adjacent Markets

Railway Traction Motor Market:

Aspects Railway Traction Motor Market
CAGR (Forecast Period) 4.5%
Market Valuation in 2023 US$ 35,128.8 million
Projected Market Value in 2033 US$ 54,554 million
Growth Factors Rising awareness regarding the many benefits of traction motors, such as power efficiency, compact design, and durability
Trends Growing focus on cost-efficient production and maintenance of railway traction motor
Opportunities Surging R&D and allocation of budget to develop the railway sector

Railway Traction Inverter Market:

Aspects Railway Traction Inverter Market
CAGR (Forecast Period) 5.8%
Market Valuation in 2023 US$ 4,066.32 million
Projected Market Value in 2033 US$ 7,145.92 million
Growth Factors Increasing development of rail transit infrastructure
Trends The growing popularity of high-speed trains and metros
Opportunities Execution of modern technologies and stern government regulations

Traction Motors Market:

Aspects Traction Motors Market
CAGR (Forecast Period) 13%
Market Valuation in 2023 US$ 13.22 billion
Projected Market Value in 2033 US$ 44.88 billion
Growth Factors Surging demand for excellent performance motors from various industries like electric & electronics, and automotive
Trends Increasing demand for alternative motors to assuage pollution levels by providing better performance and reduced emissions
Opportunities Rising investments made by governments of numerous countries in railway infrastructure

Railway Traction Motor Market - Country-wise Analysis

Escalating R&D Activities to Improve The USA Railway Traction Motor Market

The USA railway traction motor market is predicted to have a firm hold over the majority of the global market in the forecast period as well. The market is projected to account for an estimated 18.4% share of the overall market. Growing research studies and the development of improved versions of railway traction motors are expected to propel market expansion.

For instance, Vehicle Technologies Office (VTO) is encouraging R&D to boost the adoption of electric motors. Electric motors have reduced cost, weight, and volume and offer enhanced efficiency, performance, and reliability.

Large Presence of Key Players in EU to Propel Market Expansion

In Europe, Germany is projected to be a significant market, accounting for a market percentage of 5.3% over the forthcoming years. On the other hand, the United Kingdom is projected to grow at a CAGR of 3.5% in the next decade. Key manufacturers operating in the region develop motors for multiple rail vehicles, like trams, high-speed trains, and powerful locomotives.

The availability of high product quality certified to Q1 (highest quality rating from Deutsche Bahn) and ISO/TS 22163 (IRIS International Railway Industry Standard) is rising. This is projected to propel regional market growth.

Rapid Growth in India to Propel Market Growth

In the Asia Pacific region, India is anticipated to emerge as the fastest-growing economy, exhibiting a CAGR of 4.4% over the forecast period. On December 2022, the Indian PM flagged off Vande Bharat Express, which is a connecting train for Nagpur and Bilaspur. This train is anticipated to provide comfortable travel with clean air-cooling sans dust to the traction motor of the train. Additionally, this train will also be environment-friendly as the ACs are projected to be 15% more energy efficient.

Ongoing Expansion of HSRs in South Korea to Promote Market Development

South Korea is an emerging market for railway traction motors. The demand for high-speed railways (HSR) is expanding across the globe, which is promoting increased connectivity via improved transportation and mass transit. Electric traction is coming up as the most efficient option for high-speed railways when compared with conventional traction techniques. The continued expansion of HSRs is projected to propel the market growth of railway traction motors in the country.

Railway Traction Motor Market - Category-wise Insights

AC Traction Motor Holding Large Share of the Global Market

AC traction motor is projected to hold the major share of the market, accounting for about 44.3% over the forecast period. AC traction is a major improvement over the previous DC systems. The main benefits of AC traction include adhesion levels of about 100% higher than DC. Additionally, these are much more reliable and require fewer maintenance requirements.

Electric Locomotives to Witness Upsurge in the Use of Railway Traction Motors

Electric locomotives are witnessing a rise in the use of railway traction motors. These are used especially for routes with dense traffic, like suburban and urban railways. Besides, they are also employed in high-speed, long-distance lines that require electric traction to get up to speeds needed for inter-city travel. Additionally, the increasing need to curb carbon emissions is projected to catalyze the adoption of railway traction motors.

Competitive Strategies Employed by Market Players to Get Ahead of their Counterparts

Key players active in railway traction motors are expanding their geographic foothold by expanding their overall reach in different regions. Additionally, favorable government policies in numerous countries supporting the expansion of railway networks are projected to generate lucrative growth prospects for manufacturers. Major providers of railway traction motors are releasing new, more complex models of railway traction motors, thus capturing more customers and market hold.

Key innovations recently observed in the market include:

  • In July 2022, Mahle developed an electric traction motor suitable for commercial vehicles, and construction tractors and machines. This traction motor runs indefinitely and offers high performance. This technological leap has been made possible with the help of a new cooling concept.
  • In 2022, ABB India revealed that the company is building a dedicated unit to manufacture 1,500 traction motors. These will provide critical propulsion systems needed in metro rail projects and other locomotives in Gujarat, India.

List encompassing key players operating in railway traction motor market

  • ABB Group
  • ALSTOM
  • BHEL
  • Bombardier
  • Hyundai Rotem Company
  • Mitsubishi Electric Corporation
  • Saini Group
  • Siemens
  • Sulzer Ltd.
  • VEM Group

Railway Traction Motor Market Report Scope

Attribute Details
Market Size Value in 2023 US$ 35,128.8 million
Market Forecast Value in 2033 US$ 54,554 million
Forecast CAGR 4.5%
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis US$ billion/million for Value
Key Regions Covered North America, Latin America, Europe, Asia Pacific, Oceania, Middle East and Africa (MEA), and Japan
Key Countries Covered The United States, Canada, Brazil, Mexico, Argentina, Chile, Rest of LATAM, EU-4, The United Kingdom, Nordic, BENELUX, Russia, Rest of Europe, Australia, New Zealand, India, China, South Korea, ASEAN Countries, Rest of Asia Pacific, South Africa, GCC Countries, Turkey, Sub Saharan and Rest of MEA
Key Market Segments Covered Type, Application, and Region
Key Companies Profiled
  • ABB Group
  • ALSTOM
  • Bharat Heavy Electricals Limited
  • Bombardier
  • Hyundai Rotem Company
  • Mitsubishi Electric Corporation
  • Saini Group
  • Siemens
  • Sulzer Ltd.
  • VEM Holding Group
Pricing Available upon Request

Market Segments Covered in Railway Traction Motor Market Analysis

By Type:

  • DC Traction Motor
  • AC Traction Motor
  • Synchronous AC Traction Motor

By Application:

  • Diesel Locomotive
  • Electric Multiple Units
  • Electric Locomotives
  • Diesel-electric Locomotives

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

What is the Market Value in 2023?

The market is valued at US$ 35,128.8 million in 2023.

How was the Market’s Historical Performance?

The market rose at a 3.2% CAGR from 2017 to 2022.

What is the CAGR for the Market until 2033?

The market is estimated to develop a 4.5% CAGR through 2033.

What will be the Market Size in 2033?

The market is expected to reach US$ 54,554 million in 2033.

What is AC Traction Motor's Expected Market Share in 2033?

AC traction motor is expected to accumulate a market share of 44.3% in 2033.

Table of Content

1. Executive Summary | Railway Traction Motor Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033

        5.3.1. DC Traction Motor

        5.3.2. AC Traction Motor

        5.3.3. Synchronous AC Traction Motor

    5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Application, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033

        6.3.1. Diesel Locomotive

        6.3.2. Electric Multiple Units

        6.3.3. Electric Locomotives

        6.3.4. Diesel-Electric Locomotives

    6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Region, 2018 to 2022

    7.3. Current Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. Asia Pacific

        7.3.5. Middle East and Africa (MEA)

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    8.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    8.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        8.2.1. By Country

            8.2.1.1. The USA

            8.2.1.2. Canada

        8.2.2. By Type

        8.2.3. By Application

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Type

        8.3.3. By Application

    8.4. Key Takeaways

9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Type

        9.2.3. By Application

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Type

        9.3.3. By Application

    9.4. Key Takeaways

10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. The United Kingdom

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Europe

        10.2.2. By Type

        10.2.3. By Application

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Type

        10.3.3. By Application

    10.4. Key Takeaways

11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. China

            11.2.1.2. Japan

            11.2.1.3. South Korea

            11.2.1.4. Singapore

            11.2.1.5. Thailand

            11.2.1.6. Indonesia

            11.2.1.7. Australia

            11.2.1.8. New Zealand

            11.2.1.9. Rest of Asia Pacific

        11.2.2. By Type

        11.2.3. By Application

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Type

        11.3.3. By Application

    11.4. Key Takeaways

12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. GCC Countries

            12.2.1.2. South Africa

            12.2.1.3. Israel

            12.2.1.4. Rest of MEA

        12.2.2. By Type

        12.2.3. By Application

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Type

        12.3.3. By Application

    12.4. Key Takeaways

13. Key Countries Market Analysis

    13.1. The USA

        13.1.1. Pricing Analysis

        13.1.2. Market Share Analysis, 2022

            13.1.2.1. By Type

            13.1.2.2. By Application

    13.2. Canada

        13.2.1. Pricing Analysis

        13.2.2. Market Share Analysis, 2022

            13.2.2.1. By Type

            13.2.2.2. By Application

    13.3. Brazil

        13.3.1. Pricing Analysis

        13.3.2. Market Share Analysis, 2022

            13.3.2.1. By Type

            13.3.2.2. By Application

    13.4. Mexico

        13.4.1. Pricing Analysis

        13.4.2. Market Share Analysis, 2022

            13.4.2.1. By Type

            13.4.2.2. By Application

    13.5. Germany

        13.5.1. Pricing Analysis

        13.5.2. Market Share Analysis, 2022

            13.5.2.1. By Type

            13.5.2.2. By Application

    13.6. The United Kingdom

        13.6.1. Pricing Analysis

        13.6.2. Market Share Analysis, 2022

            13.6.2.1. By Type

            13.6.2.2. By Application

    13.7. France

        13.7.1. Pricing Analysis

        13.7.2. Market Share Analysis, 2022

            13.7.2.1. By Type

            13.7.2.2. By Application

    13.8. Spain

        13.8.1. Pricing Analysis

        13.8.2. Market Share Analysis, 2022

            13.8.2.1. By Type

            13.8.2.2. By Application

    13.9. Italy

        13.9.1. Pricing Analysis

        13.9.2. Market Share Analysis, 2022

            13.9.2.1. By Type

            13.9.2.2. By Application

    13.10. China

        13.10.1. Pricing Analysis

        13.10.2. Market Share Analysis, 2022

            13.10.2.1. By Type

            13.10.2.2. By Application

    13.11. Japan

        13.11.1. Pricing Analysis

        13.11.2. Market Share Analysis, 2022

            13.11.2.1. By Type

            13.11.2.2. By Application

    13.12. South Korea

        13.12.1. Pricing Analysis

        13.12.2. Market Share Analysis, 2022

            13.12.2.1. By Type

            13.12.2.2. By Application

    13.13. Singapore

        13.13.1. Pricing Analysis

        13.13.2. Market Share Analysis, 2022

            13.13.2.1. By Type

            13.13.2.2. By Application

    13.14. Thailand

        13.14.1. Pricing Analysis

        13.14.2. Market Share Analysis, 2022

            13.14.2.1. By Type

            13.14.2.2. By Application

    13.15. Indonesia

        13.15.1. Pricing Analysis

        13.15.2. Market Share Analysis, 2022

            13.15.2.1. By Type

            13.15.2.2. By Application

    13.16. Australia

        13.16.1. Pricing Analysis

        13.16.2. Market Share Analysis, 2022

            13.16.2.1. By Type

            13.16.2.2. By Application

    13.17. New Zealand

        13.17.1. Pricing Analysis

        13.17.2. Market Share Analysis, 2022

            13.17.2.1. By Type

            13.17.2.2. By Application

    13.18. GCC Countries

        13.18.1. Pricing Analysis

        13.18.2. Market Share Analysis, 2022

            13.18.2.1. By Type

            13.18.2.2. By Application

    13.19. South Africa

        13.19.1. Pricing Analysis

        13.19.2. Market Share Analysis, 2022

            13.19.2.1. By Type

            13.19.2.2. By Application

    13.20. Israel

        13.20.1. Pricing Analysis

        13.20.2. Market Share Analysis, 2022

            13.20.2.1. By Type

            13.20.2.2. By Application

14. Market Structure Analysis

    14.1. Competition Dashboard

    14.2. Competition Benchmarking

    14.3. Market Share Analysis of Top Players

        14.3.1. By Regional

        14.3.2. By Type

        14.3.3. By Application

15. Competition Analysis

    15.1. Competition Deep Dive

        15.1.1. ABB Group

            15.1.1.1. Overview

            15.1.1.2. Product Portfolio

            15.1.1.3. Profitability by Market Segments

            15.1.1.4. Sales Footprint

            15.1.1.5. Strategy Overview

                15.1.1.5.1. Marketing Strategy

                15.1.1.5.2. Product Strategy

                15.1.1.5.3. Channel Strategy

        15.1.2. Alstom

            15.1.2.1. Overview

            15.1.2.2. Product Portfolio

            15.1.2.3. Profitability by Market Segments

            15.1.2.4. Sales Footprint

            15.1.2.5. Strategy Overview

                15.1.2.5.1. Marketing Strategy

                15.1.2.5.2. Product Strategy

                15.1.2.5.3. Channel Strategy

        15.1.3. BHEL

            15.1.3.1. Overview

            15.1.3.2. Product Portfolio

            15.1.3.3. Profitability by Market Segments

            15.1.3.4. Sales Footprint

            15.1.3.5. Strategy Overview

                15.1.3.5.1. Marketing Strategy

                15.1.3.5.2. Product Strategy

                15.1.3.5.3. Channel Strategy

        15.1.4. Bombardier

            15.1.4.1. Overview

            15.1.4.2. Product Portfolio

            15.1.4.3. Profitability by Market Segments

            15.1.4.4. Sales Footprint

            15.1.4.5. Strategy Overview

                15.1.4.5.1. Marketing Strategy

                15.1.4.5.2. Product Strategy

                15.1.4.5.3. Channel Strategy

        15.1.5. Hyundai Rotem Company

            15.1.5.1. Overview

            15.1.5.2. Product Portfolio

            15.1.5.3. Profitability by Market Segments

            15.1.5.4. Sales Footprint

            15.1.5.5. Strategy Overview

                15.1.5.5.1. Marketing Strategy

                15.1.5.5.2. Product Strategy

                15.1.5.5.3. Channel Strategy

        15.1.6. Mitsubishi Electric Corporation

            15.1.6.1. Overview

            15.1.6.2. Product Portfolio

            15.1.6.3. Profitability by Market Segments

            15.1.6.4. Sales Footprint

            15.1.6.5. Strategy Overview

                15.1.6.5.1. Marketing Strategy

                15.1.6.5.2. Product Strategy

                15.1.6.5.3. Channel Strategy

        15.1.7. Saini Group

            15.1.7.1. Overview

            15.1.7.2. Product Portfolio

            15.1.7.3. Profitability by Market Segments

            15.1.7.4. Sales Footprint

            15.1.7.5. Strategy Overview

                15.1.7.5.1. Marketing Strategy

                15.1.7.5.2. Product Strategy

                15.1.7.5.3. Channel Strategy

        15.1.8. Siemens

            15.1.8.1. Overview

            15.1.8.2. Product Portfolio

            15.1.8.3. Profitability by Market Segments

            15.1.8.4. Sales Footprint

            15.1.8.5. Strategy Overview

                15.1.8.5.1. Marketing Strategy

                15.1.8.5.2. Product Strategy

                15.1.8.5.3. Channel Strategy

        15.1.9. Sulzer Ltd.

            15.1.9.1. Overview

            15.1.9.2. Product Portfolio

            15.1.9.3. Profitability by Market Segments

            15.1.9.4. Sales Footprint

            15.1.9.5. Strategy Overview

                15.1.9.5.1. Marketing Strategy

                15.1.9.5.2. Product Strategy

                15.1.9.5.3. Channel Strategy

        15.1.10. VEM Group

            15.1.10.1. Overview

            15.1.10.2. Product Portfolio

            15.1.10.3. Profitability by Market Segments

            15.1.10.4. Sales Footprint

            15.1.10.5. Strategy Overview

                15.1.10.5.1. Marketing Strategy

                15.1.10.5.2. Product Strategy

                15.1.10.5.3. Channel Strategy

16. Assumptions & Acronyms Used

17. Research Methodology

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

List of Tables

Table 1: Global Market Value (US$ million) Forecast by Region, 2018 to 2033

Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033

Table 3: Global Market Value (US$ million) Forecast by Type, 2018 to 2033

Table 4: Global Market Volume (Units) Forecast by Type, 2018 to 2033

Table 5: Global Market Value (US$ million) Forecast by Application, 2018 to 2033

Table 6: Global Market Volume (Units) Forecast by Application, 2018 to 2033

Table 7: North America Market Value (US$ million) Forecast by Country, 2018 to 2033

Table 8: North America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 9: North America Market Value (US$ million) Forecast by Type, 2018 to 2033

Table 10: North America Market Volume (Units) Forecast by Type, 2018 to 2033

Table 11: North America Market Value (US$ million) Forecast by Application, 2018 to 2033

Table 12: North America Market Volume (Units) Forecast by Application, 2018 to 2033

Table 13: Latin America Market Value (US$ million) Forecast by Country, 2018 to 2033

Table 14: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 15: Latin America Market Value (US$ million) Forecast by Type, 2018 to 2033

Table 16: Latin America Market Volume (Units) Forecast by Type, 2018 to 2033

Table 17: Latin America Market Value (US$ million) Forecast by Application, 2018 to 2033

Table 18: Latin America Market Volume (Units) Forecast by Application, 2018 to 2033

Table 19: Europe Market Value (US$ million) Forecast by Country, 2018 to 2033

Table 20: Europe Market Volume (Units) Forecast by Country, 2018 to 2033

Table 21: Europe Market Value (US$ million) Forecast by Type, 2018 to 2033

Table 22: Europe Market Volume (Units) Forecast by Type, 2018 to 2033

Table 23: Europe Market Value (US$ million) Forecast by Application, 2018 to 2033

Table 24: Europe Market Volume (Units) Forecast by Application, 2018 to 2033

Table 25: Asia Pacific Market Value (US$ million) Forecast by Country, 2018 to 2033

Table 26: Asia Pacific Market Volume (Units) Forecast by Country, 2018 to 2033

Table 27: Asia Pacific Market Value (US$ million) Forecast by Type, 2018 to 2033

Table 28: Asia Pacific Market Volume (Units) Forecast by Type, 2018 to 2033

Table 29: Asia Pacific Market Value (US$ million) Forecast by Application, 2018 to 2033

Table 30: Asia Pacific Market Volume (Units) Forecast by Application, 2018 to 2033

Table 31: MEA Market Value (US$ million) Forecast by Country, 2018 to 2033

Table 32: MEA Market Volume (Units) Forecast by Country, 2018 to 2033

Table 33: MEA Market Value (US$ million) Forecast by Type, 2018 to 2033

Table 34: MEA Market Volume (Units) Forecast by Type, 2018 to 2033

Table 35: MEA Market Value (US$ million) Forecast by Application, 2018 to 2033

Table 36: MEA Market Volume (Units) Forecast by Application, 2018 to 2033
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

List of Charts

Figure 1: Global Market Value (US$ million) by Type, 2023 to 2033

Figure 2: Global Market Value (US$ million) by Application, 2023 to 2033

Figure 3: Global Market Value (US$ million) by Region, 2023 to 2033

Figure 4: Global Market Value (US$ million) Analysis by Region, 2018 to 2033

Figure 5: Global Market Volume (Units) Analysis by Region, 2018 to 2033

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 8: Global Market Value (US$ million) Analysis by Type, 2018 to 2033

Figure 9: Global Market Volume (Units) Analysis by Type, 2018 to 2033

Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 12: Global Market Value (US$ million) Analysis by Application, 2018 to 2033

Figure 13: Global Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 16: Global Market Attractiveness by Type, 2023 to 2033

Figure 17: Global Market Attractiveness by Application, 2023 to 2033

Figure 18: Global Market Attractiveness by Region, 2023 to 2033

Figure 19: North America Market Value (US$ million) by Type, 2023 to 2033

Figure 20: North America Market Value (US$ million) by Application, 2023 to 2033

Figure 21: North America Market Value (US$ million) by Country, 2023 to 2033

Figure 22: North America Market Value (US$ million) Analysis by Country, 2018 to 2033

Figure 23: North America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 26: North America Market Value (US$ million) Analysis by Type, 2018 to 2033

Figure 27: North America Market Volume (Units) Analysis by Type, 2018 to 2033

Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 30: North America Market Value (US$ million) Analysis by Application, 2018 to 2033

Figure 31: North America Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 34: North America Market Attractiveness by Type, 2023 to 2033

Figure 35: North America Market Attractiveness by Application, 2023 to 2033

Figure 36: North America Market Attractiveness by Country, 2023 to 2033

Figure 37: Latin America Market Value (US$ million) by Type, 2023 to 2033

Figure 38: Latin America Market Value (US$ million) by Application, 2023 to 2033

Figure 39: Latin America Market Value (US$ million) by Country, 2023 to 2033

Figure 40: Latin America Market Value (US$ million) Analysis by Country, 2018 to 2033

Figure 41: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 44: Latin America Market Value (US$ million) Analysis by Type, 2018 to 2033

Figure 45: Latin America Market Volume (Units) Analysis by Type, 2018 to 2033

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 48: Latin America Market Value (US$ million) Analysis by Application, 2018 to 2033

Figure 49: Latin America Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 52: Latin America Market Attractiveness by Type, 2023 to 2033

Figure 53: Latin America Market Attractiveness by Application, 2023 to 2033

Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 55: Europe Market Value (US$ million) by Type, 2023 to 2033

Figure 56: Europe Market Value (US$ million) by Application, 2023 to 2033

Figure 57: Europe Market Value (US$ million) by Country, 2023 to 2033

Figure 58: Europe Market Value (US$ million) Analysis by Country, 2018 to 2033

Figure 59: Europe Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 62: Europe Market Value (US$ million) Analysis by Type, 2018 to 2033

Figure 63: Europe Market Volume (Units) Analysis by Type, 2018 to 2033

Figure 64: Europe Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 66: Europe Market Value (US$ million) Analysis by Application, 2018 to 2033

Figure 67: Europe Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 68: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 69: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 70: Europe Market Attractiveness by Type, 2023 to 2033

Figure 71: Europe Market Attractiveness by Application, 2023 to 2033

Figure 72: Europe Market Attractiveness by Country, 2023 to 2033

Figure 73: Asia Pacific Market Value (US$ million) by Type, 2023 to 2033

Figure 74: Asia Pacific Market Value (US$ million) by Application, 2023 to 2033

Figure 75: Asia Pacific Market Value (US$ million) by Country, 2023 to 2033

Figure 76: Asia Pacific Market Value (US$ million) Analysis by Country, 2018 to 2033

Figure 77: Asia Pacific Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 80: Asia Pacific Market Value (US$ million) Analysis by Type, 2018 to 2033

Figure 81: Asia Pacific Market Volume (Units) Analysis by Type, 2018 to 2033

Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 84: Asia Pacific Market Value (US$ million) Analysis by Application, 2018 to 2033

Figure 85: Asia Pacific Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 88: Asia Pacific Market Attractiveness by Type, 2023 to 2033

Figure 89: Asia Pacific Market Attractiveness by Application, 2023 to 2033

Figure 90: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 91: MEA Market Value (US$ million) by Type, 2023 to 2033

Figure 92: MEA Market Value (US$ million) by Application, 2023 to 2033

Figure 93: MEA Market Value (US$ million) by Country, 2023 to 2033

Figure 94: MEA Market Value (US$ million) Analysis by Country, 2018 to 2033

Figure 95: MEA Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 96: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 97: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 98: MEA Market Value (US$ million) Analysis by Type, 2018 to 2033

Figure 99: MEA Market Volume (Units) Analysis by Type, 2018 to 2033

Figure 100: MEA Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 101: MEA Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 102: MEA Market Value (US$ million) Analysis by Application, 2018 to 2033

Figure 103: MEA Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 104: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 105: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 106: MEA Market Attractiveness by Type, 2023 to 2033

Figure 107: MEA Market Attractiveness by Application, 2023 to 2033

Figure 108: MEA Market Attractiveness by Country, 2023 to 2033

Recommendations

Industrial Automation

Railway Track Fittings Market

Published : February 2023

Automotive

Railway Traction Inverter Market

Published : October 2022

Explore Automotive Insights

View Reports

Railway Traction Motor Market