Technavio has been monitoring the global railway traction motor market size and it is poised to grow by USD 1.66 billion during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Alstom Holdings SA, Bharat Heavy Electricals Ltd., Bombardier Inc., Caterpillar Inc., General Electric Co., Hyundai Motor Co., Siemens AG, Toshiba International Corp., and Traktionssysteme Austria GmbH are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The increased demand for rail logistics has been instrumental in driving the growth of the market. However, the impact of the COVID-19 pandemic might hamper market growth.
Railway Traction Motor Market 2020-2024 : Segmentation
Railway Traction Motor Market is segmented as below:
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Railway Traction Motor Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our railway traction motor market report covers the following areas:
This study identifies the introduction of new railway projects as one of the prime reasons driving the railway traction motor market growth during the next few years.
Railway Traction Motor Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the railway traction motor market, including some of the vendors such as ABB Ltd., Alstom Holdings SA, Bharat Heavy Electricals Ltd., Bombardier Inc., Caterpillar Inc., General Electric Co., Hyundai Motor Co., Siemens AG, Toshiba International Corp., and Traktionssysteme Austria GmbH. Backed with competitive intelligence and benchmarking, our research reports on the railway traction motor market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Railway Traction Motor Market 2020-2024 : Key Highlights
Table Of Contents :
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer Landscape
Geographic Landscape
Market Drivers ? Demand led growth
Market Challenges
Market Trends
Vendor Landscape
Vendor Analysis
Appendix
About Us
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