The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
The global locomotive market size was USD 14.31 Billion in 2021 and is expected to register a revenue CAGR of 7.7% during the forecast period, according to latest analysis by Emergen Research. Rising adoption of autonomous locomotive engines is a key factor driving market revenue growth.Rapid improvement of microprocessors, Artificial Intelligence, and miniaturization of laser and optical spatial scanning systems has enabled widespread use of autonomous vehicles on roads and railways. Automakers have long desired to harness power of autonomous electric mobility.
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Locomotive Market are those that have been engineered to change some of their properties in response to external stimuli, such as mechanical stress or a specific temperature, moisture, and others. These are most widely used in the manufacture of electronic instruments such as actuators, electroactive polymers, and sensors. These materials have characteristics that alter in response to environmental changes. A wide variety of Locomotive Market , including carbon nanotubes, inorganic nanoparticles, conducting polymers, and graphene, are now available due to the advancement of nanotechnology.
Key players operating in the market are TDK Corporation, Kyocera Corporation, APC International, Ltd., CeramTech GmbH, Harris Corporation, Noliac A/S., Ametek Inc., CTS Corporation, LORD Corporation, and Metamaterial Inc.
Summary of the key points of the report:
- Report Overview: This section provides data and information pertaining to the key market manufacturers, their product offerings, historical and future timelines considered, and market scope. It further highlights the principal market segments, including product types, application gamut, end-user industries, and regional analysis.
- Executive Summary:This section of the report provides an extensive assessment of the competitive landscape, regional mapping, CAGR, and crucial parameters such as key market drivers, restraints, trends, challenges, growth prospects, and other micro- and macro-economic indicators.
- COVID-19 Impact Analysis: In this section of the report, our research team has closely investigated the impact of the COVID-19 pandemic on various aspects of the Locomotive Market industry, including production capacity, consumption rate, demand and supply ratio, import-export status, estimated revenue generation, and market shares of each region.
- Company Profiles: This component of the report depicts the company profiles of the leading players participating in the Locomotive Market industry. The market value & volume, production capacity, product portfolios, and other vital aspects of these players have been assessed in this report.
Emergen Research has segmented the global locomotive market based on technology, type, component, end-use, and region:
Technology Outlook (Revenue, USD Billion; 2019-2030)
Gate Turn-Off (GTO) Thyristor
Insulated-Gate Bipolar Transistor (IGBT) Module
Silicon Carbide (SiC) Module
Type Outlook (Revenue, USD Billion; 2019-2030)
Component Outlook (Revenue, USD Billion; 2019-2030)
Auxiliary Power Conversion Unit
End-Use Outlook (Revenue, USD Billion; 2019-2030)
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
Table of Contents:
Chapter 1 includes an introduction of the along with a comprehensive Locomotive Market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the Locomotive Market key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the Locomotive Market segmentation based on product type and application.
About Emergen Research
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