The global diesel-electric locomotive market size is expected to reach USD 30.14 Billion in 2030 and register a steady revenue CAGR of 7.7 % over the forecast period, according to the latest report by Reports and Data. Increasing support for alternative fuel-powered railway operations given by governments as well as shifting preference towards railway-based public transport as a means of reducing traffic congestion is a major factor driving market revenue growth. Need for personal mobility has increased as income levels have risen, resulting in an increase in road traffic in major cities around the world. However, due to a lack of road network capacity, traffic congestion has worsened, resulting in longer travel times in metropolitan areas. Urban planners and local governments are integrating rapid transit networks and locomotives with existing city infrastructure to address this issue. Commuters are also on the lookout for environmentally clean, dependable, and cost-effective modes of transportation.

Get a sample copy of the diesel-electric locomotive Market report, visit: https://www.reportsanddata.com/sample-enquiry-form/5915

Some Key Highlights from the Report:

  • Based on product type, the rail wagons segment is expected to register highest revenue growth rate over forecast period. This is due to increasing number of firms using rail wagons to transport products because they are cost-effective and dependable. Many businesses and governments across the globe are spending a lot of money to replace their outmoded diesel trains.
  • Based on operating speed, 1the 00-200 km/h segment is expected to account for larger revenue share over the forecast period owing to dominance of diesel-electric trains in the hybrid train industry. Majority of these trains travel at speeds between 100 and 200 km/h. In addition to diesel-electric trains, companies are currently producing battery-electric and hydrogen fuel cell-powered trains with peak speeds between 100 km/h to 200 km/h.
  • The Europe market is expected to register a considerably fast revenue growth rate during the forecast period. This is owing to rising deployment of hybrid trains in this region by countries such as Germany, France, Spain, and the UK.  In addition, increasing number of government initiatives targeted at reducing carbon emissions is expected to drive market revenue growth.  Furthermore, as urbanization and rail infrastructure development activities in countries of Europe increases, demand for diesel-electric locomotives rises, hence driving market revenue growth.
  • The North America market is expected to register a moderately fast revenue growth rate over the forecast period owing to a strong domestic industrial base. Furthermore, regulations such as Buy American Act, which requires foreign locomotive manufacturers to establish domestic manufacturing facilities, are expected to drive revenue growth of the market in this region.
  • Government support for alternative fuel-powered railway operations, as well as growth of railway operations in industrial and mining activities, will give more opportunities for the diesel-electric locomotives industry to develop. Despite this, the impact of COVID-19 pandemic on public transportation demand might hamper market revenue growth over the forecast period.
  • Companies profiled in the global diesel-electric locomotive market report include CRRC, Bombardier, Alstom, Siemens, Wabtec Corporation, Hyundai Rotem (Hyundai Motor Group), Hitachi Ltd., Toshiba Corporation, Stadler Rail AG, and Vivarail Ltd.
  • In February 2022, CRRC International Co. Ltd., China's rolling stock manufacturer obtained a long-term 12-month contract for USD 127.2 million with a total value of USD 300 billion to provide cargo wagons to Tanzania Railway Corporation. Under this agreement, TRC will get 1,430 wagons at the end of FY23.

To know more about the latest insights of the report, visit: https://www.reportsanddata.com/request-latest-insight/5915

  • For the purpose of this report, Reports and Data has segmented the diesel-electric locomotive market based on product type, application, operating speed, locomotive type, and region:

Product Type Outlook (Revenue, USD Million; 2019–2030)

  • Locomotives
  • Rapid Transit Vehicle
  • Rail Wagons

Application Outlook (Revenue, USD Million; 2019–2030)

  • Passenger
  • Freight

Operating Speed Industry Outlook (Revenue, USD Million; 2019–2030)

  • Below 100 KM/H
  • 100-200 KM/H
  • Above 200 KM/H

Locomotive Type Industry Outlook (Revenue, USD Million; 2019–2030)

  • Diesel-Electric Locomotive
  • Diesel-Electric Multiple Unit

Regional Outlook (Revenue, USD Billion; 2019-2030)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Sweden
    • BENELUX
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Israel
    • Rest of MEA

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/5915

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

About Reports and Data                                       

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact:

John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs