Global Railway Traction Motors Market Growth 2023-2029

Global Railway Traction Motors Market Growth 2023-2029

LPI (LP Information)' newest research report, the “Railway Traction Motors Industry Forecast” looks at past sales and reviews total world Railway Traction Motors sales in 2022, providing a comprehensive analysis by region and market sector of projected Railway Traction Motors sales for 2023 through 2029. With Railway Traction Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Railway Traction Motors industry.

This Insight Report provides a comprehensive analysis of the global Railway Traction Motors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Railway Traction Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Railway Traction Motors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Railway Traction Motors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Railway Traction Motors.

The global Railway Traction Motors market size is projected to grow from US$ 11460 million in 2022 to US$ 14410 million in 2029; it is expected to grow at a CAGR of 14410 from 2023 to 2029.

United States market for Railway Traction Motors is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Railway Traction Motors is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Railway Traction Motors is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Railway Traction Motors players cover ABB, Alstom, Siemens, Bombardier, Hynundai Rotem Company, Mitsubishi Electric Corporation, Skoda Transportation, Hitachi and Sulzer, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Railway Traction Motors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
AC Traction Motors
DC Traction Motors

Segmentation by application
Diesel Locomotives
Electric Multiple Units (EMUs)
Electric Locomotives
Diesel-Electric Locomotives

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Alstom
Siemens
Bombardier
Hynundai Rotem Company
Mitsubishi Electric Corporation
Skoda Transportation
Hitachi
Sulzer
VEM Sachsenwerk

Key Questions Addressed in this Report

What is the 10-year outlook for the global Railway Traction Motors market?

What factors are driving Railway Traction Motors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Railway Traction Motors market opportunities vary by end market size?

How does Railway Traction Motors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.