Global Diesel Locomotive Engines Market 2016-2020

Overview of the global diesel locomotive engines market

Market research analysts at Technavio predict that the global diesel locomotive engines market will grow steadily during the next four years and in terms of units, will post a CAGR of almost 3% by 2020. This market research analysis identifies the augmented costs for cost of rail electrification as one of the primary growth factors for this market. The electrification of rails involves high costs. For instance, the electrification of the Great Western mainline in Britain exceeded almost three times the estimated value to almost USD 4 billion. Additionally, it also arises environmental concerns regarding leveling the natural abode for the construction of electric overhead lines. Such factors will consequently result in increasing the demand for diesel engines from the locomotive sector, propelling market growth.

The development of hydrogen-powered locomotive engines is one of the major factors that will gain traction in this market in the coming years. The hydrogen fuel in the roof will produce electricity by mixing hydrogen and oxygen to generate electricity and will emit only condensed water and steam as by-products. This also eliminates the need for overhead cables, making these trains environment-friendly. One of the locomotive engine manufacturers Alstom, has already launched Coradia iLint, a hydrogen cell powered passenger train in Germany in 2016. The train can reach speeds up to 90 mph and has an approximate range of about 500 miles before refueling.

Competitive landscape and key vendors

The market is characterized by the presence of a limited number of well-established vendors and is dominated by major players such as General Electric (GE), Caterpillar, and China CNR. Due to the restricted demand for locomotive engines, this market is moderately competitive. The major market players are currently focusing on increasing their customer base and are also investing heavily in R&D. With technological advancements and the introduction of regulations from various governments, the market’s competitive environment will likely intensify in the coming years.

The leading vendors in the market are -

• General Electric
• Caterpillar
• China CNR

The other prominent vendors in the market are Alstom, Bombardier, and Siemens.

Segmentation by application and analysis of the diesel locomotive engines market

• Passenger
• Freight

During 2015, the freight transportation segment accounted for the major shares and dominated this market. The increasing preference of the freight companies towards rail transport for freight transportation due to the growing traffic congestion on highways and the constantly rising fuel prices will fuel the market’s growth prospects in this segment.

Geographical segmentation and analysis of the diesel locomotive engines market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographical regions, EMEA will be the major revenue contributor to the diesel locomotive engine market throughout the forecast period. Due to the availability of low-cost labor, several automotive manufacturers in Europe are shifting their manufacturing plants to countries in Eastern Europe. This will lead to an increase in the number of freight rail services in this region, in turn, aiding market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global diesel locomotive engines market?
• What are the key market trends impacting the growth of the global diesel locomotive engines market?
• What are the challenges to market growth?
• Who are the key vendors in the global diesel locomotive engines market?
• What are the market opportunities and threats faced by the vendors in the global diesel locomotive engines market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global diesel locomotive engines market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Diesel Engine Market 2016-2020
• Global Battery Market for Railways 2016-2020