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According to Technavio’s analyst, the global electric locomotive engines market is anticipated to grow at a steady rate and post a CAGR of close to 4% during the forecast period. The increasing preference for non-polluting and energy-efficient transportation system will drive the growth prospects for the global electric locomotive engines market until the end of 2021. It has been observed that the transport segment accounted for about 25% of the global carbon dioxide emissions from fuel combustion in 2015, which, in turn, will drive the preference for electric locomotive engines over their traditional diesel train counterparts. Additionally, the rising preference for electric locomotive engines for freight transportation due to their fuel-efficiency and on-time modes of transportation, which will increase freight transportation through rails, will also fuel the growth of this global market in the coming years.
The emergence of dual-mode locomotive electric trains will be one of the major trends that will gain traction in the electric locomotive engines market for the next four years. Due to their reduced dependence on petrol, the coming years will witness an increased preference for dual mode trains, which will be one of the major factors propelling the growth of this market.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
Tags: electric engine, power train, powertrain products, car manufacturers, automotive industry trends, automotive market study,
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