The railway engine market is anticipated to expand its boundaries at an average CAGR of 4.8% during the forecast period. The market holds a share of US$ 25.6 billion in 2023 while expecting revenue of US$ 41.06 billion by 2033.
The railway engine market outlook explains the rapidly growing trade through the railways as it is a cheap and highly convenient logistics option. Furthermore, the restoration of the travel and tourism industry has fueled the demand for advanced locomotive solutions. Alongside, advanced technology such as high-speed locomotives with higher horse powers and torque to pull tons of loads or chair cars are fueling the sales of railway engines.
Financial and environmental consequences have pushed the railway engine industry to opt for an alternative path of technology. The focus is on creating cost-effective and quieter engines with futuristic designs. Advanced hydrogen engines are anticipated to be the new thing in the market space for railway engines. Apart from this, electric engines have entered the space as emerging economies like India are electrifying their railway operations. This is likely to expand the railway operation in the parts where diesel cannot be transported. The electric engine is likely to save the environment while cutting the cost of fuel, making rail transport even cheaper.
Therefore, the 200 years of railway engine technology, including diesel-electric locomotive technology, have set the base for the market. The latest and upcoming LNG and hydrail technology are anticipated to lead the market during the forecast period. The expansion of railways has led to higher connectivity among states which further leads to increased application. High-speed trains have become a good package of lesser traveling time and cheaper fare for people that cannot afford the airways. Thus, the market is likely to be fueled during the forecast period.
| Attributes | Details |
|---|---|
| Railway Engine Market CAGR (2023 to 2033) | 4.8% |
| Railway Engine Market Size (2023) | US$ 25.6 billion |
| Railway Engine Market Size (2033) | US$ 41.06 billion |
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Short-term Growth: According to Future Market Insights (FMI), the global railway engine market flourished at a slower CAGR of 2.9% between 2018 and 2022. The market struggled in the short-term growth as the pandemic expanded its feet. The transformation of railway engines by replacing old engines happened in the mid-term growth.
Mid-term Growth: The experimentation and the advanced technology enabling train engines with faster transmission have helped the demand for railway engines. Restoring trade operations has helped expand the market size with a CAGR of 4.8% between 2023 and 2033.
Long-term Growth: The future for railway engines looks promising as the latest experiments occur along with the automotive shift from fossil fuels to alternative fuels such as electric and hydrogen power. Furthermore, emerging economies such as India and China have expanded their railway tracks while introducing high-speed trains.
With the constantly growing market space for goods and products, the railways have been the first choice for their logistics. The higher mobility options, faster transportation, and cheaper logistics costs make it the first choice for businesses. Furthermore, businesses and the common masses opt for railways as their first choice of traveling due to the cheaper rates and comfortable journey. Let’s look at some of the major factors that flourish the demand for railway engines:
Digitization as a Process
The rapid digitization of railways from wagons to train engines is transforming the transportation scenario along with the enhanced national railway strategy. The use of new solutions intensifies the passenger’s experience. The government support for the railways to make them future-ready helps the demand for digitization.
The advent of Autonomous Engines
The advanced autonomous locomotives that need no loco pilot are revolutionary and hold the capability of changing the railway transmission while also opening the scope for higher research. These engines are totally controlled by the engine control rooms. The complete transmission is digital, flourishing the demand for railway engines globally.
Hydrogen and Electric Locomotives
As discussed, hydrogen is likely to dominate the market automobile market. From cars to trains, hydrogen as an alternative fuel is likely to flourish in its use in railway engines. Countries such as the USA, China, and India are focusing on building advanced hydrogen engines with higher power and pulling capacity. Furthermore, electric engines are also expanding their space in the market system along with hybrid options, fueling the overall sales of railway engines.
Principal Consultant
| Region | Market Share |
|---|---|
| The USA | 19.7% |
| Germany | 5.3% |
| Japan | 5.5% |
| Australia | 0.5% |
Increased Government Investment followed by Higher R&D activities fuel the Demand in the Region.
The USA market for railway engines is expanding, with 21st-century engines coming in with digitized transmission and efficient technology. The hydrogen engine is likely to impact engine manufacturing. Some common locomotives in the USA railway engines are SW-series switchers, GP9, GP38-2, SD40-2, and SD70 Series. These engines are based on durability and enhanced traction motors that pull many weights. The increased trade and mobility among different states of the USA are also speeding up the expansion of the railway engine market. These factors make the USA the biggest region, with a market share of 19.7%, while expanding the overall railway engine market size.
New Railway Tracks and Increased Trade demands for Powerful and Faster Engines.
India is an emerging economy with constantly building infrastructure. Therefore, goods, products, and materials are required in different parts of the country, which are majorly transported by train. This creates the demand for advanced engines capable of pulling tons of construction material.
Furthermore, Indian railways are rapidly changing their platforms, digitizing their trains, and shifting to online ticket booking. Thus, the expected higher revenue is likely to transform the Indian railways in the future. The Indian railway engine market fuels at a CAGR of 6% between 2023 and 2033, while it holds numerous opportunities such as parallel tracks, high-speed bullet tracks, and others.
Hydrogen is the way forward for Pulling Power in Europe’s Railway System
The United Kingdom railway engine market thrives at a CAGR of 3.7% during the forecast period. The expanding railway research and development with the application of hydrogen propels transformation. At the same time, coradia iLint hydrogen trains in Germany are in trials that further inspire the United Kingdom market. Germany itself holds a market share of 5.3%. Alstom United Kingdom has recently introduced its partnership with rolling stock operating company Eversholt to deliver a fleet of class 321 train units. Rolls-Royce has also signed a deal with ROSCO Porterbrook to trial hybrid technology in the regional railways.
| Segment | Top Propulsion Type |
|---|---|
| Top Sub-segment | Electric |
| Market Share | 56.8% |
Faster, Efficient, and Environment-Friendly Electric Option Tops the Propulsion Race.
In terms of propulsion type, the electric segment is likely to thrive and hold a market share of 56.8%. This is due to the latest innovation and government efforts to transform railway engines. The rising prices of fossil fuels like diesel and their impacts on the environment have pushed authorities to switch to electric propulsion.
Electric propulsion requires a small number of reciprocating parts, further decreasing the cost. This electric propulsion is being adopted in major advanced rail networks to increase the sustainability of railways. The option of high-speed trains and loader locomotives is also pushing forward the adoption of electric propulsion in the train, fueling the overall growth of the railway engine market.
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The start-up scene differs from religion as countries focus on building their engine manufacturing sites with the utmost opportunities and ideas. The start-ups can be explained as government start-ups that work in addition to the railways. For instance, the Indian government, under its Railways Green Initiative, has announced the running of hydrogen-powered trains on heritage routes. Additionally, the Indian government has introduced train trials between Ankai and Aurangabad in Maharashtra. These experiments push companies to extend their research and development facilities.
Key market participants are working in the direction of creating an impact through advanced engineering and smooth transmission. Digitization of engines to add ease for the pilot, along with hydrogen and electrified engine’s promising results, pushes vendors to adopt the technology. Furthermore, players focus on grabbing the government tenders, and so the focus is majorly on satisfying the KPIs that government looks for in an engine vendor.
Latest Developments:
From 2018 to 2022, the global market exhibited a 6.7% CAGR.
The railway engine market is valued US$ 25.6 billion in 2023.
The railway engine market is forecast to register a CAGR of 4.8% through 2033.
The United States, United Kingdom, and India dominate the global market.
From 2018 to 2022, the global market exhibited 2.9% CAGR.
1. Executive Summary | Railway Engine Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Propulsion Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Propulsion Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Propulsion Type, 2023 to 2033
5.3.1. Diesel
5.3.2. Electric
5.3.3. Others
5.4. Y-o-Y Growth Trend Analysis By Propulsion Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Propulsion Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Technology, 2018 to 2022
6.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Technology, 2023 to 2033
6.3.1. IGBT Module
6.3.2. GTO Thyristor
6.3.3. SiC Module
6.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Conversion Component
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Power Conversion Component, 2018 to 2022
7.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Power Conversion Component, 2023 to 2033
7.3.1. Rectifier
7.3.2. Inverter
7.3.3. Traction Motor
7.3.4. Alternator
7.4. Y-o-Y Growth Trend Analysis By Power Conversion Component, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Power Conversion Component, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Users
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By End-Users, 2018 to 2022
8.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By End-Users, 2023 to 2033
8.3.1. Passenger
8.3.2. Freight
8.3.3. Shunting
8.4. Y-o-Y Growth Trend Analysis By End-Users, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By End-Users, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Operational Engine
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Operational Engine, 2018 to 2022
9.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Operational Engine, 2023 to 2033
9.3.1. Train Engine
9.3.2. Banking Engine
9.3.3. Pilot Engine
9.3.4. Station Pilot
9.3.5. Light Engine
9.4. Y-o-Y Growth Trend Analysis By Operational Engine, 2018 to 2022
9.5. Absolute $ Opportunity Analysis By Operational Engine, 2023 to 2033
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Wheel Arrangement
10.1. Introduction / Key Findings
10.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Wheel Arrangement, 2018 to 2022
10.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Wheel Arrangement, 2023 to 2033
10.3.1. AAR
10.3.2. Whyte Notation Systems
10.3.3. UIC Classification
10.4. Y-o-Y Growth Trend Analysis By Wheel Arrangement, 2018 to 2022
10.5. Absolute $ Opportunity Analysis By Wheel Arrangement, 2023 to 2033
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
11.1. Introduction
11.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Region, 2018 to 2022
11.3. Current Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. Asia Pacific
11.3.5. Middle East and Africa (MEA)
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. USA
12.2.1.2. Canada
12.2.2. By Propulsion Type
12.2.3. By Technology
12.2.4. By Power Conversion Component
12.2.5. By End-Users
12.2.6. By Operational Engine
12.2.7. By Wheel Arrangement
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Propulsion Type
12.3.3. By Technology
12.3.4. By Power Conversion Component
12.3.5. By End-Users
12.3.6. By Operational Engine
12.3.7. By Wheel Arrangement
12.4. Key Takeaways
13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. Brazil
13.2.1.2. Mexico
13.2.1.3. Rest of Latin America
13.2.2. By Propulsion Type
13.2.3. By Technology
13.2.4. By Power Conversion Component
13.2.5. By End-Users
13.2.6. By Operational Engine
13.2.7. By Wheel Arrangement
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Propulsion Type
13.3.3. By Technology
13.3.4. By Power Conversion Component
13.3.5. By End-Users
13.3.6. By Operational Engine
13.3.7. By Wheel Arrangement
13.4. Key Takeaways
14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. Germany
14.2.1.2. United kingdom
14.2.1.3. France
14.2.1.4. Spain
14.2.1.5. Italy
14.2.1.6. Rest of Europe
14.2.2. By Propulsion Type
14.2.3. By Technology
14.2.4. By Power Conversion Component
14.2.5. By End-Users
14.2.6. By Operational Engine
14.2.7. By Wheel Arrangement
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Propulsion Type
14.3.3. By Technology
14.3.4. By Power Conversion Component
14.3.5. By End-Users
14.3.6. By Operational Engine
14.3.7. By Wheel Arrangement
14.4. Key Takeaways
15. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. China
15.2.1.2. Japan
15.2.1.3. South Korea
15.2.1.4. Singapore
15.2.1.5. Thailand
15.2.1.6. Indonesia
15.2.1.7. Australia
15.2.1.8. New Zealand
15.2.1.9. Rest of Asia Pacific
15.2.2. By Propulsion Type
15.2.3. By Technology
15.2.4. By Power Conversion Component
15.2.5. By End-Users
15.2.6. By Operational Engine
15.2.7. By Wheel Arrangement
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Propulsion Type
15.3.3. By Technology
15.3.4. By Power Conversion Component
15.3.5. By End-Users
15.3.6. By Operational Engine
15.3.7. By Wheel Arrangement
15.4. Key Takeaways
16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
16.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
16.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
16.2.1. By Country
16.2.1.1. GCC Countries
16.2.1.2. South Africa
16.2.1.3. Israel
16.2.1.4. Rest of MEA
16.2.2. By Propulsion Type
16.2.3. By Technology
16.2.4. By Power Conversion Component
16.2.5. By End-Users
16.2.6. By Operational Engine
16.2.7. By Wheel Arrangement
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Propulsion Type
16.3.3. By Technology
16.3.4. By Power Conversion Component
16.3.5. By End-Users
16.3.6. By Operational Engine
16.3.7. By Wheel Arrangement
16.4. Key Takeaways
17. Key Countries Market Analysis
17.1. USA
17.1.1. Pricing Analysis
17.1.2. Market Share Analysis, 2022
17.1.2.1. By Propulsion Type
17.1.2.2. By Technology
17.1.2.3. By Power Conversion Component
17.1.2.4. By End-Users
17.1.2.5. By Operational Engine
17.1.2.6. By Wheel Arrangement
17.2. Canada
17.2.1. Pricing Analysis
17.2.2. Market Share Analysis, 2022
17.2.2.1. By Propulsion Type
17.2.2.2. By Technology
17.2.2.3. By Power Conversion Component
17.2.2.4. By End-Users
17.2.2.5. By Operational Engine
17.2.2.6. By Wheel Arrangement
17.3. Brazil
17.3.1. Pricing Analysis
17.3.2. Market Share Analysis, 2022
17.3.2.1. By Propulsion Type
17.3.2.2. By Technology
17.3.2.3. By Power Conversion Component
17.3.2.4. By End-Users
17.3.2.5. By Operational Engine
17.3.2.6. By Wheel Arrangement
17.4. Mexico
17.4.1. Pricing Analysis
17.4.2. Market Share Analysis, 2022
17.4.2.1. By Propulsion Type
17.4.2.2. By Technology
17.4.2.3. By Power Conversion Component
17.4.2.4. By End-Users
17.4.2.5. By Operational Engine
17.4.2.6. By Wheel Arrangement
17.5. Germany
17.5.1. Pricing Analysis
17.5.2. Market Share Analysis, 2022
17.5.2.1. By Propulsion Type
17.5.2.2. By Technology
17.5.2.3. By Power Conversion Component
17.5.2.4. By End-Users
17.5.2.5. By Operational Engine
17.5.2.6. By Wheel Arrangement
17.6. United kingdom
17.6.1. Pricing Analysis
17.6.2. Market Share Analysis, 2022
17.6.2.1. By Propulsion Type
17.6.2.2. By Technology
17.6.2.3. By Power Conversion Component
17.6.2.4. By End-Users
17.6.2.5. By Operational Engine
17.6.2.6. By Wheel Arrangement
17.7. France
17.7.1. Pricing Analysis
17.7.2. Market Share Analysis, 2022
17.7.2.1. By Propulsion Type
17.7.2.2. By Technology
17.7.2.3. By Power Conversion Component
17.7.2.4. By End-Users
17.7.2.5. By Operational Engine
17.7.2.6. By Wheel Arrangement
17.8. Spain
17.8.1. Pricing Analysis
17.8.2. Market Share Analysis, 2022
17.8.2.1. By Propulsion Type
17.8.2.2. By Technology
17.8.2.3. By Power Conversion Component
17.8.2.4. By End-Users
17.8.2.5. By Operational Engine
17.8.2.6. By Wheel Arrangement
17.9. Italy
17.9.1. Pricing Analysis
17.9.2. Market Share Analysis, 2022
17.9.2.1. By Propulsion Type
17.9.2.2. By Technology
17.9.2.3. By Power Conversion Component
17.9.2.4. By End-Users
17.9.2.5. By Operational Engine
17.9.2.6. By Wheel Arrangement
17.10. China
17.10.1. Pricing Analysis
17.10.2. Market Share Analysis, 2022
17.10.2.1. By Propulsion Type
17.10.2.2. By Technology
17.10.2.3. By Power Conversion Component
17.10.2.4. By End-Users
17.10.2.5. By Operational Engine
17.10.2.6. By Wheel Arrangement
17.11. Japan
17.11.1. Pricing Analysis
17.11.2. Market Share Analysis, 2022
17.11.2.1. By Propulsion Type
17.11.2.2. By Technology
17.11.2.3. By Power Conversion Component
17.11.2.4. By End-Users
17.11.2.5. By Operational Engine
17.11.2.6. By Wheel Arrangement
17.12. South Korea
17.12.1. Pricing Analysis
17.12.2. Market Share Analysis, 2022
17.12.2.1. By Propulsion Type
17.12.2.2. By Technology
17.12.2.3. By Power Conversion Component
17.12.2.4. By End-Users
17.12.2.5. By Operational Engine
17.12.2.6. By Wheel Arrangement
17.13. Singapore
17.13.1. Pricing Analysis
17.13.2. Market Share Analysis, 2022
17.13.2.1. By Propulsion Type
17.13.2.2. By Technology
17.13.2.3. By Power Conversion Component
17.13.2.4. By End-Users
17.13.2.5. By Operational Engine
17.13.2.6. By Wheel Arrangement
17.14. Thailand
17.14.1. Pricing Analysis
17.14.2. Market Share Analysis, 2022
17.14.2.1. By Propulsion Type
17.14.2.2. By Technology
17.14.2.3. By Power Conversion Component
17.14.2.4. By End-Users
17.14.2.5. By Operational Engine
17.14.2.6. By Wheel Arrangement
17.15. Indonesia
17.15.1. Pricing Analysis
17.15.2. Market Share Analysis, 2022
17.15.2.1. By Propulsion Type
17.15.2.2. By Technology
17.15.2.3. By Power Conversion Component
17.15.2.4. By End-Users
17.15.2.5. By Operational Engine
17.15.2.6. By Wheel Arrangement
17.16. Australia
17.16.1. Pricing Analysis
17.16.2. Market Share Analysis, 2022
17.16.2.1. By Propulsion Type
17.16.2.2. By Technology
17.16.2.3. By Power Conversion Component
17.16.2.4. By End-Users
17.16.2.5. By Operational Engine
17.16.2.6. By Wheel Arrangement
17.17. New Zealand
17.17.1. Pricing Analysis
17.17.2. Market Share Analysis, 2022
17.17.2.1. By Propulsion Type
17.17.2.2. By Technology
17.17.2.3. By Power Conversion Component
17.17.2.4. By End-Users
17.17.2.5. By Operational Engine
17.17.2.6. By Wheel Arrangement
17.18. GCC Countries
17.18.1. Pricing Analysis
17.18.2. Market Share Analysis, 2022
17.18.2.1. By Propulsion Type
17.18.2.2. By Technology
17.18.2.3. By Power Conversion Component
17.18.2.4. By End-Users
17.18.2.5. By Operational Engine
17.18.2.6. By Wheel Arrangement
17.19. South Africa
17.19.1. Pricing Analysis
17.19.2. Market Share Analysis, 2022
17.19.2.1. By Propulsion Type
17.19.2.2. By Technology
17.19.2.3. By Power Conversion Component
17.19.2.4. By End-Users
17.19.2.5. By Operational Engine
17.19.2.6. By Wheel Arrangement
17.20. Israel
17.20.1. Pricing Analysis
17.20.2. Market Share Analysis, 2022
17.20.2.1. By Propulsion Type
17.20.2.2. By Technology
17.20.2.3. By Power Conversion Component
17.20.2.4. By End-Users
17.20.2.5. By Operational Engine
17.20.2.6. By Wheel Arrangement
18. Market Structure Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Market Share Analysis of Top Players
18.3.1. By Regional
18.3.2. By Propulsion Type
18.3.3. By Technology
18.3.4. By Power Conversion Component
18.3.5. By End-Users
18.3.6. By Operational Engine
18.3.7. By Wheel Arrangement
19. Competition Analysis
19.1. Competition Deep Dive
19.1.1. ALSTOM
19.1.1.1. Overview
19.1.1.2. Product Portfolio
19.1.1.3. Profitability by Market Segments
19.1.1.4. Sales Footprint
19.1.1.5. Strategy Overview
19.1.1.5.1. Marketing Strategy
19.1.1.5.2. Product Strategy
19.1.1.5.3. Channel Strategy
19.1.2. CRRC Corporation Limited.
19.1.2.1. Overview
19.1.2.2. Product Portfolio
19.1.2.3. Profitability by Market Segments
19.1.2.4. Sales Footprint
19.1.2.5. Strategy Overview
19.1.2.5.1. Marketing Strategy
19.1.2.5.2. Product Strategy
19.1.2.5.3. Channel Strategy
19.1.3. Stadler Rail
19.1.3.1. Overview
19.1.3.2. Product Portfolio
19.1.3.3. Profitability by Market Segments
19.1.3.4. Sales Footprint
19.1.3.5. Strategy Overview
19.1.3.5.1. Marketing Strategy
19.1.3.5.2. Product Strategy
19.1.3.5.3. Channel Strategy
19.1.4. Siemens Ltd.
19.1.4.1. Overview
19.1.4.2. Product Portfolio
19.1.4.3. Profitability by Market Segments
19.1.4.4. Sales Footprint
19.1.4.5. Strategy Overview
19.1.4.5.1. Marketing Strategy
19.1.4.5.2. Product Strategy
19.1.4.5.3. Channel Strategy
19.1.5. GE Transportation
19.1.5.1. Overview
19.1.5.2. Product Portfolio
19.1.5.3. Profitability by Market Segments
19.1.5.4. Sales Footprint
19.1.5.5. Strategy Overview
19.1.5.5.1. Marketing Strategy
19.1.5.5.2. Product Strategy
19.1.5.5.3. Channel Strategy
19.1.6. Kawasaki Heavy Industries
19.1.6.1. Overview
19.1.6.2. Product Portfolio
19.1.6.3. Profitability by Market Segments
19.1.6.4. Sales Footprint
19.1.6.5. Strategy Overview
19.1.6.5.1. Marketing Strategy
19.1.6.5.2. Product Strategy
19.1.6.5.3. Channel Strategy
19.1.7. Bombardier
19.1.7.1. Overview
19.1.7.2. Product Portfolio
19.1.7.3. Profitability by Market Segments
19.1.7.4. Sales Footprint
19.1.7.5. Strategy Overview
19.1.7.5.1. Marketing Strategy
19.1.7.5.2. Product Strategy
19.1.7.5.3. Channel Strategy
19.1.8. Bharat Heavy Electricals Limited
19.1.8.1. Overview
19.1.8.2. Product Portfolio
19.1.8.3. Profitability by Market Segments
19.1.8.4. Sales Footprint
19.1.8.5. Strategy Overview
19.1.8.5.1. Marketing Strategy
19.1.8.5.2. Product Strategy
19.1.8.5.3. Channel Strategy
19.1.9. AEG Power Solutions
19.1.9.1. Overview
19.1.9.2. Product Portfolio
19.1.9.3. Profitability by Market Segments
19.1.9.4. Sales Footprint
19.1.9.5. Strategy Overview
19.1.9.5.1. Marketing Strategy
19.1.9.5.2. Product Strategy
19.1.9.5.3. Channel Strategy
19.1.10. EMD Caterpillar
19.1.10.1. Overview
19.1.10.2. Product Portfolio
19.1.10.3. Profitability by Market Segments
19.1.10.4. Sales Footprint
19.1.10.5. Strategy Overview
19.1.10.5.1. Marketing Strategy
19.1.10.5.2. Product Strategy
19.1.10.5.3. Channel Strategy
20. Assumptions & Acronyms Used
21. Research Methodology
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