Railway Traction Motors Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Railway Traction Motors Market covers analysis by Motor Type (DC Traction Motors, AC Traction Motors, and Synchronous Alternating Current Traction Motor); Application (Diesel Locomotive, Electric Multiple Units, Electric Locomotives, and Diesel Electric Locomotives), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPMC00002525
  • Category : Manufacturing and Construction
  • Status : Upcoming
  • No. of Pages : 150
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The railway traction motor is a specially designed electric motor that is used to provide superior torque for railway coaches. The railway coach owing to their large weight, and long service generally require motors that are robust, durable and capable to sustain the high mechanical force. As a result, the railway traction motors provide the much-needed power requirement for the efficient functioning of the railway coach.

Factors such as an increase in freight transportation through railroad and growing popularity of metro rails are expected to boost the demand for the railway traction motor. Some of the major market players in railway traction motor market are focused on the development of more efficient electric traction motors in order to sustain the market competitiveness. However, the high cost of maintenance may hinder the growth of railway traction motors market in the future.

The "Global Railway Traction Motors Market Analysis to 2028" is a specialized and in-depth study of the railway traction motors industry with a focus on the global market trend. The report aims to provide an overview of the global railway traction motors market with detailed market segmentation by motor type, application and geography. The global railway traction motors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the railway traction motors market.

The report provides a detailed overview of the railway traction motors industry including both qualitative and quantitative information. It provides an overview and forecast of the global railway traction motors market based on type, and application. It also provides market size and forecast till 2028 for overall railway traction motors market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting railway traction motors market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis.

Also, key market players influencing the railway traction motors market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, a key development in the past five years. Some of the key players influencing the railway traction motors market are ABB LTD, Hyundai Rotem Company, Saini Group, Sulzer Ltd,Alstom S.A., BHEL, Siemens AG, Mitsubishi Electric Corporation, Skoda Transportation A.S, and VEM Group among others. REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Table of Contents

1 INTRODUCTION
1.1 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2 KEY TAKEAWAYS
3 RAILWAY TRACTION MOTORS MARKET LANDSCAPE
3.1 OVERVIEW
3.2 MARKET SEGMENTATION
3.2.1 Railway Traction Motors Market - By Motor Type
3.2.2 Railway Traction Motors Market - By Application
3.2.3 Railway Traction Motors Market - By Region
3.2.3.1 By Countries
3.2.4 PEST Analysis
3.2.4.1 North America - PEST Analysis
3.2.4.2 Europe - PEST Analysis
3.2.4.3 Asia Pacific (APAC) - PEST Analysis
3.2.4.4 Middle East & Africa (MEA) - PEST Analysis
3.2.4.5 South America (SAM)- PEST Analysis
4 RAILWAY TRACTION MOTORS MARKET - KEY INDUSTRY DYNAMICS
4.1 KEY MARKET DRIVERS
4.2 KEY MARKET RESTRAINTS
4.3 KEY MARKET OPPORTUNITIES
4.4 FUTURE TRENDS
4.5 IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5 RAILWAY TRACTION MOTORS MARKET - GLOBAL MARKET ANALYSIS
5.1 RAILWAY TRACTION MOTORS - GLOBAL MARKET OVERVIEW
5.2 RAILWAY TRACTION MOTORS - GLOBAL MARKET AND FORECAST TO 2028
6 RAILWAY TRACTION MOTORS MARKET REVENUE AND FORECASTS TO 2028 - MOTOR TYPE
6.1 OVERVIEW
6.2 MOTOR TYPE MARKET FORECASTS AND ANALYSIS
6.3 DC TRACTION MOTORS MARKET
6.3.1 Overview
6.3.2 DC traction motors market forecast and analysis
6.4 AC TRACTION MOTORS MARKET
6.4.1 Overview
6.4.2 AC traction motors market forecast and analysis
6.5 SYNCHRONOUS ALTERNATING CURRENT TRACTION MOTORS MARKET
6.5.1 Overview
6.5.2 Synchronous alternating current traction motors market forecast and analysis
7 RAILWAY TRACTION MOTORS MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1 OVERVIEW
7.2 APPLICATION MARKET FORECASTS AND ANALYSIS
7.3 DIESEL LOCOMOTIVE MARKET
7.3.1 Overview
7.3.2 Diesel locomotive market forecast and analysis
7.4 ELECTRIC MULTIPLE UNITS MARKET
7.4.1 Overview
7.4.2 Electric multiple units market forecast and analysis
7.5 ELECTRIC LOCOMOTIVES MARKET
7.5.1 Overview
7.5.2 Electric locomotives market forecast and analysis
7.6 DIESEL ELECTRIC LOCOMOTIVES MARKET
7.6.1 Overview
7.6.2 Diesel electric locomotives market forecast and analysis
8 RAILWAY TRACTION MOTORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1 NORTH AMERICA
8.1.1 North America Railway Traction Motors Market Overview
8.1.2 North America Railway Traction Motors Market Forecasts and Analysis
8.1.3 North America Market Forecasts and Analysis - By Countries
8.1.3.1 US market
8.1.3.2 Canada market
8.1.3.3 Mexico market
8.1.4 North America Market Forecasts and Analysis - By Motor Type
8.1.5 North America Market Forecasts and Analysis - By Application
8.2 EUROPE
8.2.1 Europe Railway Traction Motors Market Overview
8.2.2 Europe Railway Traction Motors Market Forecasts and Analysis
8.2.3 Europe Market Forecasts and Analysis - By Countries
8.2.3.1 France market
8.2.3.2 Germany market
8.2.3.3 Italy market
8.2.3.4 Spain market
8.2.3.5 UK market
8.2.3.6 Rest of Europe market
8.2.4 Europe Market Forecasts and Analysis - By Motor Type
8.2.5 Europe Market Forecasts and Analysis - By Application
8.3 ASIA PACIFIC (APAC)
8.3.1 Asia Pacific Railway Traction Motors Market Overview
8.3.2 Asia Pacific Railway Traction Motors Market Forecasts and Analysis
8.3.3 Asia Pacific Market Forecasts and Analysis - By Countries
8.3.3.1 Australia market
8.3.3.2 China market
8.3.3.3 India market
8.3.3.4 Japan market
8.3.3.5 Rest of APAC market
8.3.4 Asia Pacific Market Forecasts and Analysis - By Motor Type
8.3.5 Asia Pacific Market Forecasts and Analysis - By Application
8.4 MIDDLE EAST AND AFRICA (MEA)
8.4.1 Middle East and Africa Railway Traction Motors Market Overview
8.4.2 Middle East and Africa Railway Traction Motors Market Forecasts and Analysis
8.4.3 Middle East and Africa Market Forecasts and Analysis - By Countries
8.4.3.1 South Africa market
8.4.3.2 Saudi Arabia market
8.4.3.3 UAE market
8.4.3.4 Rest of MEA market
8.4.4 Middle East and Africa Market Forecasts and Analysis - By Motor Type
8.4.5 Middle East and Africa Market Forecasts and Analysis - By Application
8.5 SOUTH AMERICA (SAM)
8.5.1 South America Railway Traction Motors Market Overview
8.5.2 South America Railway Traction Motors Market Forecasts and Analysis
8.5.3 South America Market Forecasts and Analysis - By Countries
8.5.3.1 Brazil market
8.5.3.2 Rest of SAM market
8.5.4 South America Market Forecasts and Analysis - By Motor Type
8.5.5 South America Market Forecasts and Analysis - By Application
9 INDUSTRY LANDSCAPE
9.1 MERGERS & ACQUISITIONS
9.2 MARKET INITIATIVES
9.3 NEW DEVELOPMENTS
9.4 INVESTMENT SCENARIOS
10 COMPETITIVE LANDSCAPE
10.1 COMPETITIVE INDUSTRY MAPPING
10.2 MARKET POSITIONING/ MARKET SHARE
11 RAILWAY TRACTION MOTORS MARKET, KEY COMPANY PROFILES
11.1 HYUNDAI ROTEM COMPANY
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Developments
11.2 ABB LTD.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Financial Overview
11.2.4 SWOT Analysis
11.2.5 Key Developments
11.3 SAINI GROUP
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Financial Overview
11.3.4 SWOT Analysis
11.3.5 Key Developments
11.4 SULZER LTD
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Financial Overview
11.4.4 SWOT Analysis
11.4.5 Key Developments
11.5 ALSTOM SA
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Financial Overview
11.5.4 SWOT Analysis
11.5.5 Key Developments
11.6 BHARAT HEAVY ELECTRICALS LIMITED
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Financial Overview
11.6.4 SWOT Analysis
11.6.5 Key Developments
11.7 SKODA TRANSPORTATION A.S.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Financial Overview
11.7.4 SWOT Analysis
11.7.5 Key Developments
11.8 SIEMENS AG
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Financial Overview
11.8.4 SWOT Analysis
11.8.5 Key Developments
11.9 MITSUBISHI ELECTRIC CORPORATION
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Financial Overview
11.9.4 SWOT Analysis
11.9.5 Key Developments
11.10 VEM GROUP
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Financial Overview
11.10.4 SWOT Analysis
11.10.5 Key Developments

12 APPENDIX
12.1 ABOUT THE INSIGHT PARTNERS
12.2 GLOSSARY OF TERMS
12.3 RESEARCH METHODOLOGY
The List of Companies


1. ABB LTD
2. Hyundai Rotem Company
3. Saini Group
4. Sulzer Ltd.
5. Alstom S.A.
6. Bharat Heavy Electric Limited
7. Siemens AG
8. Mitsubishi Electric Corporation
9. Skoda Transportation A.S
10. VEM Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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