DUBLIN--(BUSINESS WIRE)--The "Global Traction Equipment Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report has been added to Research and Markets' offering.
The global traction equipment market was valued at US$ 246.1 Bn in 2016, and is expected to reach US$ 316.3 Bn by 2025, expanding at a CAGR of 2.8% from 2017 to 2025.
The global traction equipment market is majorly driven by technological evolution and shift in transport technologies and preferences. As international and intercontinental trades are proliferating worldwide, the demand for more rapid and adaptable transit systems are in growing demand. Furthermore, growing need for electrification of railway lines and upgrade of older locomotive versions to more efficient and cost-effective solutions additionally drive the market in emerging economies. Growing demand for mass transportation is further attributed to growing government funding across both developed and developing economies.
Based on the type of systems, multi traction systems are the most widely used traction equipment worldwide. The demand for multi systems is the highest in Europe and Asia Pacific, where there is a wide existence of varied voltage systems and the need for cost-efficient and effective transition systems is high in these regions. Due to regional variation in railway electrification systems, trains often have to pass through one system to other during transit. Change of locomotives at switching stations is the most common way of attaining this.
Companies Mentioned
- ABB Ltd.
- American Traction Systems
- Alstom SA
- Bombardier Inc.
- Crompton Greaves Limited
- Caterpillar Inc.
- GE Company
- Mitsubishi Electric Corporation
- Kawasaki Heavy Industries Ltd.
- VEM Group
- Siemens
- Toshiba International
Key Topics Covered:
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Traction Equipment: Market Dynamics and Outlook
Chapter 4. Global Traction Equipment Market, by Type, 2015 - 2025 (US$ Mn)
Chapter 5. Global Traction Equipment Market, by Component, 2015 - 2025 (US$ Mn)
Chapter 6. Global Traction Equipment Market, by Geography, 2015 - 2025 (US$ Mn)
Chapter 7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/l44jhj/global_traction
