World - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Electric Locomotive Market - The Global Electric Locomotive Market Now Dominated by Germany and China
In 2013, Germany and China were the main global suppliers on the electric locomotive market with a combined share of X% of global exports. All the main suppliers strengthened their positions from 2007 to 2013.
In 2013, Germany (X%), Kazakhstan (X%), Sweden (X%) and Australia (X%) were the leading destinations of electric locomotive imports, together making up X% of global imports in value terms. All remaining countries increased their positions throughout the analyzed period.
China took the second spot in global electric locomotive production and trade. In 2013, China exported X% of its total electric locomotive output. Of this amount, X% was supplied to Belarus, where Chinese electric locomotives held a X% share of total Belarus' consumption.
China, Russia and India have the biggest national electronic locomotive fleets, followed by Germany, Italy and France. The countries of Eastern Europe and of the CIS, because of their currently dated rolling stock, are likely to need replacements of their existing locomotive fleets.
The largest locomotive producers are Siemens, Bombardier and Alstom, accounting for a third of the overall market volume. New players, such as Skoda, Talgo, CAF, and Stadler Winterthur, however, are in the process of entering the European market. While Chinese producers' sales are predominantly concentrated in eastern Asia, some Chinese-made electric locomotives have already been exported to such countries as Iran, Uzbekistan and Kazakhstan.
China's top manufacturers of high-speed trains, namely the CNR and the CSR Corporation, announced their merging. As a result, the combined fleet of these companies will certainly give an edge to the Chinese industry on the global market.
Despite the rising share of electric locomotives over the last few years, they still have not managed to displace diesel locomotives as the dominant locomotive option worldwide. Relatively high initial costs and difficulty in electrifying low density lines of travel are at the root of this. A widespread use of electric locomotives is likely to become feasible only when railroad electrification processes are simplified and made less expensive.
Not requiring expensive infrastructure (traction network, substations, etc.), diesel locomotives have a definite advantage over their electric counterparts. Armed with a fuel tank, diesel locomotives, unlike electric ones, do not require continuous energy supply. This is a huge advantage in low traffic (mainly commuter) lines.
Do you want to know more about the global electric locomotive market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- electric locomotive market share
- electric locomotive prices
- electric locomotive industry
- electric locomotive sales
- electric locomotive market forecast
- electric locomotive price forecast
- key electric locomotive producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global electric locomotive market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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