The purpose of this research study titled ‘Traction Equipment Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025’ is to provide investors, developers, company executives and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global traction equipment market. This report presents and analyzes the major trends prevalent in the global traction equipment market and the market size and forecast.
This report categorizes the global traction equipment market in terms of system type, components and geographical distribution. DC systems, AC systems and multi systems are types of traction systems considered in this study. Based on components, the global traction equipment market is categorized into traction transformers, traction motors and traction converters. Market revenue and forecast for each mentioned segment for the period 2015-2025 is presented in the report along with respective CAGRs for the forecast duration 2017-2025.
Geographically, the global traction equipment market is best understood by segmenting the market into five major regions and chief region level markets as follows:
The market revenue and forecast of each considered geographical market is presented for the period 2015-2025 along with CAGRs for the forecast period 2017-2025 in this study and further cross-sectional presentation in terms of type, components, and constituent region/country level markets is also included.
This report also includes qualitative assessment factors such as market dynamics (drivers, restraints and opportunities), value chain, and Porter’s five forces model to have a good understanding of the current and anticipated trends in the global traction equipment market. Competition assessment tools such as market attractiveness assessment and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report concludes with profiling of key market players currently enjoying prominent position in the traction equipment market. The key players profiled in this report are 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 Corporation, and TTM Rail.
Chapter 1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
Chapter 2. Executive Summary
2.1. Global Traction Equipment Market Portraiture
2.1.1. Global Traction Equipment Market, by Component, 2016
2.1.2. Global Phosphorous Trichloride Market, by Geography, 2016
Chapter 3. Traction Equipment: Market Dynamics and Outlook
3.1. Market Overview
3.2. Traction Equipment: Production Analysis
3.3. Value Chain Analysis
3.4. Drivers
3.5. Challenges
3.6. Opportunities
3.7. Porter’s Five Forces Model
3.8. Attractive Investment Proposition, by Geography
3.9. Competitive Landscape
3.9.1. Market Competition Analysis, by Key Players, 2016 (Value %)
Chapter 4. Global Traction Equipment Market, by Type, 2015 – 2025 (US$ Mn)
4.1. Overview
4.2. DC Traction
4.3. AC Traction
4.4. Multi Systems
Chapter 5. Global Traction Equipment Market, by Component, 2015 – 2025 (US$ Mn)
5.1. Overview
5.2. Traction Transformers
5.3. Traction Motors
5.4. Traction Converters
Chapter 6. Global Traction Equipment Market, by Geography, 2015 – 2025 (US$ Mn)
6.1. Overview
6.2. North America Traction Equipment Market, 2015 – 2025
6.2.1. North America Traction Equipment Market, by Type, 2015 – 2025 (US$ Mn)
6.2.2. North America Traction Equipment Market, by Component, 2015 – 2025 (US$ Mn)
6.2.3. North America Traction Equipment Market, by Country, 2015 – 2025 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Traction Equipment Market, 2015 – 2025
6.3.1. Europe Traction Equipment Market, by Type, 2015 – 2025 (US$ Mn)
6.3.2. Europe Traction Equipment Market, by Component, 2015 – 2025 (US$ Mn)
6.3.3. Europe Traction Equipment Market, by Country, 2015 – 2025 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. France
6.3.3.3. Italy
6.3.3.4. Germany
6.3.3.5. Spain
6.3.3.6. Russia
6.3.3.7. Rest of Europe
6.4. Asia Pacific Traction Equipment Market, 2015 – 2025
6.4.1. Asia Pacific Traction Equipment Market, by Type, 2015 – 2025 (US$ Mn)
6.4.2. Asia Pacific Traction Equipment Market, by Component, 2015 – 2025 (US$ Mn)
6.4.3. Asia Pacific Traction Equipment Market, by Country, 2015 – 2025 (US$ Mn)
6.4.3.1. China
6.4.3.2. India
6.4.3.3. Japan
6.4.3.4. Australia
6.4.3.5. Rest of APAC
6.5. Latin America Traction Equipment Market, 2015 – 2025
6.5.1. Latin America Traction Equipment Market, by Type, 2015 – 2025 (US$ Mn)
6.5.2. Latin America Traction Equipment Market, by Component, 2015 – 2025 (US$ Mn)
6.5.3. Latin America Traction Equipment Market, by Country, 2015 – 2025 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa (MEA) Traction Equipment Market, 2015 – 2025
6.6.1. MEA Traction Equipment Market, by Type, 2015 – 2025 (US$ Mn)
6.6.2. MEA Traction Equipment Market, by Component, 2015 – 2025 (US$ Mn)
6.6.3. MEA Traction Equipment Products Market, by Region, 2015 – 2025 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA
Chapter 7. Company Profiles
7.1. ABB Ltd.
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. American Traction Systems
7.2.1. Business Description
7.2.2. Financial Information (Subject to data availability)
7.2.3. Product Portfolio
7.2.4. Key Developments
7.3. Alstom SA
7.3.1. Business Description
7.3.2. Financial Information (Subject to data availability)
7.3.3. Product Portfolio
7.3.4. Key Developments
7.4. Bombardier Inc.
7.4.1. Business Description
7.4.2. Financial Information (Subject to data availability)
7.4.3. Product Portfolio
7.4.4. Key Developments
7.5. Crompton Greaves Limited
7.5.1. Business Description
7.5.2. Financial Information (Subject to data availability)
7.5.3. Product Portfolio
7.5.4. Key Developments
7.6. Caterpillar Inc.
7.6.1. Business Description
7.6.2. Financial Information (Subject to data availability)
7.6.3. Product Portfolio
7.6.4. Key Developments
7.7. GE Company
7.7.1. Business Description
7.7.2. Financial Information (Subject to data availability)
7.7.3. Product Portfolio
7.7.4. Key Developments
7.8. Mitsubishi Electric Corporation
7.8.1. Business Description
7.8.2. Financial Information (Subject to data availability)
7.8.3. Product Portfolio
7.8.4. Key Developments
7.9. Kawasaki Heavy Industries Ltd.
7.9.1. Business Description
7.9.2. Financial Information (Subject to data availability)
7.9.3. Product Portfolio
7.9.4. Key Developments
7.10. VEM Group
7.10.1. Business Description
7.10.2. Financial Information (Subject to data availability)
7.10.3. Product Portfolio
7.10.4. Key Developments
7.11. Siemens
7.11.1. Business Description
7.11.2. Financial Information (Subject to data availability)
7.11.3. Product Portfolio
7.11.4. Key Developments
7.12. Toshiba International Corporation
7.12.1. Business Description
7.12.2. Financial Information (Subject to data availability)
7.12.3. Product Portfolio
7.12.4. Key Developments
7.13. TTM Rail
7.13.1. Business Description
7.13.2. Financial Information (Subject to data availability)
7.13.3. Product Portfolio
7.13.4. Key Developments
7.14. Other Notable Players
List Of Table :
TABLE 1 Global Traction Equipment Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 2 Global Traction Equipment Market, by Component, 2015 – 2025 (US$ Mn)
TABLE 3 Global Traction Equipment Market Revenue, by Geography, 2015 – 2025 (US$ Mn)
TABLE 4 North America Traction Equipment Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 5 North America Traction Equipment Market, by Component, 2015 – 2025 (US$ Mn)
TABLE 6 Europe Traction Equipment Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 7 Europe Traction Equipment Market, by Component, 2015 – 2025 (US$ Mn)
TABLE 8 Asia Pacific Traction Equipment Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 9 Asia Pacific Traction Equipment Market, by Component, 2015 – 2025 (US$ Mn)
TABLE 10 Latin America Traction Equipment Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 11 Latin America Traction Equipment Market, by Component, 2015 – 2025 (US$ Mn)
TABLE 12 MEA Traction Equipment Market, by Region, 2015 – 2025 (US$ Mn)
TABLE 13 MEA Traction Equipment Market, by Component, 2015 – 2025 (US$ Mn)
List Of Figures :
FIG. 1 Traction Equipment: Market Segmentation
FIG. 2 Global Traction Equipment Market, by Type, 2016 (US$ Mn)
FIG. 3 Global Traction Equipment Market, by Component, 2016 (US$ Mn)
FIG. 4 Global Traction Equipment Market, by Geography, 2016 (Value %)
FIG. 5 Porter’s Five Forces Model
FIG. 6 Attractive Investment Proposition, by Geography
FIG. 7 Market Competition Analysis, by Key Players, 2016 (Value %)
FIG. 8 Global DC Traction Systems Market, 2015 – 2025 (US$ Mn)
FIG. 9 Global AC Traction Systems Market, 2015 – 2025 (US$ Mn)
FIG. 10 Global Multi Traction Systems Market, 2015 – 2025 (US$ Mn)
FIG. 11 Global Traction Transformers Market, 2015 – 2025 (US$ Mn)
FIG. 12 Global Traction Motors Market, 2015 – 2025 (US$ Mn)
FIG. 13 Global Traction Converters Market, 2015 – 2025 (US$ Mn)
Based on the type of system deployed, the global traction equipment market is studied for the following segments:
Among the considered system units, multi systems are the most prominently used railway traction systems. 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. However, such switching stations have highly sophisticated components that are expensive for both installation and maintenance. Due to this, railway systems worldwide are rapidly adopting multi-system units that can operate at several voltage ranges. The adoption of multi systems is the highest in Europe where two, three or four system locomotives are commonly used for cross-frontier freight. Installation of multi systems has enabled passing from one electrification system to another without stoppage and at lower costs.
Based on type of components used, the global traction equipment market is segmented as follows:
The overall trends in the traction equipment market are majorly driven by evolving technologies and the market is fragmented in nature. The degree of competition in this market is chiefly determined offering cost effective and high efficiency solutions for long-term sustenance. Overall, the demand for traction equipment is anticipated to be the highest in emerging economies of Asia Pacific, Latin America and Middle East and Africa, where intensive investment and funding are being siphoned for upgrading transportation infrastructure. Among the considered equipment type, traction motors dominate the overall market with a revenue share of over 75% in 2016. These equipment are widely used in both electric and diesel locomotives and are often customized as per the unique locomotive requirements. Furthermore, traction transformers and convertors are widely used across electric units and traction substations and the demand for these components is anticipated to further escalate in the light of upgrades and electrification of railway lines worldwide.
Geographically, the global traction equipment market is cumulative to North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
With an approximate revenue share of 40% in 2016, Asia Pacific is the largest market for traction equipment. Asia Pacific market is anticipate to retain its dominance through the forecast period and present lucrative expansion opportunities for solution providers. This market is majorly driven by growing government funding for upgrade and expansion of railway infrastructure in the emerging economies in the region. Building of transcontinental cargo in China to enhance trade opportunities with Europe is one such opportunistic example. Total electrification of railways in countries such as India and expansion of light transit system in Australia will present further investment opportunities for the global players in Asia Pacific market. On the other hand, Europe is the oldest and matured market for traction equipment. With constant upgrading of continental transit systems and current prevalence of multi voltage systems in the region, the demand for multi systems is anticipated to drive the Europe traction equipment market through the forecast period.
The detailed regional classification of the traction equipment market is as follows:
