Technavio, a tech-focused market research firm, has published a new report on the global diesel locomotive engines market, which is expected to grow at a CAGR of close to 3% during the forecast period 2016-2020.
Based on geographical segmentation, Technavio market researchers categorize the global diesel locomotive engines market into the following key regions: the Americas, APAC, and EMEA.
Click here to request a free sample of this report
Diesel locomotive engine market in EMEA: The growing movement of manufacturing companies toward Eastern Europe will lead to the growth of the market in this region. This shift by manufacturing facilities will lead to an increase in the number of freight rail services being operated in those regions. The increasing production of automotive in the region will also promote the use of diesel locomotive engines in the market during the forecast period.
According to Praveen Kumar, a lead analyst at Technavio, specializing in research on powertrain, “Freight rails in the region are used to transport heavy raw materials like steel to different manufacturing sites, which, in turn, will drive the diesel locomotive engine market in EMEA. The government in the region is also taking initiatives to reduce carbon emission and promote sustainable development in the market during the forecast period.”
Diesel locomotive engine market in APAC: The growth of the transporting freight industry in China is helping in the development of the APAC market. The vendors in the region are investing in the development of high-speed railway engines and magnetic-levitation trains, which will have a positive growth on the diesel locomotive engines market in the region.
Diesel locomotive engine market in the Americas: The implementation of stringent rail emission norms formulated by the United States Environmental Protection Agency (USEPA) and the Californian Air Resources Board is encouraging vendors to introduce fuel-efficient engines in the American market. The manufacturers are investing in research and development to launch engines that are fuel-efficient; such initiatives will help in the evolution of the American market.
Ask an analyst to know more about this report
The top vendors operating in the global diesel locomotive engines market are:
- General Electric
- Caterpillar
- China CNR
Other prominent vendors in the market include Alstom, Bombardier, and Siemens.
A more detailed analysis is available in the Technavio report titled, ‘Global Diesel Locomotive Engines Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Battery Market for Railways 2016-2020
- Global Rolling Stock Market 2016-2020
- Global Diesel Engine Market 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
