"The railway propulsion system is expected to experience a significant growth rate of 4.5% from 2023-2032 owing to the growing use of public transport services as a solution to minimize traffic congestion." - Allied Market Research.

There is a greater emphasis on the development and expansion of urban rail networks owing to the increase in urbanization and population growth in various cities across the globe. This has led to increased demand for railway propulsion systems to power new metro and light rail lines. Moreover, the high-speed railway network is experiencing significant growth. For instance, according to Krzysztof Maminski, the UIC Chairman, the high-speed railway network is developing very dynamically. Over the span of just two years, from 2020 to 2022, the total length of high-speed rail tracks has surged from 44,000 km to approximately 59,000 km, representing an impressive increase of over one-third. Therefore, the expansion of high-speed rail across the globe drives the need for advanced propulsion systems capable of high speeds and efficient energy consumption. Moreover, the global trend of transitioning railways from diesel-powered to electric-powered systems has been driven by the aim to reduce emissions and enhance energy efficiency. Therefore, there is increased demand for electric propulsion systems in the railway industry.
The railway propulsion system market is segmented on the basis of type, application, end user, and region. By type, it is categorized into diesel, diesel-electric, and electric locomotive. By application, the market is classified into locomotive, metro, monorail, trams, and others. By end user, it is bifurcated into passenger transit, and cargo transit. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading companies profiled in the report include CRRC Corporation Limited, Hitachi, Ltd., Mitsubishi Corporation, Siemens, Toshiba Corporation, Alstom, Medcom, Titagarh Rail Systems Limited, ABB, and Fuji Electric Co., Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the railway propulsion system market analysis from 2022 to 2032 to identify the prevailing railway propulsion system market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the railway propulsion system market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global railway propulsion system market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Diesel
- Diesel-Electric
- Electric
By Application
- Locomotive
- Metro
- Monorail
- Trams
- Others
By End User
- Passenger Transit
- Cargo Transit
By Region
- North America
- Europe
- Germany
- Spain
- Italy
- France
- Russia
- UK
- Netherlands
- Norway
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Philippines
- Indonesia
- Viet Nam
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Toshiba Corporation
- Mitsubishi Corporation
- ABB
- Hitachi, Ltd.
- Siemens
- CRRC Corporation Limited
- Alstom
- Medcom
- Titagarh Rail Systems Limited
- Fuji Electric Co., Ltd.