Research Report Traction Equipment Market 2016 - 2024 Nov 2016 | страница 2

Traction Equipment Market

REPORT DESCRIPTION

Traction Equipment Market - Global Industry Analysis, Size, Share, Growth Trends, and
Forecast 2016 - 2024
ABB Ltd. is the clear leader in an otherwise fragmented traction equipment market. The company
accounted for nearly a quarter of the market in 2014 and has a strong presence in the Americas, Europe,
and RoW. The global traction equipment market is immensely capital-intensive and technology-driven and
Transparency Market Research believes that technological advancements and brand creation are the best
options for players to enhance their market share.
Browse Report with Full TOC at : http://www.transparencymarketresearch.com/traction-equipmentmarket.html
Other players operating in the traction equipment market include Siemens AG, Crompton Greaves Limited,
Mitsubishi Electric Corporation, Alstom SA, General Electric Company, Bombardier Inc., American Traction
Systems, VEM Group, Toshiba International Corporation, Caterpillar Inc., TTM Rail - Transtech Melbourne Pty
Ltd., and Kawasaki Heavy Industries, Ltd.
A number of emerging economies in Asia Pacific present lucrative options for players in the traction
equipment market and several companies have been capitalizing on this opportunity in the recent past,”
the lead author of the study states.
A case in point would be Alstom SA, which has strengthened its footprint in China’s blossoming railway
sector. Under the joint venture Shanghai Alstom Transport Electrical Equipment Co. Ltd, the company has
supplied traction equipment not just for the Shanghai metro line but also the Nanjing metro line since
2014.
Development and Expansion of Railway Networks Sole Driving Force
“The global market for traction equipment is entirely dependent on the growth of the railway sector and
investments in railways networks globally will impact the demand for traction equipment,” a lead analyst
at TMR states. The surge in investments, the development and expansion of railway networks in countries
such as the U.S., India, China, South Africa, and Spain, and the increase in favorable policies and
regulations to curb emissions from transportation are the factors that have driven the demand for traction
equipment thus far.
However, TMR predicts that the global market will witness a rather slow growth in demand over the course
of the forecast period. This is mainly due to the fact that the manufacturing and delivery time in this
market is quite high and compared to the automobile sector the unit-wise shipment in the railway sector is
exceptionally low. “Off-the-shelf sales are rare, as are replacement requests,” the analyst reports. This
limits the demand for traction equipment.
Asia Pacific Surges Ahead in Demand for Traction Equipment

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