Traction Equipment Industry: Future Demand, Market Analysis & Outlook Traction Equipment Market - Global Industry Analys

Traction Equipment Market - Global Industry
Analysis, Size, Share, Growth Trends, and
Forecast 2016 - 2024
Demand for traction equipment is increasing globally. The major factor driving this
growth is increasing demand for efficient railway transportation. Due to the rapid
increase in freight and passenger traffic, countries around the world are trying to
develop and modernize their railway networks. Rising populations and growing
economies have created demand for mass transportation. Many countries, such as
China and Spain, are rapidly developing their high-speed rail networks. While
countries such as India and the U.S. focus on increasing the electrified lines in their
network, others, such as Brazil, Germany, and the U.K., are focusing on modernizing
their aging fleets. Traction systems are used to pull or draw vehicles (i.e., they act
as propulsion systems for trains). Hence with the increasing presence of locomotive
and electrified rail lines, the traction equipment market will also expand during the
forecast period. Asia Pacific occupied the largest share of the traction equipment
market in 2015, closely followed by Europe.
This 122 page report gives readers a comprehensive overview of the
Traction Equipment market Browse through 72 data tables and 49 figures
to unlock the hidden opportunities in this market.
http://www.transparencymarketresearch.com/traction-equipment-market.html
This report by Transparency Market Research analyzes, estimates, and forecasts
demand for traction equipment on the global and regional level for an eight-year
period from 2016 to 2024 in terms of volume and cumulative revenue. The study
also provides information on restraints, drivers, and opportunities along with their
impact on the overall market during the forecast period. The report segments the
market on the basis of equipment type and region and provides estimates and
forecast of the traction equipment market for each segment.
The study analyzes the product value chain, from raw material suppliers to end-
users. Additionally, it contains an evaluation of the market along the Porter’s Five
Forces model, which analyzes the degree of competition in the market by
considering factors such as the bargaining power of buyers and suppliers, threats
from substitute products and new entrants. The report also includes a market
attractiveness analysis for the traction equipment market on the basis of regions.
The report includes a detailed competitive landscape of the traction equipment