Global Railway Traction Motor Market 2025-2029

Railway Traction Motor Market 2025-2029

The railway traction motor market is forecasted to grow by USD 2358.4 mn during 2024-2029, accelerating at a CAGR of 4.6% during the forecast period. The report on the railway traction motor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by railway infrastructure development in asian countries, increased demand for rail logistics due to rising trade activities, and introduction of new railway projects.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's railway traction motor market is segmented as below:

By Type

• DC motors
• AC motors
• Synchronous motors

By Application

• Electric locomotives
• Diesel locomotives
• Others

By Power Rating

• Less than 500 kW
• 500 to 1000 kW
• Greater than 1000 kW

By Geographical Landscape

• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the emergence of battery-electric locomotives as one of the prime reasons driving the railway traction motor market growth during the next few years. Also, adoption of iot in railway propulsion system monitoring and increased government funding and public-private partnerships (PPPs) will lead to sizable demand in the market.

The report on the railway traction motor market covers the following areas:

• Railway Traction Motor Market sizing
• Railway Traction Motor Market forecast
• Railway Traction Motor Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading railway traction motor market vendors that include ABB Ltd., ALSTOM SA, American Traction Systems, Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., CRRC Corp. Ltd., Hitachi Ltd., Hyundai Heavy Industries Group, Kirloskar Electric Co. Ltd., Medha Servo Drives Pvt. Ltd., Mitsubishi Electric Corp., PowerRail, Rotomac Electricals Pvt. Ltd., Saini Group, Sherwood Electromotion Inc., Siemens AG, Toshiba Corp., Traktionssysteme Austria GmbH, VEM GmbH, and Westinghouse Air Brake Technologies Corp.. Also, the railway traction motor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.