LONDON--(BUSINESS WIRE)--Sep 11, 2018--The global railway propulsion systems market is expected to post a CAGR of close to 3% during the period 2018-2022, according to the latest market research report by .

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Technavio has published a new market research report on the global railway propulsion systems market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the cost-effectiveness of rail freight over other modes of transportation. There has been an increase in transportation and logistics activities in the recent years with the emergence of e-commerce trading. Since the cost of transport plays a significant role in the total price of the product, e-commerce companies have started preferring rail freight transport over other modes of transportation. Additionally, owing to technological developments in railway propulsion systems, railroads have become one of the most cost-effective options for freight transport.

This market research report on the provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the emergence of maglev trains as one of the upcoming trends in the global railway propulsion systems market:

Global railway propulsion systems market: Emergence of maglev trains

Technological developments have a significant impact on the propulsion systems of trains. This has resulted in the emergence of various technologies that will aid in increasing the speed of traveling along with improving safety and comfort. One of the most advanced technological developments in railway propulsion systems is the emergence of maglev trains.

“Japan is constructing a new high-speed railway line between Tokyo and Nagoya where the government has made plans to run maglev trains. Similarly, the Federal Railroad Administration of the US has also proposed the construction of maglev trains to run between Washington DC to Baltimore,” says a senior research analyst at Technavio for research on heavy industry.

Global railway propulsion systems market: Segmentation analysis

This market research report segments the global railway propulsion systems market by application (diesel locomotives and electric locomotives) and geography (the Americas, APAC, and EMEA).

The diesel locomotives segment held the largest market share in 2017, accounting for more than 98% of the market. This application segment is expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with more than 49% of the market share, followed by APAC and the Americas, respectively. The EMEA region is expected to dominate the market throughout the period 2018-2022.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

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PUB: 09/11/2018 03:44 PM/DISC: 09/11/2018 03:43 PM