Global Traction Equipment Market Analysis and Forecast, 2022-2028
The global Traction Equipment Market is expected to grow at a CAGR of 2.6% over the forecast period of 2022-2028.
Market Scope & Overview
The global Traction Equipment Market study comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the global market for the historical period of 2019-2021 and the forecast period of 2022-2028 based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period. practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.
The global Traction Equipment Market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period. The market study also covers the pricing analysis of each product based on its types and regions.
The global Traction Equipment Market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.
State of Global Economy, COVID-19 Outbreak, and the Russo-Ukraine War Impact
The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdue growth, while other countries continued to grapple with economic slowdowns. Also, intensifying tension between the US and Iran along with the tightening sanctions on Venezuela by the US further hampered global economic growth in 2019. Moreover, the heightened trade war between the US and China and the rising trade uncertainty continued to exert adverse effects on the global economy. Amid all these, the COVID-19 outbreak at the end of the year 2019 in Wuhan, China further deteriorated global economic growth.
The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, UK, Germany, India, Japan, South Korea, the UK, and many others. Many of these countries had announced partial or complete nationwide lockdowns. The governments of several nations have called on people to shelter in place at home, travel restrictions, shut down local businesses, and prohibited social gatherings.
The rapid spread of the virus in the early month of 2020 followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.
Key Market Segmentation and Companies
has segmented the global Traction Equipment Market based on type, application, and region.
• By Type
o Traction Transformers
o Traction Converters
o Traction Motors and Generators
• By Application
o Industrial Equipment
o Electrical Vehicles
• By Region
o North America
o Latin America
• Rest of Latin America
o Western Europe
• Rest of Western Europe
o Eastern Europe
• Rest of Eastern Europe
o Asia Pacific
• South Korea
• ASEAN (Indonesia, Vietnam, Malaysia, etc.)
• Rest of Asia Pacific
o Middle East & Africa
• South Africa
• Rest of the Middle East & Africa
Leading Companies and Market Players
• ABB Ltd
• Alstom SA
• American Traction Systems
• Bombardier Inc.
• Caterpillar Inc.
• Crompton Greaves Limited
• Siemens AG
• General Electric Company
• Kawasaki Heavy Industries Ltd
• Mitsubishi Electric Corporation
• VEM Group
• Toshiba International Corporation
Global Traction Equipment Market Analysis and Forecast 2019-2028 Table of Contents 1. Market Introduction 1.1. Scope of Study 1.2. Problem Statement 1.3. Market Segmentation 2. Assumptions and Acronyms 3. Executive Summary 3.1. Global Market in 2022 3.2. Analyst Insights & Recommendations 3.3. Growth Opportunities and Key Strategies 3.4. Supply-side and Demand-side Trends 4. Research Methodology 5. Analysis of COVID-19 Impact and Road Ahead 6. Market Indicators and Background 6.1. Macro-Economic Factors 6.2. Forecasting Factors 6.3. Supply Chain & Value Chain Analysis 6.4. Industry SWOT Analysis 6.5. PESTLE Analysis 6.6. Porter's Five Forces Analysis 7. Government Laws and Industry Regulations 8. Global and Regional Market Dynamics 8.1. Drivers 8.2. Restraints 8.3. Trends 8.4. Opportunities 9. Application Analysis 10. Parent Market Overview: Global Machinery & Equipment Market 11. Segmental Analysis 11.1. Global Traction Equipment Market by Type 11.1.1. Segment Overview 18.104.22.168. Traction Transformers 22.214.171.124. Traction Converters 126.96.36.199. Traction Motors and Generators 188.8.131.52. Others 11.2. Global Traction Equipment Market by Application 11.2.1. Segment Overview 184.108.40.206. Railways 220.127.116.11. Marine 18.104.22.168. Industrial Equipment 22.214.171.124. Electrical Vehicles 126.96.36.199. Others 11.3. Global Traction Equipment Market by Region 11.3.1. North America 11.3.2. Latin America 11.3.3. Western Europe 11.3.4. Eastern Europe 11.3.5. Asia Pacific 11.3.6. Middle East & Africa 12. Regional Analysis 12.1. North America Traction Equipment Market Analysis and Forecast 2019-2028 12.1.1. Regional Market Overview and Key Takeaways 12.1.2. North America Traction Equipment Market by Type 12.1.3. North America Traction Equipment Market by Application 12.1.4. North America Traction Equipment Market by Country 188.8.131.52. US 184.108.40.206. Canada 12.2. Latin America Traction Equipment Market Analysis and Forecast 2019-2028 12.2.1. Regional Market Overview and Key Takeaways 12.2.2. Latin America Traction Equipment Market by Type 12.2.3. Latin America Traction Equipment Market by Application 12.2.4. Latin America Traction Equipment Market by Country 220.127.116.11. Brazil 18.104.22.168. Mexico 22.214.171.124. Rest of Latin America 12.3. Western Europe Traction Equipment Market Analysis and Forecast 2019-2028 12.3.1. Regional Market Overview and Key Takeaways 12.3.2. Western Europe Traction Equipment Market by Type 12.3.3. Western Europe Traction Equipment Market by Application 12.3.4. Western Europe Traction Equipment Market by Country 126.96.36.199. Germany 188.8.131.52. UK 184.108.40.206. France 220.127.116.11. Spain 18.104.22.168. Italy 22.214.171.124. Benelux 126.96.36.199. Nordic 188.8.131.52. Rest of Western Europe 12.4. Eastern Europe Traction Equipment Market Analysis and Forecast 2019-2028 12.4.1. Regional Market Overview and Key Takeaways 12.4.2. Eastern Europe Traction Equipment Market by Type 12.4.3. Eastern Europe Traction Equipment Market by Application 12.4.4. Eastern Europe Traction Equipment Market by Country 184.108.40.206. Russia 220.127.116.11. Poland 18.104.22.168. Rest of Eastern Europe 12.5. Asia Pacific Traction Equipment Market Analysis and Forecast 2019-2028 12.5.1. Regional Market Overview and Key Takeaways 12.5.2. Asia Pacific Traction Equipment Market by Type 12.5.3. Asia Pacific Traction Equipment Market by Application 12.5.4. Asia Pacific Traction Equipment Market by Country 22.214.171.124. China 126.96.36.199. Japan 188.8.131.52. India 184.108.40.206. South Korea 220.127.116.11. Australia 18.104.22.168. ASEAN 22.214.171.124. Rest of Asia-Pacific 12.6. Middle East & Africa Traction Equipment Market Analysis and Forecast 2019-2028 12.6.1. Regional Market Overview and Key Takeaways 12.6.2. Middle East & Africa Traction Equipment Market by Type 12.6.3. Middle East & Africa Traction Equipment Market by Application 12.6.4. Middle East & Africa Traction Equipment Market by Country 126.96.36.199. GCC 188.8.131.52. South Africa 184.108.40.206. Turkey 220.127.116.11. Rest of the Middle East & Africa 13. Competitive Landscape 13.1. Competition Dashboard 13.1.1. Global and Regional Market Share Analysis 13.1.2. Market Structure 13.2. Competitive Benchmarking 13.3. Key Strategy Analysis 13.4. Company Profiles 13.4.1. ABB Ltd 18.104.22.168. Company Overview 22.214.171.124. Product/Service Offerings 126.96.36.199. Financials 188.8.131.52. Recent Developments 13.4.2. Alstom SA 184.108.40.206. Company Overview 220.127.116.11. Product/Service Offerings 18.104.22.168. Financials 22.214.171.124. Recent Developments 13.4.3. American Traction Systems 126.96.36.199. Company Overview 188.8.131.52. Product/Service Offerings 184.108.40.206. Key Financials 220.127.116.11. Recent Developments 13.4.4. Bombardier Inc. 18.104.22.168. Company Overview 22.214.171.124. Product/Service Offerings 126.96.36.199. Key Financials 188.8.131.52. Recent Developments 13.4.5. Caterpillar Inc. 184.108.40.206. Company Overview 220.127.116.11. Product/Service Offerings 18.104.22.168. Financials 22.214.171.124. Recent Developments 13.4.6. Crompton Greaves Limited 126.96.36.199. Company Overview 188.8.131.52. Product/Service Offerings 184.108.40.206. Financials 220.127.116.11. Recent Developments 13.4.7. Siemens AG 18.104.22.168. Company Overview 22.214.171.124. Product/Service Offerings 126.96.36.199. Financials 188.8.131.52. Recent Developments 13.4.8. General Electric Company 184.108.40.206. Company Overview 220.127.116.11. Product/Service Offerings 18.104.22.168. Financials 22.214.171.124. Recent Developments 13.4.9. Kawasaki Heavy Industries Ltd 126.96.36.199. Company Overview 188.8.131.52. Product/Service Offerings 184.108.40.206. Financials 220.127.116.11. Recent Developments 13.4.10. Mitsubishi Electric Corporation 18.104.22.168. Company Overview 22.214.171.124. Product/Service Offerings 126.96.36.199. Financials 188.8.131.52. Recent Developments 13.4.11. VEM Group 184.108.40.206. Company Overview 220.127.116.11. Product/Service Offerings 18.104.22.168. Financials 22.214.171.124. Recent Developments 13.4.12. Toshiba International Corporation 126.96.36.199. Company Overview 188.8.131.52. Product/Service Offerings 184.108.40.206. Financials 220.127.116.11. Recent Developments A comprehensive list of Traction Equipment brands/manufacturers by country will be provided along with geographical reach, employee count, revenue, product capacities, and their capabilities. 14. Disclaimer
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