Railway Traction Motor Market Size, Share, Trends Analysis, Report 2023-2028

 Global Railway Traction Motor Market Overview 2023-2028 

IMARC Group, a leading market research company, has recently releases report titled “Railway Traction Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global railway traction motor market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global railway traction motor market size reached US$ 6.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

A vital element within the railway sector, the railway traction motor plays a crucial role in delivering the required driving force to propel trains and locomotives. Its primary function is to facilitate the movement of trains on the tracks, working in harmony with other components, including wheels and a gearbox, to transform electrical energy into mechanical power. Moreover, it plays a pivotal role in enhancing a train's overall performance and efficiency. As it contributes to the seamless and safe operation of trains over extended distances, the global demand for railway traction motors continues to rise.

Global Railway Traction Motor Market Trends and Drivers:


Currently, the surging need for efficient and environmentally friendly transportation solutions stands as a significant driver behind the market's expansion. Additionally, the escalating emphasis on modernizing railway infrastructure and electrifying railway networks is bolstering market growth. In addition to this, the increasing demand for robust and dependable traction motors that enhance performance, stability, and safety is having a positive impact on the market. Furthermore, the growing adoption of railway traction motors to ensure seamless acceleration, precise speed control, and reduced maintenance requirements is presenting lucrative growth prospects for industry stakeholders. Moreover, the proliferation of high-speed train projects worldwide is providing further support to market growth.

Global Railway Traction Motor Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: ABB Ltd, Alstom SA, CG Power and Industrial Solutions Limited (Murugappa Group), Hitachi Ltd., Hyundai Motor Company, Mitsubishi Electric Corporation, Saini Group, Siemens Aktiengesellschaft, Sulzer Ltd. and VEM Group.

The report segmented the market on the basis of region, type and application.

Breakup by Type:

  • DC Traction Motor
  • AC Traction Motor
  • Synchronous AC Traction Motor

Breakup by Application:

  • Diesel Locomotive
  • Electric Multiple Units
  • Electric Locomotives
  • Diesel-Electric Locomotives

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.

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Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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