DMU And LOCO Market Size, Industry Share, Analysis & Forecast Report by Zion Market Research
According to Zion Market Research has published a new research report titled “DMU And LOCO Market By Type (Diesel Multiple Unit (DMU) And LOCO), By End-User (Freight Trains And Passenger Trains), By Application (Mid-Distance Trips, Long-Distance Trips, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global DMU and LOCO Market size & share in terms of revenue was valued at USD 6.27 billion in 2022 and it is expected to surpass around USD 8.39 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 3.74% during the forecast period 2023 to 2030.”
What is DMU and LOCO? How big is the DMU and LOCO Industry?
Report Overview:
The global DMU and LOCO market size was worth around USD 6.27 billion in 2022 and is predicted to grow to around USD 8.39 billion by 2030 with a compound annual growth rate (CAGR) of roughly 3.74% between 2023 and 2030.
Transportation vehicles such as diesel multiple units (DMUs) and locomotives (LOCOs) are essential to the development of the contemporary infrastructure. Multiple-unit trains are referred to as DMUs. It indicates that these vehicles are capable of propelling themselves and that they are composed of one or more carriages coupled one after the other, with a single driver operating the entire unit. Diesel multiple units (DMUs) have their own on-board diesel engines, so they do not require a separate locomotive to operate. Because of this, the engine is considered to be a component of either one or many carriages. The primary factor that determines how different types of DMUs are categorised is the means through which the motive power is transmitted to the wheels. For instance, in a diesel-mechanical multiple unit (DMMU), the energy is transmitted using a gearbox, whereas in a diesel-hydraulic unit, the energy is sent using a torque converter. Both of these mechanisms are employed for the same purpose. On the other hand, the locomotive is the component of the train that is in charge of supplying the train with motive power. It may be referred to as a multiple unit, a railcar, a motor coach, or a power car depending on whether or not it can convey a cargo. Passenger cars are often propelled by locomotives, which is a common practise. The industry for DMU and LOCO is an essential part of the worldwide infrastructure, and it is anticipated that it will expand at a consistent rate during the course of the aforementioned time period.
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Global DMU and LOCO Market: Growth Factors
Rapid urbanisation and the expansion of existing cities are expected to propel overall market growth.
In addition to the expansion of cities on a small or large scale, the rate of urbanisation that is occurring all over the world is predicted to be a primary factor driving growth in the global market for DMU and LOCO. As a consequence of these various circumstances, there is now an inescapable need to establish a transport corridor that links urban and rural areas. For example, the rate of urbanisation in India has increased by around 19% between the years of 2010 and 2021. Similar patterns can be seen all around the world. In addition, governments have increased their spending not just on the development of new urban areas, but also on the redevelopment of existing metropolitan areas with improved services and amenities for the inhabitants. As of August 2023, it was predicted that the governments of Africa, in conjunction with private corporations, will invest a total of USD 514 billion on new city development and land reclamation projects across the area. This is in response to the rapidly expanding urban population in the region. During this stage of the expected development, North Africa can end up in the driver's seat. Railroads are an essential component in determining the overall level of developed infrastructure in any given region. Not only is it useful to the population, but an effective and efficient rail network also draws foreign investments, which are crucial for the expansion of the economy. Because of this, government bodies have had to shell out more money to purchase more recent diesel multiple units (DMUs) and locomotives in order to maintain access to a transit route that utilises the railway.
This is made clear by the enormous stakes that are involved in the partnerships that are being formed to modernise rail infrastructure. RIVE Private Investment, Northrail, and Alstom came to an agreement in June 2023 over a framework contract that included a purchase of 50 multi-system TRAXX Universal locomotives as well as a maintenance package that lasted for 16 years. According to the official sources, the value of the contract is 370 million euros. Along the same lines, Siemens and the government of India came to an agreement that will allow the former to deploy and manage 1200 electric locomotives in the latter's country. The deal is valued at USD 3.25 billion. In addition, the contract stipulates a service duration of thirty-five years.
DMU and LOCO Market: Obstacles to Overcoming
Heavy reliance on diesel as a source of fuel, which inhibits market expansion
It is possible that the size of the worldwide DMU and LOCO market will be restricted as a result of the heavy dependence of DMUs on diesel as a fuel. It is an energy source that does not replenish itself, and the usage of it has significant negative effects on the ecosystem. According to the findings of a recent study conducted by the Energy Information Association (EIA) of the United States, the consumption of diesel fuel by the transportation industry in the United States in 2021 was anticipated to have been responsible for the emission of about 472 million metric tonnes of carbon dioxide. Because it is a greenhouse gas, it contributes to an increase in the average temperature of the planets' surfaces. In addition to that, the price of diesel fuel has been going up at a rate that has never been seen before in recent times. According to the official figures, diesel output has decreased by 180,000 barrels per day since 2019, which has led to an increase in costs.
The operation of locomotives, on the other hand, calls for a large network of railway infrastructure. However, many nations, such as less developed nations, may not have the supporting environments to establish such design, which further causes a dip in demand and the money that results from it.
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DMU and LOCO Market: Segmentation Analysis
The global market for DMU and LOCO is divided into submarkets depending on the kind of product, the end user, the application, and the geography.
Diesel multiple unit (DMU) and locomotive-drawn multiple unit (LOCO) are the categories of the global market that are based on type. The demand for both of these units is determined by a number of different factors. For example, diesel multiple units (DMUs) are utilised for passenger services, whilst locomotives are utilised mostly for the movement of goods. The demand for remote connectivity through rail medium is expected to increase, which will likely result in strong growth for both market sectors. This demand is a direct outcome of urbanisation. Additionally, goods transit is also developing as a result of expanding international trade relations and growing domestic demand for a variety of items as a direct result of the significantly growing population of consumers. Approximately 68,043 kilometres is the total route length that can be covered by India's railway system.
The DMU and LOCO industries are divided into the goods trains and passenger trains segments, respectively, based on the end-user.
Mid-distance travels, long-distance trips, and other types of journeys make up the application-based DMU and LOCO industry segments, respectively. The most common use for DMUs is in transportation over intermediate distances; nevertheless, these vehicles are best suited for transporting passengers over shorter distances. LOCOs see substantially more utilisation for freight transportation and travel over greater distances than other types of locomotives. In addition, they can be utilised to haul sleeper trains that transport passengers across a vast and intricate network of railroads. The price of a dual-mode locomotive can reach up to 18 crores of Indian rupees.
The global DMU and LOCO market is segmented as follows:
By Type
·???????? Diesel Multiple Unit (DMU)
·???????? LOCO
By End-User
·???????? Freight Trains
·???????? Passenger Trains
By Application
·???????? Mid-Distance Trips
·???????? Long-Distance Trips
·???????? Others
Browse the full?“DMU And LOCO Market By Type (Diesel Multiple Unit (DMU) And LOCO), By End-User (Freight Trains And Passenger Trains), By Application (Mid-Distance Trips, Long-Distance Trips, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030" Report At https://www.zionmarketresearch.com/report/dmu-and-loco-market
Competitive Landscape
Some of the main competitors dominating the global DMU and LOCO market include -?
?Key Insights from Primary Research:
·??????? According to the analysis shared by our research forecaster, the DMU and LOCO market is likely to expand at a CAGR of around 3.74% during the forecast period (2023-2030).??????????????????
·??????? In terms of revenue, the DMU and LOCO market size was valued at around US$ 6.27 billion in 2022 and is projected to reach US$ 8.39 billion by 2030.
·??????? The DMU and LOCO market is projected to grow at a significant rate due to the rampant urbanization and city development projects
·??????? Based on type segmentation, diesel multiple units segment was predicted to show maximum market share in the year 2022.
·??????? Based on application segmentation, mid-distance trips segment was the leading segment in 2022.
·??????? On the basis of region, Europe was the leading revenue generator in 2022.
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Key questions answered in this report:
·??????? What is the market size and growth rate forecast for DMU and LOCO industry?
·??????? What are the main driving factors propelling the DMU and LOCO Market forward?
·??????? What are the leading companies in the DMU and LOCO Industry?
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·??????? What segments does the DMU and LOCO Market cover?
·??????? How can I receive a free copy of the DMU and LOCO Market sample report and company profiles?
Key Offerings:
·??????? Market Size & Forecast by Revenue | 2023?2030
·??????? Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
·??????? Market Segmentation – A detailed analysis By Type, By End-User, By Application, and By Region
·??????? Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
Europe to register the highest growth rate in the near future
The global DMU and LOCO market is expected to generate the highest revenue in Europe due to the presence of an excellent and expansive rail network. The region has been a pioneer in developing rail infrastructure and almost all modern railway networks are inspired by the European systems. Until recently, Germany was the leading country with the highest number of railcars and locomotives. The number was close to 17000 units followed by the UK and France. The large number of DMU and LOCO producers along with their growing strategies to enter new markets and create international trade relations in emerging economies has helped them maintain their dominance in the global market. Moreover, the regional governments are constantly investing in connecting more areas using the rail network, further pushed by the surging rate of city development. Asia-Pacific is a huge market for DMU and LOCO with India acting as a leading consumer. Around 37% of India's railway network is fueled by diesel locomotives with around 5000 trains running every day.
By Region
·??????? North America
o?? U.S.
o?? Canada
o?? Rest of North America
·??????? Europe
o?? France
o?? UK
o?? Spain
o?? Germany
o?? Italy
o?? Rest of Europe
·??????? Asia Pacific
o?? China
o?? Japan
o?? India
o?? South Korea
o?? Rest of Asia Pacific
·??????? The Middle East & Africa
o?? Saudi Arabia
o?? South Africa
o?? Rest of the Middle East & Africa
·??????? Latin America
o?? Brazil
o?? Argentina
o?? Rest of Latin America
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