USD 7.15 Billion
Report ID:
SQMIG20I2311 |
Region:
Global |
Published Date: February, 2025
Pages:
199
|Tables:
64
|Figures:
70
Global Railway Traction Motor Market size was valued at USD 7.15 Billion in 2023 and is poised to grow from USD 7.4 Billion in 2024 to USD 9.71 Billion by 2032, growing at a CAGR of 3.46% in the forecast period (2025-2032).
Railway traction motors have a sealed structure that helps in preventing dust penetration, require less maintenance and have better accessory devices, such as cooling fans to reduce noise. Railway traction motors are extremely reliable because the stator is integrated using high-frequency heating. As a result, these motors are extensively used in electric, diesel-electric locomotives, and electric multiple units (EMUs) all over the world. Due to their great weight and lengthy service life, railway coaches need engines that are strong, durable, and capable of sustaining significant mechanical force. Furthermore, railway traction motors offer the necessary power required for the proper operation of the railway coach.
In recent times, there is an increase in the expansion of the railway network globally, which is helping in the transportation of products and commodities across longer distances than roadways. This is one of the important reasons boosting the demand for railway traction motors. Traction motors have several advantages, such as a small design, high power efficiency, and long life. These benefits along with various measures taken by governments of various nations to promote the use of electric motors, is encouraging the growth of the railway traction motors market. Moreover, the electrification of railway networks and the transformation of traditional diesel locomotives to electric locomotives are increasing, leading to the railway traction motor market growth.
Market snapshot - (2025-2032)
Global Market Size
USD 7.15 Billion
Largest Segment
AC
Fastest Growth
DC
Growth Rate
3.46% CAGR
To get more reports on the above market click here to Buy The Report
The global railway traction motor market is segmented into type, application, and region. Based on type, the market is segmented into AC, DC, and synchronous AC motors. Based on application, the market is segmented into diesel locomotives, diesel-electric locomotives, electric locomotives, and electric multiple units (EMUs). Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Analysis by Type
Based on type, the AC segment is dominating with the largest railway traction motor market share. AC motors segment is dominating in the market because of their efficiency and scalability advantages over DC motors. AC motors provide improved speed regulation under varying load conditions as compared to DC motors. The ability of AC motors to efficiently operate at multiple speed ranges using variable frequency drives makes them highly scalable, depending on the power needs of the application. This flexibility allows AC motors to be used across diverse industries such as railways, industrial machinery, mining and construction equipment. The independent controllability of torque and speed in AC motors also provides more optimized propulsion control in comparison with DC motors. This precise controllability is essential for advanced traction applications, particularly those with frequent start-stop cycles and regenerative braking capabilities.
The DC segment is expected to witness significant growth during the forecast period. DC traction motors are a staple of the electric traction drives on electric and diesel-electric locomotives, street cars/trams, and diesel-electric drilling rigs. The DC traction has two components, the rotating armature and fixed field windings, which are mounted around the rotating armature's shaft. DC traction motors are available in series-wound or parallel (shunt) configurations, both of which operate on a direct current supply. Depending on the use and requirements of traction motors, the torque is manually controlled by an operator or automatically through a relay system. Additionally, in DC motors, the initial phase of current flow generates the most torque, which is particularly beneficial for applications requiring frequent start-stop operations, such as in industrial machinery or certain railway traction systems.
Analysis by Application
Based on application, the diesel locomotive system segment is dominating the railway traction motor market. Diesel engines are valued for their efficiency and high power output, making them ideal for locomotives designed to pull heavy loads. In comparison with gasoline engines, they depend on spark plugs for ignition, diesel engines utilize compression ignition. They compress air to a high pressure and temperature, then inject diesel fuel. This high-pressure environment causes the fuel to ignite spontaneously. The diesel locomotives engine serves as the prime mover. It generates the mechanical power necessary to drive the generator or alternator. Many modern locomotives use turbocharged diesel engines to enhance efficiency and power output. These turbocharged engines can generate substantial power, often in the range of several thousand horsepower.
As per the railway traction motor market analysis, the diesel-electric locomotive segment is expected to be the fastest growing segment. Diesel-electric locomotives provide immense benefits over conventional steam locomotives, like improved efficiency due to optimal fuel usage and minimized energy loss. They are more dependable due to the separation of power generation and transmission, which minimizes mechanical failures. With less mechanical parts, they also require less maintenance and are more affordable. Furthermore, they are versatile and adaptable due to which they perform better in various settings and conditions. The latest models are more eco-friendly and have technologies for minimizing emissions. The adoption of diesel-electric locomotives is increasing due to their precise speed and torque control, efficient braking, and smooth handling contributing to their popularity in rail transport.
To get detailed analysis on other segments, Request For Free Sample Report
Asia Pacific dominates the railway traction motor market, holding the largest market share. This region leads the market due to rising urbanization, increasing per capita income, and favorable government policies for electric vehicles. Moreover, continuous developments in transportation infrastructure, including HEVs, railway connections, high-speed bullet trains, and metro rail systems, are also contributing to the market's growth. Furthermore, the rising demand for narrow gauges and industrial railway rolling stock, along with electric, hybrid, and diesel-electric locomotives, is contributing to the growth of the electric traction motors market in the Asia-Pacific region. Countries like China and India are key markets for electric traction motors in the region, mainly due to the presence of several market leaders and high expenditure on R&D.
North America is anticipated to witness the fastest growth during the railway traction motor market forecast period. The market in North America is growing rapidly because of increasing adoption of electric locomotives and diesel-electric locomotives. The market is also growing due to increasing investment in railways by the key automotive companies implementing regulations for using eco-friendly motors and growing end-use industries. Furthermore, countries like the U.S. are contributing to most of the revenue to the regional market. This is because of the presence of key industry players, surging adoption of electric vehicles, and high spending power of people in the country.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Growing Popularity of Electric Locomotives
Improved Performance of Traction Motors
Restraints
High Expense of Initial Development
Lack of Charging Infrastructure
Request Free Customization of this report to help us to meet your business objectives.
The railway traction motor industry is characterized by a diversified, competitive landscape that is influenced by numerous industry players, technological advancements, and shifting consumer demands. As the railway sector continues to grow with an increasing emphasis on electrification and sustainability, traction motors have become vital components for improving efficiency and performance in rail systems. Companies in this market are racing to innovate, develop lighter and more durable traction motors, and integrate smart technologies. Competitive dynamics are shaped by factors such as technological advancements, regulatory frameworks, and the need for environmentally friendly solutions.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the railway traction motor industry is witnessing a steady growth. Increasing incorporation of traction motors in railway engines, and the advantages such as lower emission, easy maintenance and lighter weight, are among the primary factors supplementing the growth. Moreover, increase in R&D, reduction in loss in performance, and rising budget for the development of railways are the key factors that are boosting the adoption of railway traction motors. Companies like ABB GROUP, Alstom, Bombardier, Siemens Mitsubishi Electric Corporation, some of the prominent manufacturers of railway traction motors are investing heavily in advancing the growth of the market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 7.15 Billion |
Market size value in 2032 | USD 9.71 Billion |
Growth Rate | 3.46% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Railway Traction Motor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Railway Traction Motor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Railway Traction Motor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Railway Traction Motor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG20I2311
[email protected]
USA +1 351-333-4748