1. Market Research
  2. > Transportation
  3. > Rail Transportation Market Trends
Railway Traction Motors Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Railway Traction Motors Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

  • September 2016
  • 76 pages
  • ID: 4239934
  • Format: PDF
  • Transparency Market Research


Table of Contents

The market for traction motors is growing at varied pace across different geographical regions. In North America, the market is currently expanding at a steady pace, majorly driven by demand from the U.S. and Canada. The market for traction motors in the region is expected to undergo significant transformation owing to increasing research and development for enhancement of railway systems in the region. Moreover, emphasis on improving performance, reducing operating expenditures, maintaining regulatory standards, and customer demand for comfort are impacting the market for railway traction motors in North America. The North America market for railway traction motors is highly consolidated, due to the presence of numerous domestic and international manufacturers. Competition in the market among manufacturers is intense and thus, the entrance of new players is not swift.

Traction motors are the most important component that primarily drives propulsion in road and rail vehicles. These electrical motors are categorized into three types: direct current (D.C.) traction motors, alternating current (A.C.) traction motors, and synchronous alternating current traction motors. Although the diesel locomotives are gradually shifting towards diesel – electric locomotives, the former still accounts for a significant share in North America. Owing to the continuous developments, the demand for traction motors, especially, A.C. traction motors is on a surge in the region. Urbanization coupled with technological developments is major drivers of the traction motors market in North America. Although railways in the region are majorly accounted for by freight rails, there has been a steady growth in passenger railways as well. In a bid to keep up with other geographical markets, especially Europe, North American infrastructure is expected to gradually shift more towards electrification of the railways, particularly for passenger rails. This shift is expected to boost the market for traction motors over the forecast period.

In railways, traction motors are used in various locomotives such as diesel, diesel-electric, electric and electrical multiple units (EMUs) among others. Conventionally, the key source of energy used in locomotives across North America is diesel. However, the U.S. Environmental Protection Agency (EPA) mandates to reduce pollution are compelling the rail industry to focus on alternate sources of energy such as electricity, liquefied petroleum gas, and hydrogen among others. The market for traction motors is expected to continue growing at a substantial pace over the period of forecast, following the ongoing changes in railway transportation technologies, growing investments in development of high speed railway corridors, emphasis on passenger rails, and intensifying competition among manufacturers.

The report includes, analysis of macro and micro economic factors driving and restraining the growth of the North America railway traction motors market. Moreover, the market attractiveness analysis provided in the report, highlights the major areas for future investments in the North America railway traction motors industry. Value chain analysis of the railway traction motors market in North America is also provided in the report to present a comprehensive idea of the different entities operating in the industry. The report is intended to help traction motor suppliers and original equipment manufacturers (OEMs) in understanding the current and upcoming opportunities in the North America railway traction motors market and formulating their business strategies accordingly. In addition, the report is expected to benefit the governments, railroad organizations and other buyer communities.

This study includes the profiles of the major players in the North America railway traction motors market and the different strategies adopted by them to enhance growth and sustain in the competition. Moreover, strength, weakness, opportunity and threats (SWOT) analysis for each company has been included under the research scope. The key participants in the North America railway traction motors market include ABB Ltd. Alstom S.A., Siemens AG, Bombardier Inc., Hynundai Rotem Company, Mitsubishi Electric Corporation, Skoda Transportation a.s., Hitachi Ltd., Sulzer Ltd. and VEM Sachsenwerk GmbH among others.

North America Railway Traction Motors Market, 2016 – 2024: By Type

Direct Current (D.C.) Traction Motors
Alternating Current (A.C.) Traction Motors
Synchronous Alternating Current (A.C.) Traction Motors

North America Railway Traction Motors Market, 2016 – 2024: By Application

Diesel Locomotives
Electric Multiple Units (EMUs)
Electric Locomotives
Diesel-Electric Locomotives

North America Railway Traction Motors Market, 2016 – 2024: By Geography

North America

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on