The global mainline electric multiple unit (EMU) market is expected to witness significant growth in the coming years. Electric multiple units are electric trains that consist of several carriages, which are powered by electric motors. They are typically used for passenger transport on urban, suburban, and intercity rail lines. Mainline electric multiple units are used primarily for intercity rail travel, as they have the ability to reach high speeds and provide comfortable travel for passengers.
The market for mainline electric multiple units is expected to grow at a compound annual growth rate (CAGR) of XX% between 2021 and 2026. The market size is expected to reach USD XX billion by 2026, up from USD XX billion in 2021. The growth of the market can be attributed to several factors, including the growing demand for sustainable transportation options, government initiatives to promote the adoption of electric vehicles, and the increasing need for faster and more efficient transportation.
Mainline electric multiple units are electric trains that are primarily used for intercity travel. They are composed of several carriages, which are powered by electric motors. The trains can be configured to meet the specific needs of different rail operators, and can range from two to twelve carriages in length. Mainline electric multiple units are designed to operate at high speeds, with some models capable of reaching speeds of up to 250 km/h.
Executive Summary:
The global mainline electric multiple unit market is expected to witness significant growth in the coming years due to several factors, such as the increasing demand for energy-efficient modes of transportation, growing concerns about environmental pollution, and the need to reduce carbon emissions. The market is driven by the growing investments in the development of high-speed rail networks and the increasing demand for sustainable transportation options. The market is also expected to face challenges due to the high initial cost of investment and the lack of infrastructure in some regions.
Important Note: The companies listed in the image above are for reference only. The final study will cover 18โ20 key players in this market, and the list can be adjusted based on our clientโs requirements.
Key Market Insights:
The key insights into the mainline electric multiple unit market include:
- The market is expected to grow significantly in the coming years due to the increasing demand for sustainable modes of transportation.
- The market is driven by the growing investments in the development of high-speed rail networks and the increasing demand for energy-efficient transportation options.
- The market is expected to face challenges due to the high initial cost of investment and the lack of infrastructure in some regions.
- Asia-Pacific is expected to be the largest market for mainline electric multiple units due to the increasing demand for high-speed rail networks in the region.
- Key players in the market include Alstom SA, Siemens AG, Bombardier Transportation, CRRC Corporation Limited, and Hitachi Ltd.
Market Drivers:
The market for mainline electric multiple units is driven by several factors, including:
- The increasing demand for sustainable modes of transportation
- Growing concerns about environmental pollution and the need to reduce carbon emissions
- The growing investments in the development of high-speed rail networks
- The increasing demand for energy-efficient transportation options
Market Restraints:
Despite the growing demand for mainline electric multiple units, the market is expected to face several challenges in the coming years, including:
- The high initial cost of investment
- The lack of infrastructure in some regions
- The limited availability of skilled labor and technical expertise
Market Opportunities:
The mainline electric multiple unit market is expected to offer several opportunities for growth and development in the coming years, including:
- The increasing demand for sustainable transportation options
- The growing investments in the development of high-speed rail networks
- The increasing focus on reducing carbon emissions and promoting eco-friendly modes of transportation
Market Dynamics:
The mainline electric multiple unit market is expected to witness significant growth in the coming years due to several factors, such as the increasing demand for sustainable modes of transportation, growing concerns about environmental pollution, and the need to reduce carbon emissions. The market is also expected to face several challenges, including the high initial cost of investment and the lack of infrastructure in some regions.
Regional Analysis:
The mainline electric multiple unit market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia-Pacific is expected to be the largest market for mainline electric multiple units due to the increasing demand for high-speed rail networks in the region. China, Japan, and India are the major markets for mainline electric multiple units in the Asia-Pacific region.
The European market for mainline electric multiple units is also expected to witness significant growth in the coming years due to the increasing focus on reducing carbon emissions and promoting eco-friendly modes of transportation. The North American market is also expected to grow due to the increasing investments in the development of high-speed rail networks in the region.
Competitive Landscape:
Leading companies in the Global Mainline Electric Multiple Unit (MEMU) Market:
- Alstom SA
- Bombardier Transportation
- Siemens AG
- CRRC Corporation Limited
- Hitachi, Ltd.
- Kawasaki Heavy Industries, Ltd.
- Stadler Rail AG
- Hyundai Rotem Company
- Talgo S.A.
- Construcciones y Auxiliar de Ferrocarriles (CAF) S.A.
Please note: This is a preliminary list; the final study will feature 18โ20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.
Segmentation:
The mainline electric multiple unit market is segmented on the basis of type, power supply, and region. Based on type, the market is segmented into single deck and double deck. On the basis of power supply, the market is segmented into overhead lines, third rail, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Category-wise Insights:
Based on category, the mainline electric multiple unit market is segmented into rolling stock, service, and system integration. The rolling stock segment is expected to dominate the market during the forecast period due to the increasing investments in the development of high-speed rail networks and the growing demand for energy-efficient modes of transportation.
Key Benefits for Industry Participants and Stakeholders:
The key benefits for industry participants and stakeholders in the mainline electric multiple unit market include:
- The growing demand for sustainable modes of transportation
- The increasing investments in the development of high-speed rail networks
- The increasing focus on reducing carbon emissions and promoting eco-friendly modes of transportation
- The opportunity to develop innovative and advanced mainline electric multiple units that offer improved energy efficiency and reduced carbon emissions
SWOT Analysis:
The SWOT analysis of the mainline electric multiple unit market includes:
Strengths:
- The growing demand for sustainable modes of transportation
- The increasing investments in the development of high-speed rail networks
- The increasing focus on reducing carbon emissions and promoting eco-friendly modes of transportation
Weaknesses:
- The high initial cost of investment
- The lack of infrastructure in some regions
- The limited availability of skilled labor and technical expertise
Opportunities:
- The increasing demand for sustainable transportation options
- The growing investments in the development of high-speed rail networks
- The increasing focus on reducing carbon emissions and promoting eco-friendly modes of transportation
Threats:
- Intense competition from established players in the market
- Changes in government policies and regulations
- Economic instability and political unrest in different regions
Market Key Trends:
Some of the key trends in the mainline electric multiple unit market include:
- Increasing investments in the development of high-speed rail networks
- Growing demand for energy-efficient and eco-friendly modes of transportation
- Development of advanced and innovative mainline electric multiple units
- Increasing focus on reducing carbon emissions and promoting sustainable transportation options
Covid-19 Impact:
The Covid-19 pandemic has had a significant impact on the mainline electric multiple unit market, as it has disrupted the supply chain and led to a decline in demand for transportation services. However, the market is expected to recover in the coming years, as governments around the world are investing heavily in the development of high-speed rail networks and promoting sustainable modes of transportation.
The pandemic has also accelerated the adoption of digital technologies and remote working, which is expected to drive the demand for sustainable transportation options in the coming years. The pandemic has also highlighted the importance of reducing carbon emissions and promoting eco-friendly modes of transportation, which is expected to further drive the growth of the mainline electric multiple unit market in the coming years.
Key Industry Developments:
Some of the key industry developments in the mainline electric multiple unit market include:
- In October 2020, Alstom SA and Bombardier Transportation announced the signing of a Memorandum of Understanding (MoU) to combine their rail businesses to create a global leader in the rail industry.
- In August 2020, CRRC Corporation Limited announced that it had delivered its first batch of mainline electric multiple units to the China Railway Corporation.
- In May 2019, Hitachi Ltd announced that it had successfully delivered the first of 12 new mainline electric multiple units for the East Coast Main Line in the UK.
Analyst Suggestions:
According to industry analysts, the mainline electric multiple unit market is expected to witness significant growth in the coming years due to the increasing demand for sustainable modes of transportation and the growing investments in the development of high-speed rail networks. The market is also expected to face several challenges, including the high initial cost of investment and the lack of infrastructure in some regions.
To capitalize on the opportunities in the market, industry players are advised to focus on developing innovative and advanced mainline electric multiple units that offer improved energy efficiency and reduced carbon emissions. They are also advised to invest in the development of high-speed rail networks in different regions to meet the growing demand for sustainable modes of transportation.
Future Outlook:
The future outlook for the mainline electric multiple unit market is positive, with the market expected to witness significant growth in the coming years. The market is driven by the increasing demand for sustainable modes of transportation, growing concerns about environmental pollution, and the need to reduce carbon emissions.
Governments around the world are investing heavily in the development of high-speed rail networks, which is expected to further drive the growth of the market. In addition, industry players are focusing on developing innovative and advanced mainline electric multiple units that offer improved energy efficiency and reduced carbon emissions.
Conclusion:
The global mainline electric multiple unit market is expected to witness significant growth in the coming years due to the increasing demand for sustainable modes of transportation and the growing investments in the development of high-speed rail networks. The market is driven by the need to reduce carbon emissions and promote eco-friendly modes of transportation.