Fresh Investments In Railcar Modernization To Give Demand For Railway Traction Motors In North America An Impetus
The railway traction motors market in North America is consolidated to a certain degree, with the five leading players collectively accounting for a share of over 55% in 2015. These players are ABB Ltd., Bombardier Inc., Mitsubishi Electric Corporation, Alstom S.A., and Siemens A.G. Transparency Market Research states that considering the current trends in the railway traction motors market in North America, the market shares of some of the key players are likely to undergo significant moderations during the course of the forecast period. “In order to retain their lead position in the market and gain a larger share, companies have been focusing on a number of strategies, including investment in research and development, enhancing product offerings, expansion of sales and marketing networks, acquisitions, emphasizing on emerging markets, and synchronizing with upcoming technologies and companies,” the author of the study observes. The opportunity in the North Am...