UK Locomotive Market

the u.k. locomotive market is forecast to show strong growth over the outlook period (2018-2032). this will be driven by improved infrastructure and rail network expansions initiatives, increasing industrialization and urbanization, and a sharp rise in passenger movement throughout the country. the growth rate also will be supported by the increased adoption of high speed rail networks and regular monitoring of traffic flow through automation. with the u.k. government set to expand its national rail network over the forecast period, it is expected the locomotive market will further receive a major boost. the u.k.’s department of transport (dft) has already laid out plans to build hundreds of new tracks and increase rail networks across the country. this is set to produce a substantial infrastructure development, which will significantly improve the operational capabilities of the u.k. rail system. to capitalize on this growing market, domestic and global manufacturer must be innovative in their manufacturing processes on locomotives. this includes the development of more efficient engines and components, ensuring government regulations and industry standards of security and reliability are met, and broadening the range of locomotives to include both diesel and electric powered models. manufacturers must also focus on future-proof technology such as cybersafety measures, machine learnings and predictive model development. in terms of domestic locomotive ownership, it is projected that the u.k. market share will increase from 11% in 2018 to 25% by 2032. this will be supported by several measures, such as the continuous improvement framework announced by the dft which seeks to strengthen collaboration between the industry and railway bodies to accelerate the development of new technologies in the railway system. the u.k. locomotive market is set to offer a wide range of opportunities in the forecast period as the country’s rail network expands to include new routes and new technologies are developed to enhance passenger movement. to benefit from this, manufacturers must focus on differentiating their products and services in terms of safety and reliability as well as developing innovative measures to remain abreast of the changing demands of passengers.