Global Locomotive Market Growth 2023-2029

A locomotive or engine is a rail transport vehicle that provides the motive power for a train.

LPI (LP Information)' newest research report, the “Locomotive Industry Forecast” looks at past sales and reviews total world Locomotive sales in 2022, providing a comprehensive analysis by region and market sector of projected Locomotive sales for 2023 through 2029. With Locomotive sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Locomotive industry.

This Insight Report provides a comprehensive analysis of the global Locomotive landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Locomotive portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Locomotive market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Locomotive and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Locomotive.

The global Locomotive market size is projected to grow from US$ 13270 million in 2022 to US$ 14990 million in 2029; it is expected to grow at a CAGR of 14990 from 2023 to 2029.

Global key players of Locomotive include Transmashholding, CRRC, etc. Global top 3 companies hold a share about 60%. Europe is the largest market, with a share about 60%, followed by Asia Pacific and North America with the share about 30% and 10%. In terms of product, Electric Locomotive is the largest segment, with a share about 70%. And in terms of application, the largest application is Freight Transport, with a share about 90%.

This report presents a comprehensive overview, market shares, and growth opportunities of Locomotive market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Electric Locomotive
    Diesel Locomotive

Segmentation by application
    Freight Transport
    Passenger Transport

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Transmashholding
    CRRC
    Alstom
    Wabtec
    Bombardier
    CLW
    BLW
    Siemens
    Hitachi
    Progress Rail
    Stadler Rail
    Hyundai Rotem

Key Questions Addressed in this Report
What is the 10-year outlook for the global Locomotive market?
What factors are driving Locomotive market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Locomotive market opportunities vary by end market size?
How does Locomotive break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. Locomotive Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. Locomotive Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of Electric Locomotive
    Table 4. Major Players of Diesel Locomotive
    Table 5. Global Locomotive Sales by Type (2018-2023) & (Units)
    Table 6. Global Locomotive Sales Market Share by Type (2018-2023)
    Table 7. Global Locomotive Revenue by Type (2018-2023) & ($ million)
    Table 8. Global Locomotive Revenue Market Share by Type (2018-2023)
    Table 9. Global Locomotive Sale Price by Type (2018-2023) & (M US$/Unit)
    Table 10. Global Locomotive Sales by Application (2018-2023) & (Units)
    Table 11. Global Locomotive Sales Market Share by Application (2018-2023)
    Table 12. Global Locomotive Revenue by Application (2018-2023)
    Table 13. Global Locomotive Revenue Market Share by Application (2018-2023)
    Table 14. Global Locomotive Sale Price by Application (2018-2023) & (M US$/Unit)
    Table 15. Global Locomotive Sales by Company (2018-2023) & (Units)
    Table 16. Global Locomotive Sales Market Share by Company (2018-2023)
    Table 17. Global Locomotive Revenue by Company (2018-2023) ($ Millions)
    Table 18. Global Locomotive Revenue Market Share by Company (2018-2023)
    Table 19. Global Locomotive Sale Price by Company (2018-2023) & (M US$/Unit)
    Table 20. Key Manufacturers Locomotive Producing Area Distribution and Sales Area
    Table 21. Players Locomotive Products Offered
    Table 22. Locomotive Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 23. New Products and Potential Entrants
    Table 24. Mergers & Acquisitions, Expansion
    Table 25. Global Locomotive Sales by Geographic Region (2018-2023) & (Units)
    Table 26. Global Locomotive Sales Market Share Geographic Region (2018-2023)
    Table 27. Global Locomotive Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 28. Global Locomotive Revenue Market Share by Geographic Region (2018-2023)
    Table 29. Global Locomotive Sales by Country/Region (2018-2023) & (Units)
    Table 30. Global Locomotive Sales Market Share by Country/Region (2018-2023)
    Table 31. Global Locomotive Revenue by Country/Region (2018-2023) & ($ millions)
    Table 32. Global Locomotive Revenue Market Share by Country/Region (2018-2023)
    Table 33. Americas Locomotive Sales by Country (2018-2023) & (Units)
    Table 34. Americas Locomotive Sales Market Share by Country (2018-2023)
    Table 35. Americas Locomotive Revenue by Country (2018-2023) & ($ Millions)
    Table 36. Americas Locomotive Revenue Market Share by Country (2018-2023)
    Table 37. Americas Locomotive Sales by Type (2018-2023) & (Units)
    Table 38. Americas Locomotive Sales by Application (2018-2023) & (Units)
    Table 39. APAC Locomotive Sales by Region (2018-2023) & (Units)
    Table 40. APAC Locomotive Sales Market Share by Region (2018-2023)
    Table 41. APAC Locomotive Revenue by Region (2018-2023) & ($ Millions)
    Table 42. APAC Locomotive Revenue Market Share by Region (2018-2023)
    Table 43. APAC Locomotive Sales by Type (2018-2023) & (Units)
    Table 44. APAC Locomotive Sales by Application (2018-2023) & (Units)
    Table 45. Europe Locomotive Sales by Country (2018-2023) & (Units)
    Table 46. Europe Locomotive Sales Market Share by Country (2018-2023)
    Table 47. Europe Locomotive Revenue by Country (2018-2023) & ($ Millions)
    Table 48. Europe Locomotive Revenue Market Share by Country (2018-2023)
    Table 49. Europe Locomotive Sales by Type (2018-2023) & (Units)
    Table 50. Europe Locomotive Sales by Application (2018-2023) & (Units)
    Table 51. Middle East & Africa Locomotive Sales by Country (2018-2023) & (Units)
    Table 52. Middle East & Africa Locomotive Sales Market Share by Country (2018-2023)
    Table 53. Middle East & Africa Locomotive Revenue by Country (2018-2023) & ($ Millions)
    Table 54. Middle East & Africa Locomotive Revenue Market Share by Country (2018-2023)
    Table 55. Middle East & Africa Locomotive Sales by Type (2018-2023) & (Units)
    Table 56. Middle East & Africa Locomotive Sales by Application (2018-2023) & (Units)
    Table 57. Key Market Drivers & Growth Opportunities of Locomotive
    Table 58. Key Market Challenges & Risks of Locomotive
    Table 59. Key Industry Trends of Locomotive
    Table 60. Locomotive Raw Material
    Table 61. Key Suppliers of Raw Materials
    Table 62. Locomotive Distributors List
    Table 63. Locomotive Customer List
    Table 64. Global Locomotive Sales Forecast by Region (2024-2029) & (Units)
    Table 65. Global Locomotive Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 66. Americas Locomotive Sales Forecast by Country (2024-2029) & (Units)
    Table 67. Americas Locomotive Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 68. APAC Locomotive Sales Forecast by Region (2024-2029) & (Units)
    Table 69. APAC Locomotive Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 70. Europe Locomotive Sales Forecast by Country (2024-2029) & (Units)
    Table 71. Europe Locomotive Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 72. Middle East & Africa Locomotive Sales Forecast by Country (2024-2029) & (Units)
    Table 73. Middle East & Africa Locomotive Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 74. Global Locomotive Sales Forecast by Type (2024-2029) & (Units)
    Table 75. Global Locomotive Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 76. Global Locomotive Sales Forecast by Application (2024-2029) & (Units)
    Table 77. Global Locomotive Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 78. Transmashholding Basic Information, Locomotive Manufacturing Base, Sales Area and Its Competitors
    Table 79. Transmashholding Locomotive Product Portfolios and Specifications
    Table 80. Transmashholding Locomotive Sales (Units), Revenue ($ Million), Price (M US$/Unit) and Gross Margin (2018-2023)
    Table 81. Transmashholding Main Business
    Table 82. Transmashholding Latest Developments
    Table 83. CRRC Basic Information, Locomotive Manufacturing Base, Sales Area and Its Competitors
    Table 84. CRRC Locomotive Product Portfolios and Specifications
    Table 85. CRRC Locomotive Sales (Units), Revenue ($ Million), Price (M US$/Unit) and Gross Margin (2018-2023)
    Table 86. CRRC Main Business
    Table 87. CRRC Latest Developments
    Table 88. Alstom Basic Information, Locomotive Manufacturing Base, Sales Area and Its Competitors
    Table 89. Alstom Locomotive Product Portfolios and Specifications
    Table 90. Alstom Locomotive Sales (Units), Revenue ($ Million), Price (M US$/Unit) and Gross Margin (2018-2023)
    Table 91. Alstom Main Business
    Table 92. Alstom Latest Developments
    Table 93. Wabtec Basic Information, Locomotive Manufacturing Base, Sales Area and Its Competitors
    Table 94. Wabtec Locomotive Product Portfolios and Specifications
    Table 95. Wabtec Locomotive Sales (Units), Revenue ($ Million), Price (M US$/Unit) and Gross Margin (2018-2023)
    Table 96. Wabtec Main Business
    Table 97. Wabtec Latest Developments
    Table 98. Bombardier Basic Information, Locomotive Manufacturing Base, Sales Area and Its Competitors
    Table 99. Bombardier Locomotive Product Portfolios and Specifications
    Table 100. Bombardier Locomotive Sales (Units), Revenue ($ Million), Price (M US$/Unit) and Gross Margin (2018-2023)
    Table 101. Bombardier Main Business
    Table 102. Bombardier Latest Developments
    Table 103. CLW Basic Information, Locomotive Manufacturing Base, Sales Area and Its Competitors
    Table 104. CLW Locomotive Product Portfolios and Specifications
    Table 105. CLW Locomotive Sales (Units), Revenue ($ Million), Price (M US$/Unit) and Gross Margin (2018-2023)
    Table 106. CLW Main Business
    Table 107. CLW Latest Developments
    Table 108. BLW Basic Information, Locomotive Manufacturing Base, Sales Area and Its Competitors
    Table 109. BLW Locomotive Product Portfolios and Specifications
    Table 110. BLW Locomotive Sales (Units), Revenue ($ Million), Price (M US$/Unit) and Gross Margin (2018-2023)
    Table 111. BLW Main Business
    Table 112. BLW Latest Developments
    Table 113. Siemens Basic Information, Locomotive Manufacturing Base, Sales Area and Its Competitors
    Table 114. Siemens Locomotive Product Portfolios and Specifications
    Table 115. Siemens Locomotive Sales (Units), Revenue ($ Million), Price (M US$/Unit) and Gross Margin (2018-2023)
    Table 116. Siemens Main Business
    Table 117. Siemens Latest Developments
    Table 118. Hitachi Basic Information, Locomotive Manufacturing Base, Sales Area and Its Competitors
    Table 119. Hitachi Locomotive Product Portfolios and Specifications
    Table 120. Hitachi Locomotive Sales (Units), Revenue ($ Million), Price (M US$/Unit) and Gross Margin (2018-2023)
    Table 121. Hitachi Main Business
    Table 122. Hitachi Latest Developments
    Table 123. Progress Rail Basic Information, Locomotive Manufacturing Base, Sales Area and Its Competitors
    Table 124. Progress Rail Locomotive Product Portfolios and Specifications
    Table 125. Progress Rail Locomotive Sales (Units), Revenue ($ Million), Price (M US$/Unit) and Gross Margin (2018-2023)
    Table 126. Progress Rail Main Business
    Table 127. Progress Rail Latest Developments
    Table 128. Stadler Rail Basic Information, Locomotive Manufacturing Base, Sales Area and Its Competitors
    Table 129. Stadler Rail Locomotive Product Portfolios and Specifications
    Table 130. Stadler Rail Locomotive Sales (Units), Revenue ($ Million), Price (M US$/Unit) and Gross Margin (2018-2023)
    Table 131. Stadler Rail Main Business
    Table 132. Stadler Rail Latest Developments
    Table 133. Hyundai Rotem Basic Information, Locomotive Manufacturing Base, Sales Area and Its Competitors
    Table 134. Hyundai Rotem Locomotive Product Portfolios and Specifications
    Table 135. Hyundai Rotem Locomotive Sales (Units), Revenue ($ Million), Price (M US$/Unit) and Gross Margin (2018-2023)
    Table 136. Hyundai Rotem Main Business
    Table 137. Hyundai Rotem Latest Developments
List of Figures
    Figure 1. Picture of Locomotive
    Figure 2. Locomotive Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global Locomotive Sales Growth Rate 2018-2029 (Units)
    Figure 7. Global Locomotive Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. Locomotive Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of Electric Locomotive
    Figure 10. Product Picture of Diesel Locomotive
    Figure 11. Global Locomotive Sales Market Share by Type in 2022
    Figure 12. Global Locomotive Revenue Market Share by Type (2018-2023)
    Figure 13. Locomotive Consumed in Freight Transport
    Figure 14. Global Locomotive Market: Freight Transport (2018-2023) & (Units)
    Figure 15. Locomotive Consumed in Passenger Transport
    Figure 16. Global Locomotive Market: Passenger Transport (2018-2023) & (Units)
    Figure 17. Global Locomotive Sales Market Share by Application (2022)
    Figure 18. Global Locomotive Revenue Market Share by Application in 2022
    Figure 19. Locomotive Sales Market by Company in 2022 (Units)
    Figure 20. Global Locomotive Sales Market Share by Company in 2022
    Figure 21. Locomotive Revenue Market by Company in 2022 ($ Million)
    Figure 22. Global Locomotive Revenue Market Share by Company in 2022
    Figure 23. Global Locomotive Sales Market Share by Geographic Region (2018-2023)
    Figure 24. Global Locomotive Revenue Market Share by Geographic Region in 2022
    Figure 25. Americas Locomotive Sales 2018-2023 (Units)
    Figure 26. Americas Locomotive Revenue 2018-2023 ($ Millions)
    Figure 27. APAC Locomotive Sales 2018-2023 (Units)
    Figure 28. APAC Locomotive Revenue 2018-2023 ($ Millions)
    Figure 29. Europe Locomotive Sales 2018-2023 (Units)
    Figure 30. Europe Locomotive Revenue 2018-2023 ($ Millions)
    Figure 31. Middle East & Africa Locomotive Sales 2018-2023 (Units)
    Figure 32. Middle East & Africa Locomotive Revenue 2018-2023 ($ Millions)
    Figure 33. Americas Locomotive Sales Market Share by Country in 2022
    Figure 34. Americas Locomotive Revenue Market Share by Country in 2022
    Figure 35. Americas Locomotive Sales Market Share by Type (2018-2023)
    Figure 36. Americas Locomotive Sales Market Share by Application (2018-2023)
    Figure 37. United States Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 38. Canada Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 39. Mexico Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 40. Brazil Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 41. APAC Locomotive Sales Market Share by Region in 2022
    Figure 42. APAC Locomotive Revenue Market Share by Regions in 2022
    Figure 43. APAC Locomotive Sales Market Share by Type (2018-2023)
    Figure 44. APAC Locomotive Sales Market Share by Application (2018-2023)
    Figure 45. China Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 46. Japan Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 47. South Korea Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 48. Southeast Asia Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 49. India Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 50. Australia Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 51. China Taiwan Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 52. Europe Locomotive Sales Market Share by Country in 2022
    Figure 53. Europe Locomotive Revenue Market Share by Country in 2022
    Figure 54. Europe Locomotive Sales Market Share by Type (2018-2023)
    Figure 55. Europe Locomotive Sales Market Share by Application (2018-2023)
    Figure 56. Germany Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 57. France Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 58. UK Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 59. Italy Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 60. Russia Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 61. Middle East & Africa Locomotive Sales Market Share by Country in 2022
    Figure 62. Middle East & Africa Locomotive Revenue Market Share by Country in 2022
    Figure 63. Middle East & Africa Locomotive Sales Market Share by Type (2018-2023)
    Figure 64. Middle East & Africa Locomotive Sales Market Share by Application (2018-2023)
    Figure 65. Egypt Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 66. South Africa Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 67. Israel Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 68. Turkey Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 69. GCC Country Locomotive Revenue Growth 2018-2023 ($ Millions)
    Figure 70. Manufacturing Cost Structure Analysis of Locomotive in 2022
    Figure 71. Manufacturing Process Analysis of Locomotive
    Figure 72. Industry Chain Structure of Locomotive
    Figure 73. Channels of Distribution
    Figure 74. Global Locomotive Sales Market Forecast by Region (2024-2029)
    Figure 75. Global Locomotive Revenue Market Share Forecast by Region (2024-2029)
    Figure 76. Global Locomotive Sales Market Share Forecast by Type (2024-2029)
    Figure 77. Global Locomotive Revenue Market Share Forecast by Type (2024-2029)
    Figure 78. Global Locomotive Sales Market Share Forecast by Application (2024-2029)
    Figure 79. Global Locomotive Revenue Market Share Forecast by Application (2024-2029)

Transmashholding
CRRC
Alstom
Wabtec
Bombardier
CLW
BLW
Siemens
Hitachi
Progress Rail
Stadler Rail
Hyundai Rotem

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape