Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 14.20 Billion |
| USD 33.50 Billion | |
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Global Locomotive Market, By Operational Engine (Station Pilot, Banking Engine, Pilot Engine, Others), Technology (IGBT Power Module, GTO Thyristor Module, SiC Power Module), Locomotive Technology (Turbocharged, Maglevs, Conventional Locomotive), Motive Power (Gas Turbine Electric, Steam Diesel Hybrid, Diesel, Atomic Electric, Steam, Fuel Cell Electric, Electric, Gasoline, Hybrid), Components (Traction, Inverter, Alternator, Rectifier, Auxiliary Power Conversion Unit), Rolling Stock Type (DMU, EMU, Diesel and Electric Locomotive), Application (Passenger, Freight, Switcher Locomotives) - Industry Trends and Forecast to 2030.
The rise in the demand for fuel efficient among growing concerns for the environment is a crucial factor accelerating the market growth, also rising demand for advanced power components and modernization in the market leading to lower weight locomotives, rise in demand for rolling stock that is energy efficient, continuous expansion of rail networks infrastructure, rising technological progress such as launch of the SiC module, IGBT module and the auxiliary power units and rising traffic congestion are the major factors among others boosting the global locomotive market. Moreover, rising population, enhancing economies of developing countries, rising growth in industrial and mining activities, and increasing technological upgradation in locomotives, including e-mobility technology and data-driven maintenance services will further create new opportunities for global locomotive market in the forecast period of 2023 to 2030.
Data Bridge Market Research analyses that the global locomotive market which was USD 14.2 billion in 2022, is expected to reach at USD 33.5 billion by 2030, and is expected to grow at a CAGR of 2.74% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Operational Engine (Station Pilot, Banking Engine, Pilot Engine, Others), Technology (IGBT Power Module, GTO Thyristor Module, SiC Power Module), Locomotive Technology (Turbocharged, Maglevs, Conventional Locomotive), Motive Power (Gas Turbine Electric, Steam Diesel Hybrid, Diesel, Atomic Electric, Steam, Fuel Cell Electric, Electric, Gasoline, Hybrid), Components (Traction, Inverter, Alternator, Rectifier, Auxiliary Power Conversion Unit), Rolling Stock Type (DMU, EMU, Diesel and Electric Locomotive), Application (Passenger, Freight, Switcher Locomotives)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of the Middle East and Africa
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Market Players Covered
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Strukton (Netherlands), Alstom (France), AEG Power Solutions B.V. (Netherlands), Siemens (Germany), TOSHIBA CORPORATION (Japan), CRRC (China Railway Rolling Stock Corporation) (China), Hitachi, Ltd. (Japan), Bombardier (Canada), Bharat Heavy Electricals Limited (India), Wabtec Corporation (U.S.), Metso Corporation (Finland), Brookville Equipment Corporation (U.S.), Materfer – (Argentina), KONCAR - Electronics and Informatics Inc. (Croatia), A. Stucki Company (Switzerland), UGL Rail (Australia), Tata Motors (India), Kawasaki Rail Car, Inc. (U.S.), HYUNDAI ROTEM COMPANY (South Korea), Taiwan Rolling Stock Co., Ltd. (Taiwan), Stadler Rail AG (Switzerland)
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Market Opportunities
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Market Definition
Locomotives are a type of railway vehicle that provides the motive power for trains, and they are a critical component of the transportation infrastructure for the movement of goods and passengers. This market encompasses a wide range of locomotive types, including diesel locomotives, electric locomotives, and increasingly, hybrid and battery-electric locomotives.
Drivers
The increasing demand for freight transportation is a significant driver for the global locomotive market. As economies grow and trade expands, the need for efficient and cost-effective freight transportation options rises. Locomotives are a crucial component of this transportation system, offering the ability to move large quantities of goods over long distances. The global locomotive market benefits from this demand, as it provides solutions for transporting bulk commodities, such as coal, oil, and goods in containers, efficiently and sustainably.
The growing emphasis on environmental sustainability and energy efficiency is driving the adoption of modern locomotives. Governments and industries around the world are increasingly concerned about reducing carbon emissions and improving fuel efficiency. Locomotives that utilize advanced technologies, such as hybrid or electric powertrains, offer a more environmentally friendly alternative to traditional diesel locomotives. This shift towards cleaner and more efficient locomotives creates opportunities for manufacturers to meet these environmental regulations and market their products as eco-friendly solutions.
Opportunities
Technological advancements, such as the integration of automation, artificial intelligence, and data analytics, offer new opportunities for the locomotive industry. Automation can enhance safety and operational efficiency, while data analytics can provide insights to optimize maintenance and performance. In addition, the development of high-speed locomotives can open up opportunities for passenger rail services, providing faster and more convenient transportation options. Locomotive manufacturers that invest in and adopt these technologies can gain a competitive edge in the market.
The ongoing electrification of rail networks presents a significant opportunity for the locomotive market. Electrified tracks are more energy-efficient and environmentally friendly compared to diesel-powered locomotives. Governments and rail operators in various regions are investing in electrifying their rail networks to reduce emissions and operational costs. This shift towards electrification creates a substantial market opportunity for electric locomotive manufacturers, as they can provide solutions that align with this trend.
Restraints/Challenges
One of the primary challenges in the locomotive market is the high initial investment costs associated with manufacturing and purchasing locomotives. Locomotives are substantial capital expenditures, and for many rail operators, the upfront costs can be a barrier to entry or upgrading their fleets. Manufacturers and buyers must grapple with these high costs, which can limit market expansion and slow down the adoption of modern, more efficient locomotives.
While locomotives are a crucial mode of transportation for freight and passengers, they face competition from other transportation modes, such as trucks, ships, and airplanes. Each mode has its advantages and disadvantages, and the choice often depends on factors like speed, distance, and cost. Locomotives may struggle to compete with faster transportation modes for time-sensitive deliveries. Overcoming this competition and ensuring that locomotives remain a competitive choice for various transportation needs is an ongoing challenge for the industry.
This global locomotive market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global locomotive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
The global locomotive market is segmented on the basis of operational engine, technology, locomotive technology, motive power, components, rolling stock type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Operational Engine
Technology
Locomotive Technology
Motive Power
Components
Rolling Stock Type
Application
The global Locomotive market is analysed and market size, volume information is provided by country, operational engine, technology, locomotive technology, motive power, components, rolling stock type and application as referenced above.
The countries covered in the global locomotive market report are U.S., Canada and Mexico, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Asia-Pacific dominates the global locomotive market and is expected to be the fastest growing market in the global locomotive market during the forecast period of 2023 to 2030, due to improving socio-economic conditions in emerging economies such as China, India, and Japan, rising number of government projects such as extension of rail routes, rise in production of rolling stock, advanced rail infrastructure, and the replacement of power conversion systems for better efficiency in this region.
The country section of the locomotive market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data
The global locomotive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to global locomotive market.
The major players covered in the global locomotive market report are
SKU-
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL LOCOMOTIVE MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL LOCOMOTIVE MARKET
2.2.1 VENDOR POSITIONING GRID
2.2.2 TECHNOLOGY LIFE LINE CURVE
2.2.3 MARKET GUIDE
2.2.4 COMPANY POSITIONING GRID
2.2.5 MULTIVARIATE MODELLING
2.2.6 STANDARDS OF MEASUREMENT
2.2.7 TOP TO BOTTOM ANALYSIS
2.2.8 VENDOR SHARE ANALYSIS
2.2.9 DATA POINTS FROM KEY PRIMARY INTERVIEWS
2.2.10 DATA POINTS FROM KEY SECONDARY DATABASES
2.3 GLOBAL LOCOMOTIVE MARKET: RESEARCH SNAPSHOT
2.4 ASSUMPTIONS
3 MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 PESTEL ANALYSIS
5.3 REGULATORY FRAMEWORK
5.4 TECHNOLOGY ANALYSIS
FIGURE 1 TECHNOLOGY MATRIX
Company Product/Service offered
5.5 COMPANY COMPARATIVE ANALYSIS
FIGURE 2 COMPANY COMPARATIVE ANALYSIS
Parameters Company A
Market Share
Growth (%)
Target Audience
Price Structure
Market Strategies
Customer Feedback
Service Positioning
Customer Feedback/Rating
Strategic Development
Application Reach
6 GLOBAL LOCOMOTIVE MARKET,BY TYPE
6.1 OVERVIEW
6.2 DIESEL
6.3 ELECTRIC
6.4 STEAM
6.5 HYBRID
7 GLOBAL LOCOMOTIVE MARKET,BY TECHNOLOGY
7.1 OVERVIEW
7.2 IGBT POWER MODULE
7.3 GTO THYRISTOR MODULE
7.4 SIC POWER MODULE
8 GLOBAL LOCOMOTIVE MARKET,BY PROPULSION SYSTEM
8.1 OVERVIEW
8.2 CONVENTIONAL LOCOMOTIVE
8.3 MAGLEV (MAGNETIC LEVITATION)
8.4 HYDROGEN FUEL CELL LOCOMOTIVE
9 GLOBAL LOCOMOTIVE MARKET,BY COMPONENT
9.1 OVERVIEW
9.2 RECTIFIER
9.3 INVERTER
9.4 TRACTION MOTOR
9.5 ALTERNATOR
9.6 AUXILIARY POWER UNIT (APU)
9.7 OTHERS
10 GLOBAL LOCOMOTIVE MARKET,BY AUTOMATION
10.1 OVERVIEW
10.2 CONVENTIONAL (MANUAL)
10.3 SEMI-AUTOMATED
10.4 FULLY AUTONOMOUS
11 GLOBAL LOCOMOTIVE MARKET,BY APPPLICATION
11.1 OVERVIEW
11.2 PASSENGER
11.2.1 BY AUTOMATION
11.2.1.1. CONVENTIONAL LOCOMOTIVE
11.2.1.2. MAGLEV (MAGNETIC LEVITATION)
11.2.1.3. HYDROGEN FUEL CELL LOCOMOTIVE
11.3 FREIGHT
11.3.1 BY AUTOMATION
11.3.1.1. CONVENTIONAL LOCOMOTIVE
11.3.1.2. MAGLEV (MAGNETIC LEVITATION)
11.3.1.3. HYDROGEN FUEL CELL LOCOMOTIVE
11.4 SWITCHER LOCOMOTIVES
11.4.1 BY AUTOMATION
11.4.1.1. CONVENTIONAL LOCOMOTIVE
11.4.1.2. MAGLEV (MAGNETIC LEVITATION)
11.4.1.3. HYDROGEN FUEL CELL LOCOMOTIVE
12 GLOBAL LOCOMOTIVE MARKET, BY GEOGRAPHY
12.1 GLOBAL LOCOMOTIVE MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
12.1.1 NORTH AMERICA
12.1.1.1. U.S.
12.1.1.2. CANADA
12.1.1.3. MEXICO
12.1.2 EUROPE
12.1.2.1. GERMANY
12.1.2.2. FRANCE
12.1.2.3. U.K.
12.1.2.4. ITALY
12.1.2.5. SPAIN
12.1.2.6. RUSSIA
12.1.2.7. TURKEY
12.1.2.8. BELGIUM
12.1.2.9. NETHERLANDS
12.1.2.10. SWITZERLAND
12.1.2.11. REST OF EUROPE
12.1.3 ASIA PACIFIC
12.1.3.1. JAPAN
12.1.3.2. CHINA
12.1.3.3. SOUTH KOREA
12.1.3.4. INDIA
12.1.3.5. AUSTRALIA
12.1.3.6. SINGAPORE
12.1.3.7. THAILAND
12.1.3.8. MALAYSIA
12.1.3.9. INDONESIA
12.1.3.10. PHILIPPINES
12.1.3.11. REST OF ASIA PACIFIC
12.1.4 SOUTH AMERICA
12.1.4.1. BRAZIL
12.1.4.2. ARGENTINA
12.1.4.3. REST OF SOUTH AMERICA
12.1.5 MIDDLE EAST AND AFRICA
12.1.5.1. SOUTH AFRICA
12.1.5.2. EGYPT
12.1.5.3. SAUDI ARABIA
12.1.5.4. U.A.E
12.1.5.5. ISRAEL
12.1.5.6. REST OF MIDDLE EAST AND AFRICA
12.2 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES
13 GLOBAL LOCOMOTIVE MARKET,COMPANY LANDSCAPE
13.1 COMPANY SHARE ANALYSIS: GLOBAL
13.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
13.3 COMPANY SHARE ANALYSIS: EUROPE
13.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC
13.5 MERGERS & ACQUISITIONS
13.6 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
14 GLOBAL LOCOMOTIVE MARKET, SWOT AND DBMR ANALYSIS
15 GLOBAL LOCOMOTIVE MARKET, COMPANY PROFILE
15.1 ALSTOM
15.1.1 COMPANY SNAPSHOT
15.1.2 REVENUE ANALYSIS
15.1.3 PRODUCT PORTFOLIO
15.1.4 RECENT DEVELOPMENTS
15.2 BHARAT HEAVY ELECTRICALS LTD (BHEL)
15.2.1 COMPANY SNAPSHOT
15.2.2 REVENUE ANALYSIS
15.2.3 PRODUCT PORTFOLIO
15.2.4 RECENT DEVELOPMENTS
15.3 CRRC CORPORATION LIMITED
15.3.1 COMPANY SNAPSHOT
15.3.2 REVENUE ANALYSIS
15.3.3 PRODUCT PORTFOLIO
15.3.4 RECENT DEVELOPMENTS
15.4 CZ LOKO
15.4.1 COMPANY SNAPSHOT
15.4.2 REVENUE ANALYSIS
15.4.3 PRODUCT PORTFOLIO
15.4.4 RECENT DEVELOPMENTS
15.5 WABTEC CORPORATION
15.5.1 COMPANY SNAPSHOT
15.5.2 REVENUE ANALYSIS
15.5.3 PRODUCT PORTFOLIO
15.5.4 RECENT DEVELOPMENTS
15.6 HITACHI RAIL
15.6.1 COMPANY SNAPSHOT
15.6.2 REVENUE ANALYSIS
15.6.3 PRODUCT PORTFOLIO
15.6.4 RECENT DEVELOPMENTS
15.7 HYUNDAI ROTEM
15.7.1 COMPANY SNAPSHOT
15.7.2 REVENUE ANALYSIS
15.7.3 PRODUCT PORTFOLIO
15.7.4 RECENT DEVELOPMENTS
15.8 KAWASAKI RAIL CAR, INC.
15.8.1 COMPANY SNAPSHOT
15.8.2 REVENUE ANALYSIS
15.8.3 PRODUCT PORTFOLIO
15.8.4 RECENT DEVELOPMENTS
15.9 PESA BYDGOSZCZ
15.9.1 COMPANY SNAPSHOT
15.9.2 REVENUE ANALYSIS
15.9.3 PRODUCT PORTFOLIO
15.9.4 RECENT DEVELOPMENTS
15.1 PROGRESS RAIL (CATERPILLAR)
15.10.1 COMPANY SNAPSHOT
15.10.2 REVENUE ANALYSIS
15.10.3 PRODUCT PORTFOLIO
15.10.4 RECENT DEVELOPMENTS
15.11 SIEMENS MOBILITY
15.11.1 COMPANY SNAPSHOT
15.11.2 REVENUE ANALYSIS
15.11.3 PRODUCT PORTFOLIO
15.11.4 RECENT DEVELOPMENTS
15.12 STADLER RAIL
15.12.1 COMPANY SNAPSHOT
15.12.2 REVENUE ANALYSIS
15.12.3 PRODUCT PORTFOLIO
15.12.4 RECENT DEVELOPMENTS
15.13 TEXMACO RAIL & ENGINEERING
15.13.1 COMPANY SNAPSHOT
15.13.2 REVENUE ANALYSIS
15.13.3 PRODUCT PORTFOLIO
15.13.4 RECENT DEVELOPMENTS
15.14 TRANSMASHHOLDING (TMH)
15.14.1 COMPANY SNAPSHOT
15.14.2 REVENUE ANALYSIS
15.14.3 PRODUCT PORTFOLIO
15.14.4 RECENT DEVELOPMENTS
15.15 TRINITY INDUSTRIES
15.15.1 COMPANY SNAPSHOT
15.15.2 REVENUE ANALYSIS
15.15.3 PRODUCT PORTFOLIO
15.15.4 RECENT DEVELOPMENTS
15.16 VOITH TURBO GMBH
15.16.1 COMPANY SNAPSHOT
15.16.2 REVENUE ANALYSIS
15.16.3 PRODUCT PORTFOLIO
15.16.4 RECENT DEVELOPMENTS
15.17 UGL RAIL
15.17.1 COMPANY SNAPSHOT
15.17.2 REVENUE ANALYSIS
15.17.3 PRODUCT PORTFOLIO
15.17.4 RECENT DEVELOPMENTS
15.18 TAIWAN ROLLING STOCK CO., LTD.
15.18.1 COMPANY SNAPSHOT
15.18.2 REVENUE ANALYSIS
15.18.3 PRODUCT PORTFOLIO
15.18.4 RECENT DEVELOPMENTS
NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
16 QUESTIONNAIRE
17 RELATED REPORTS
18 ABOUT DATA BRIDGE MARKET RESEARCH
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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