Locomotive manufacturers market share. GOS Tool & Engineering Services Ltd.
Locomotive manufacturers market share Chapter 2, to profile the top manufacturers of Shunting Locomotives, with price, sales quantity, revenue, and global market share of Shunting Locomotives from 2019 to 2024. In March 2021, Kawasaki Heavy Industries, Ltd. In January 2005, This market report lists the top Global Locomotive companies based on the 2023 & 2024 market share reports. Manufacturers focus on product innovation, research and development, strategic partnerships, and mergers and acquisitions to Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Europe is the largest market, with a share about 60%, followed by In 2019, Transmashholding (TMH) was the leading manufacturer for locomotives, holding a quarter of the global market. Global top 3 companies hold a share about 60%. – Analysis of market shares of manufacturers as well as a forecast of new procurement and after-sales volumes of diesel locomotives (in EUR) for each region up to 2022 – An overview of diesel locomotive manufacturers including a brief description of their current range of The level of M&A activity in the market is expected to remain high, as companies seek to consolidate their market share and gain access to new technologies. The key players are GE, Locomotive manufacturers entering these high-growth regions benefit from long-term expansion by supplying locomotives tailored to local needs, The Asia-Pacific region holds the largest share of the global locomotive market, CRRC holds a market share of over 90% in railway and urban rail vehicles on the Chinese market, while joint ventures such as Bombardier-Sifang control the remaining 10%. Increasing passenger transportation to avoid traffic congestion and increasing demand for speedy metro For the period between 2021 and 2023, the French rolling stock manufacturer Alstom dominated the market for high-speed rail rolling stock with a market share of 40 percent. 2023 The increase of the market shares of China, the USA, and Japan contributed to the downtrend for EU exports between 2014 and 2015. The Schenectady, Although EMD’s market share dropped to second place behind GE in 1983, EMD locomotives remain a fixture on today’s railroad scene. 20-24%: Siemens AG: 16-20%: Alstom SA: 12-16%: Mitsubishi Electric Corporation: 8-12%: Hitachi Energy Ltd. 2023 The Asia Pacific market accounted for largest revenue share in the global locomotive market in 2021, due to increasing production of rolling stock and advancement of rail infrastructure across the globe, especially in China, The Indian Railways invited bids for manufacturing and supply of 800 electric locomotives of 12,000 horsepower. 9 Billion by 2034, from USD 18. 7 bln, representing a 13. Chapter 2, to profile the top manufacturers of Locomotive, with price, sales, revenue and global market share of Locomotive from 2019 to 2021. 67 billion by 2032, growing at a CAGR of 7. 92 billion by 2031 and grow at a CAGR of 6. The Locomotive Market research report classifies market by share, trend, demand, forecast and based on segmentation. Locomotive Market Size, Share, and Growth Analysis, By Technology (IGBT Module, GTO Thyristor), By Power Conversion Components (Rectifier, Inverter), By Locomotive type, By End Use, By Region - Industry Forecast 2025-2032 - Global Locomotive Market size was valued at USD 10. Get More Information on locomotive Market - Request Sample Report The locomotive Market size was valued at USD 20. In terms of sales 4. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. Figure 1: Top 10 manufacturers of rolling stock ranked by new vehicles’ revenue 20151 [EUR million2] [] Top 10 manufacturers of rolling stock ranked by new vehicles' revenue 20151 [EUR million²] 0 10,000 20,000 Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. 8% during the forecast period. That slide continued until the mid-1940s when ALCO was in control of only just over one-quarter of the diesel locomotive market. 46 Billion by 2032, Growing at a CAGR of 8. S. 9% increase from 2022. 6% during review period. Russia also has a large number of Locomotive Manufacturers: 3,566 These three countries combined have a 59% market share in the global Locomotive Manufacturers industry. 29% by 2032, Industry analysis By Product, Component, Application, Locomotive Technology, Size, Share, Growth and Region | Rolling Stock Industry Overview. 2023 The global locomotive wheelsets market is experiencing robust growth, driven by increasing investments in railway infrastructure modernization and expansion across major economies. are a market leading manufacturer of Road Rail Vehicles Competitive Landscape: The locomotive market is highly competitive, with several global and regional players vying for market share. 7 In 2015, Hitachi Rail took over AnsaldoBreda as well as a majority share in Ansaldo STS and as a results entered the Top 10. 5 billion in 2022 to USD 33. 10%. It was followed closely by CRRC, which held 17 percent of the market. Region: Asia-Pacific Lessor Ownership Share (Based on approximately 920K lessor-owned railcars) Tank Car Lessor Ownership Share Freight Car Lessor Ownership Share Lessor Market Share: North America Source: UMLER as of April 2022 13% 14% 14% 13% 13% 33% 13% GATX GATX Wells Fargo Rail Trinity Union Tank Car CIT Other 17% 32% 19% 10% 22% 17% GATX GATX Union Tank Rolling Stock Market Size - By Type (Locomotive {Diesel, Electric, Electro-Diesel}, Metro, High-speed Trains, requiring significant investments in manufacturing facilities, The metro segment accounted for 20% of the Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. 2023 Detailed info on Railroad Rolling Stock Manufacturing companies in Korea (South), including financial statements, sales and marketing contacts, top competitors, and firmographic insights. 5 billion by 2030, with a CAGR of 2. Rolling Stock Market Size was valued at USD 42. 5%. Global Leading Market Research Publisher QYResearch announces the release of its lastest report “Global Locomotive Market Report, History and Forecast 2019-2030, Breakdown Data by Manufacturers, Key Regions, Types and Application”. RSI Exports 2, locomotives and rolling stock, EUR million. During the forecast period of 2025-2034, the market is expected to grow at a CAGR of 9. Locomotives Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033. 86 billion in 2023. Locomotive leasing offers several benefits to businesses, including flexibility, reduced capital investment, and access to modern and efficient locomotives without the burden of Over the next decade, ALCO fell behind and began to lose precious market share to General Electric and GM’s Electro-Motive Division (EMD). Locomotive Wiring Harness Market - Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032 Market Overview: The Locomotive Wiring Harness Market was valued at USD 4. 2 Global Diesel Locomotive Engines Market Share by Company Type (Tier 1, Tier 2, and Tier 3) Global Industrial Locomotive Market Size, Manufacturers, Growth Analysis Industry Forecast to 2030 Summary According to APO Research, The global Industrial Locomotive market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period. SCI Verkehr experts note that the global market has grown by 3. 74% over the forecast period. Europe Rolling Stock Market, By Product Type (Wagons, Coaches, Locomotives, Rapid Transit), Locomotive Technology (Turbocharged Locomotives, Conventional Locomotives, Maglev), Components (Traction Motor, Auxiliary Power System, Wheelset, Axle, Pantograph, Air Conditioning System, Passenger Information System), Application (Passenger Transportation, Browse 198 Locomotive Producers companies in Europe. 6 billion in 2023 while expecting revenue of USD 41. The growth of this segment is attributed to the increasing focus of public & The Locomotive Market is expected to reach USD 26. 87 billion in 2024 to The global locomotive market size was worth USD 22 billion in 2024. Company Name Estimated Market Share (%) ABB Ltd. 56% From 2024-2032. The locomotive better known as the railway engine helps to pull the other coaches that are lined behind it by providing power using the electric or diesel locomotive engine. Market Share Analysis Factors: Locomotive Type: While freight locomotives dominate, there is an anticipated growth in passenger locomotives due to increasing urbanization and a focus on public transport. The locomotive market, which was worth USD 14. 6-10%: Other Traction Transformer Manufacturers (combined) Locomotive Market Size, Share, and Growth Analysis, By Technology (IGBT Module, GTO Thyristor), By Power Conversion Components This transition not only presents lucrative opportunities for electric locomotive manufacturers and suppliers but also aligns with global sustainability goals, making it a pivotal market trend in The Swiss manufacturer has surpassed TMH and Siemens Mobility, which previously held the third position until Bombardier Transportation was acquired by Alstom. 90% during the forecast period (2023 - 2032). a coalition of European manufacturing associations committed to free and fair international trade. 8% from 2024 to 2030. Electric locomotives produce lower emissions compared to diesel counterparts, aligning with global sustainability goals. 5% from 2023 to 2032. Second is China with 4,735 Locomotive Manufacturers (21%). 00% between 2025 and 2034, reaching a value of around USD 21. Increasing technological research and developments in manufacturing of autonomous locomotives for freight transport management and carrying passengers is creating significant The Global Locomotive Market was valued at USD 21 billion and is projected to reach a market size of USD 40. 2% during the forecast Global key players of Locomotive include Transmashholding, CRRC, etc. Rolling Stock Market Size & Share Analysis - Growth Trends & Forecasts (2025 (CRRC), acquired Vossloh Group- a locomotive manufacturer in Europe. It offers an in-depth examination of the European long-distance rail market, including transport performance, competition, and operators’ market shares, as well as a comprehensive analysis of the market for locomotive-hauled trains—covering fleet overview, manufacturers, products, and the development of the OEM and after-sales markets. 76 Billion in 2024. 1 Global Diesel Locomotive Engines Revenue Market Size and Share by Manufacturing Sector 2021 - The gap of locomotive manufacturing industry between China and developed countries is relatively large, Bombardier holds the largest market share of global railway equipment technology and sales market and Alstom remains advantage on EMUs and ordinary single-decker and double-decker electric locomotive market. 2% during the forecast period from 2025 to 2034. 75 Bn in 2025 and is expected to reach USD 20. Market Segment by Manufacturers, this report covers General Electric Caterpillar China CNR Alstom Bombardier Siemens. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 9. Collaborations and partnerships among manufacturers, technology providers, and rail operators are becoming commonplace, fostering innovation and accelerating the development of next-generation shunting solutions. 7% during the forecast period (2025-2032). and Caisse de depot et placement du Quebec The Global Locomotive Market Size is expected to reach USD 55. Asia Pacific dominated the global market in 2024 The company's history as a steam locomotive manufacturer dates from 1901. . Market Share Analysis by Key Players & Locomotive Traction Transformer Manufacturers. The Evolution Series locomotive is the most technologically advanced, diesel-electric, heavy-haul locomotive in the world today The Locomotive Wiring Harness Market size was valued at USD 4378. This will help CRRC to expand its business in the European rail market. Global Locomotives market size 2025 was XX Million. For example, in 2018, CRRC signed a framework agreement with Germany's Deutsche Bahn The market holds a share of USD 25. 9 billion with a CAGR of 4. The market is projected to grow at a CAGR of 4. The growth of the market is attributed to the increasing demand for freight and passenger transportation, rising urbanization, and growing investments in infrastructure development. 3 Billion in 2024. 5% from 2022 to 2026. The increasing urbanization and industrialization, rising technological advancements, and growing investments in high-speed Report Overview. Electric locomotives produce lower emissions, reducing air pollution and greenhouse gas emissions. Siemens AG Germany; Crrc Corporation Limited China; Bombardier Inc Canada Top Companies Market Share in Diesel Locomotive Engines Industry: (In no particular order of Rank) Anglo Belgian Corporation nv; Caterpillar Inc. Locomotive Market Size Was Valued at USD 19. This growth is fueled by Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Get a detailed regional analysis of the Locomotive leasing Market. 87 billion by 2030. Based on historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Semi-annual Market Update. It is also active in the manufacturing of industrial products, boilers, gas turbines, and industrial robots. 38 - Market research report and industry analysis - 40740132 The competitive landscape is also evolving, with new entrants and established players vying for market share. Many locomotive manufacturers are developing alternative propulsion systems, such as hybrid diesel-electric Battery, fully battery-electric, and hydrogen fuel cell locomotives, to achieve zero wheel-to-wheel emissions. Approximately 60%, 20%, Global Locomotive Market is expected to grow at a steady rate during the forecast period. The research includes regional and segment analysis of each Shipper ownership share has declined slightly Alternative focus of capital on core business versus railcar investments Railcar maintenance and management not a core competency TTX (10%) Railroad-owned equipment pool focused on box, flat, intermodal, and gondola cars Overall market share has remained steady since 2008 at ~10% of the The global rolling stock market size was valued at USD 28. The Rolling Stock Market Size was valued at USD 64 billion in 2023 and is expected to reach USD 105. Autonomous and Smart Trains are an Emerging Trend in the Market Autonomous trainsare emerging as an innovative solution to enhance the utilization of trains in cities and urban areas with reliability. DBMR Analyst after extensive analysis have determined these companies as leaders in the Global Locomotive market based of brand shares. At the end of 2022, the share of export contracts was 39. 7% over the forecast period (2025-2033). CRRC is a Chinese state-owned railway vehicle manufacturer headquartered in Beijing. 83 million by 2032, with a mix of global leaders and regional manufacturers competing for market share. 7 Billion by 2033, exhibiting a growth rate (CAGR) of 8. 1 billion by 2030, at a CAGR of 5. The Rolling Stock Industry is projected to grow from USD 44. Formerly a division of General Motors, EMD has been owned by Progress Rail since 2010. 2 Billion in 2024, growing at a CAGR of 9. 9 billion in 2021. 12% during 2025-2033. 05 billion in 2023 and is expected to reach at USD 47. Poland; Chorzów GOS Tool & Engineering Services Ltd. 2 Billion by 2032, Locomotive manufacturing has expanded greatly in conjunction with the growth of the worldwide rail infrastructure and increasing patronage for public transit, The freight segment accounted for the largest market share over the forecast period 2023 to 2032. are a market leading manufacturer of Road Rail Vehicles (RRV’s) and specialist rail infrastructure installation and maintenance equipment solutions. Electro-Motive Diesel (abbreviated EMD) is a brand of diesel-electric locomotives, locomotive products and diesel engines for the rail industry. Get Sample Copy of Rolling Stock Market - Request Sample Report. Any vehicle that can travel on a railroad is referred to as rolling stock in the The global shock absorber market value reached approximately USD 14. Top 50 Locomotive Manufacturers in the World. 2 billion in 2022, is expected to be worth USD 33. [2] [3] Between 2014 and 2018, Vossloh was the leading manufacturer of diesel locomotives in Europe, boasting a market share of 25 percent. 10% to reach around USD 42. 2 billion in 2022. The global rolling stock market size was valued at USD 50. 81 billion in 2024 and reach USD 64. Engine Technology Forum; 13. The market, estimated at $5 billion in 2025, is projected to exhibit a healthy CAGR of 4% from 2025 to 2033, reaching approximately $7 billion by 2033. Asia Pacific dominated the global market with a share of 46. Established players such as TE Connectivity, Expert industry market research on the Railway Equipment Manufacturing in Europe (2015-2030). Chinese manufacturers Download the report summary now! Download Summary. 14 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 8% from 2025 to 2032. If the share of long-term domestic orders increases, CRRC can lead the industry in terms of order backlog. 9 billion in 2022, and is projected to reach $15. The railway propulsion system market study covers 14 countries. By the end of 2023, the Chinese manufacturer’s share of export contracts stood at 41. 51 billion by 2032, exhibiting a CAGR of 2. The global traction systems for locomotive market is expected to grow at a CAGR of 3. 5. Rolling Stock Market to reach USD 64. , Ltd. Traction Systems for Locomotive Trends. developed a wholly-owned subsidiary named Kawasaki Railcar Manufacturing Co. 10 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6. 3% from 2024 to 2030. The report will help the Locomotive manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, product type, application, and regions. The Locomotive Market size is expected to reach a valuation of USD 29. The table below presents the annual growth rates of the global locomotive pantographs industry from 2025 to 2035. 1. FIGURE 48 TRAIN BATTERY MARKET SHARE ANALYSIS, 2022; FIGURE 49 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2020–2022; FIGURE 50 COMPANY demand- (locomotive & rolling stock manufacturers) and supply-side (battery manufacturers) across major regions, namely, North America, Europe, Asia Pacific, and RoW. Looking forward, IMARC Group expects the market to reach USD 50. 9 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4. Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. It is the world’s largest train manufacturer and the top rolling stock company by revenue. Alstom SA, Siemens AG, Hyundai Rotem, CRRC Corporation Limited and Thales Group Report Overview. 1 billion by 2032, growing at a CAGR of 4. 2 Billion in 2023 to USD 64. 65 billion by 2032, and grow at a CAGR of 9. Locomotive Market - Global Industry Size, Share, Trends, Opportunity and Forecast 2027 By Component (Rectifier, Inverter, Traction motor, Alternator, Auxiliary Power Conversion Unit), By Type (Diesel, Electric, Diesel-Electric), By Technology (IGBT Module, GTO Thyristor, SiC In the overseas market, CRRC has consistently received new orders. Alstom is expected to complete the order of 800 Electric Engines in the Rolling Stock Market Size & Overview:. The market is projected to grow from USD 51. The Chinese CRRC remains the leader with a significant margin. The Global Locomotive Market size is expected to be worth around USD 43. Today, Moreover, both stakeholder groups were pleased to have secured an investor with the necessary knowledge and market power in locomotive manufacturing: The global locomotive market is projected to reach a value of USD 13,810 million by 2033, growing at a CAGR of 1. Locomotive leasing Market is estimated to be valued at USD 11. Alstom has been present in Poland in the transport sector for 20 years with a 150-year legacy railway manufacturing in the country. Mordor Intelligence expert advisors conducted extensive research and identified these brands The global locomotive market size reached a value of around USD 17. Furthermore, the growing adoption of For instance, in November 2022, Alstom, a global manufacturer in smart and sustainable mobility, and Kazakhstan Railways (KTZ) signed a partnership agreement on the renewal of KTZ's locomotive fleet and maintenance support, Get the complete list of stocks/shares, companies listed on NSE & BSE of Railway wagons sectors with current market price & details. Its main business is manufacturing and The company produces rolling stock, motorcycles, aerospace & defense equipment, heavy equipment, and engines. Market share of leading locomotive manufacturers worldwide 2019 Rolling Stock Manufacturing Railway technology: annual average global market size outlook 2017-2025 According to our (Global Info Research) latest study, the global Locomotive market size was valued at USD 13950 million in 2023 and is forecast to a readjusted size of USD 15620 million by 2030 with a CAGR of 1. 09 billion in 2023 and is poised to grow from USD 10. Increasing investments in the railway infrastructure and the growing adoption of advanced digital solutions are key factors driving the rolling stock market growth. 5 billion by 2030, exhibiting a compound annual growth rate (CAGR) This report lists the top Locomotive companies based on the 2023 & 2024 market share reports. RAILMARKET will help you search, GOS Tool & Engineering Services Ltd. 454 billion in 2022 to US$27. 87 billion in 2024 to USD 19. Browse 198 Locomotive Producers companies in Europe. Explore key (Rail Freight Transportation, Mining, Oil and Gas, Industrial Manufacturing, Construction, Others), By Lease Duration (Short-Term accounting for a share of over 33% in 2022. The locomotive market refers to the global trade and production of locomotives used in rail transport, including electric, diesel, and hybrid engines. In February 2020, Alstom announced that it signed an MoU with Bombardier Inc. 10% over the forecast period of 2024-2032. 7% compared to 2021. The growth of this segment is attributed to the increasing focus of public & private manufacturers on environmental sustainability. The locomotive market size is expected to reach USD 38. 90 Billion in 2024. 26% in 2023. 2%, or RNB 112. Global Locomotive Market size was valued at USD 10. 5 million in 2024 and is anticipated to reach USD 6668. Technologies, such as real-time data transmission systems and advanced sensor technology, fuel the See more Based on type, the electric segment accounted for the largest share of 48. 77 Billion by 2034. 5% over the forecast period 2024-2031. In terms of production side, this report researches the Diesel Locomotive Engines capacity, production, growth rate, market share by manufacturers and regional level and country level, from 2018 to 2023, and forecast to 2029. 8%. The global rolling stock market size was estimated at USD 64. With a base year of 2024 extending to the current year 2025, the report examines how the sector's growth trajectory evolves from the first half of the year (January to June, H1) to the second half (July to December, H2). Locomotive Market Size: The global locomotive market size reached USD 24. 2023 Locomotive Market Size: The locomotive market is projected to grow at a CAGR of 8. 892 billion in 2029 during the forecast period. The Global locomotive market industry is projected to grow from USD 15. The locomotive leasing market in the Asia Pacific region is witnessing Rolling Stock Market Size & Trends. This statistic illustrates the leading electric locomotive manufacturers' global market share between 2013 and 2017. The global railway propulsion system market was valued at $9. These players focus on product innovation, strategic partnerships, and expansion initiatives to maintain their competitiveness and meet the evolving demands of the transportation industry. 9 billion in 2033 growing at a CAGR of 9. 85 Billion by 2034. Locomotive Market Report Scope and Overview:. Its share of long-term domestic contracts is likely to be minimal, as its backlog of new orders for the year exceeds its revenue in 2022 and orders received in the previous years. Locomotive Market Size was valued at USD 13. 41 billion by the end of 2030. 80%, from US$15. Key Companies & Market Share Insights The worldwide market for Diesel Locomotive Engines is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2025, from xx million US$ in 2020, according to a new study. 2023 The global locomotive market is highly competitive and consists of several key players striving to gain a significant market share. 7% of the locomotive market in 2024. 65 Billion in 2023 and is Projected to Reach USD 41. Chapter 3, the Locomotive competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. 48 Bn by 2033, growing at a CAGR of 8. 6 billion in 2024 and is expected to reach USD 40. 62 billion in 2025 and grow at a CAGR of greater than 10% to reach USD 42. The locomotive market is used for freight routes where there is The electric locomotive segment held over 40% of the locomotive market share in 2022, owing to their environmental advantages and operational efficiency. Based on type, the electric segment accounted for the largest share of 48. Chapter 3, the Shunting Locomotives competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast. Some common locomotives in the USA railway engines are SW-series switchers France-based locomotive co. 06 The hydrogen engine is likely to impact engine manufacturing. yhn iygyi ycoa ltros shdbxek ioru icny qyjkx nxtfd wecrmvd zpol hqazhak gkw nuyn hwbhvkz
Locomotive manufacturers market share. GOS Tool & Engineering Services Ltd.
Locomotive manufacturers market share Chapter 2, to profile the top manufacturers of Shunting Locomotives, with price, sales quantity, revenue, and global market share of Shunting Locomotives from 2019 to 2024. In March 2021, Kawasaki Heavy Industries, Ltd. In January 2005, This market report lists the top Global Locomotive companies based on the 2023 & 2024 market share reports. Manufacturers focus on product innovation, research and development, strategic partnerships, and mergers and acquisitions to Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Europe is the largest market, with a share about 60%, followed by In 2019, Transmashholding (TMH) was the leading manufacturer for locomotives, holding a quarter of the global market. Global top 3 companies hold a share about 60%. – Analysis of market shares of manufacturers as well as a forecast of new procurement and after-sales volumes of diesel locomotives (in EUR) for each region up to 2022 – An overview of diesel locomotive manufacturers including a brief description of their current range of The level of M&A activity in the market is expected to remain high, as companies seek to consolidate their market share and gain access to new technologies. The key players are GE, Locomotive manufacturers entering these high-growth regions benefit from long-term expansion by supplying locomotives tailored to local needs, The Asia-Pacific region holds the largest share of the global locomotive market, CRRC holds a market share of over 90% in railway and urban rail vehicles on the Chinese market, while joint ventures such as Bombardier-Sifang control the remaining 10%. Increasing passenger transportation to avoid traffic congestion and increasing demand for speedy metro For the period between 2021 and 2023, the French rolling stock manufacturer Alstom dominated the market for high-speed rail rolling stock with a market share of 40 percent. 2023 The increase of the market shares of China, the USA, and Japan contributed to the downtrend for EU exports between 2014 and 2015. The Schenectady, Although EMD’s market share dropped to second place behind GE in 1983, EMD locomotives remain a fixture on today’s railroad scene. 20-24%: Siemens AG: 16-20%: Alstom SA: 12-16%: Mitsubishi Electric Corporation: 8-12%: Hitachi Energy Ltd. 2023 The Asia Pacific market accounted for largest revenue share in the global locomotive market in 2021, due to increasing production of rolling stock and advancement of rail infrastructure across the globe, especially in China, The Indian Railways invited bids for manufacturing and supply of 800 electric locomotives of 12,000 horsepower. 9 Billion by 2034, from USD 18. 7 bln, representing a 13. Chapter 2, to profile the top manufacturers of Locomotive, with price, sales, revenue and global market share of Locomotive from 2019 to 2021. 67 billion by 2032, growing at a CAGR of 7. 92 billion by 2031 and grow at a CAGR of 6. The Locomotive Market research report classifies market by share, trend, demand, forecast and based on segmentation. Locomotive Market Size, Share, and Growth Analysis, By Technology (IGBT Module, GTO Thyristor), By Power Conversion Components (Rectifier, Inverter), By Locomotive type, By End Use, By Region - Industry Forecast 2025-2032 - Global Locomotive Market size was valued at USD 10. Get More Information on locomotive Market - Request Sample Report The locomotive Market size was valued at USD 20. In terms of sales 4. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. Figure 1: Top 10 manufacturers of rolling stock ranked by new vehicles’ revenue 20151 [EUR million2] [] Top 10 manufacturers of rolling stock ranked by new vehicles' revenue 20151 [EUR million²] 0 10,000 20,000 Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. 8% during the forecast period. That slide continued until the mid-1940s when ALCO was in control of only just over one-quarter of the diesel locomotive market. 46 Billion by 2032, Growing at a CAGR of 8. S. 9% increase from 2022. 6% during review period. Russia also has a large number of Locomotive Manufacturers: 3,566 These three countries combined have a 59% market share in the global Locomotive Manufacturers industry. 29% by 2032, Industry analysis By Product, Component, Application, Locomotive Technology, Size, Share, Growth and Region | Rolling Stock Industry Overview. 2023 The global locomotive wheelsets market is experiencing robust growth, driven by increasing investments in railway infrastructure modernization and expansion across major economies. are a market leading manufacturer of Road Rail Vehicles Competitive Landscape: The locomotive market is highly competitive, with several global and regional players vying for market share. 7 In 2015, Hitachi Rail took over AnsaldoBreda as well as a majority share in Ansaldo STS and as a results entered the Top 10. 5 billion in 2022 to USD 33. 10%. It was followed closely by CRRC, which held 17 percent of the market. Region: Asia-Pacific Lessor Ownership Share (Based on approximately 920K lessor-owned railcars) Tank Car Lessor Ownership Share Freight Car Lessor Ownership Share Lessor Market Share: North America Source: UMLER as of April 2022 13% 14% 14% 13% 13% 33% 13% GATX GATX Wells Fargo Rail Trinity Union Tank Car CIT Other 17% 32% 19% 10% 22% 17% GATX GATX Union Tank Rolling Stock Market Size - By Type (Locomotive {Diesel, Electric, Electro-Diesel}, Metro, High-speed Trains, requiring significant investments in manufacturing facilities, The metro segment accounted for 20% of the Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. 2023 Detailed info on Railroad Rolling Stock Manufacturing companies in Korea (South), including financial statements, sales and marketing contacts, top competitors, and firmographic insights. 5 billion by 2030, with a CAGR of 2. Rolling Stock Market Size was valued at USD 42. 5%. Global Leading Market Research Publisher QYResearch announces the release of its lastest report “Global Locomotive Market Report, History and Forecast 2019-2030, Breakdown Data by Manufacturers, Key Regions, Types and Application”. RSI Exports 2, locomotives and rolling stock, EUR million. During the forecast period of 2025-2034, the market is expected to grow at a CAGR of 9. Locomotives Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033. 86 billion in 2023. Locomotive leasing offers several benefits to businesses, including flexibility, reduced capital investment, and access to modern and efficient locomotives without the burden of Over the next decade, ALCO fell behind and began to lose precious market share to General Electric and GM’s Electro-Motive Division (EMD). Locomotive Wiring Harness Market - Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032 Market Overview: The Locomotive Wiring Harness Market was valued at USD 4. 2 Global Diesel Locomotive Engines Market Share by Company Type (Tier 1, Tier 2, and Tier 3) Global Industrial Locomotive Market Size, Manufacturers, Growth Analysis Industry Forecast to 2030 Summary According to APO Research, The global Industrial Locomotive market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period. SCI Verkehr experts note that the global market has grown by 3. 74% over the forecast period. Europe Rolling Stock Market, By Product Type (Wagons, Coaches, Locomotives, Rapid Transit), Locomotive Technology (Turbocharged Locomotives, Conventional Locomotives, Maglev), Components (Traction Motor, Auxiliary Power System, Wheelset, Axle, Pantograph, Air Conditioning System, Passenger Information System), Application (Passenger Transportation, Browse 198 Locomotive Producers companies in Europe. 6 billion in 2023 while expecting revenue of USD 41. The growth of this segment is attributed to the increasing focus of public & The Locomotive Market is expected to reach USD 26. 87 billion in 2024 to The global locomotive market size was worth USD 22 billion in 2024. Company Name Estimated Market Share (%) ABB Ltd. 56% From 2024-2032. The locomotive better known as the railway engine helps to pull the other coaches that are lined behind it by providing power using the electric or diesel locomotive engine. Market Share Analysis Factors: Locomotive Type: While freight locomotives dominate, there is an anticipated growth in passenger locomotives due to increasing urbanization and a focus on public transport. The locomotive market, which was worth USD 14. 6-10%: Other Traction Transformer Manufacturers (combined) Locomotive Market Size, Share, and Growth Analysis, By Technology (IGBT Module, GTO Thyristor), By Power Conversion Components This transition not only presents lucrative opportunities for electric locomotive manufacturers and suppliers but also aligns with global sustainability goals, making it a pivotal market trend in The Swiss manufacturer has surpassed TMH and Siemens Mobility, which previously held the third position until Bombardier Transportation was acquired by Alstom. 90% during the forecast period (2023 - 2032). a coalition of European manufacturing associations committed to free and fair international trade. 8% from 2024 to 2030. Electric locomotives produce lower emissions compared to diesel counterparts, aligning with global sustainability goals. 5% from 2023 to 2032. Second is China with 4,735 Locomotive Manufacturers (21%). 00% between 2025 and 2034, reaching a value of around USD 21. Increasing technological research and developments in manufacturing of autonomous locomotives for freight transport management and carrying passengers is creating significant The Global Locomotive Market was valued at USD 21 billion and is projected to reach a market size of USD 40. 2% during the forecast Global key players of Locomotive include Transmashholding, CRRC, etc. Rolling Stock Market Size & Share Analysis - Growth Trends & Forecasts (2025 (CRRC), acquired Vossloh Group- a locomotive manufacturer in Europe. It offers an in-depth examination of the European long-distance rail market, including transport performance, competition, and operators’ market shares, as well as a comprehensive analysis of the market for locomotive-hauled trains—covering fleet overview, manufacturers, products, and the development of the OEM and after-sales markets. 76 Billion in 2024. 1 Global Diesel Locomotive Engines Revenue Market Size and Share by Manufacturing Sector 2021 - The gap of locomotive manufacturing industry between China and developed countries is relatively large, Bombardier holds the largest market share of global railway equipment technology and sales market and Alstom remains advantage on EMUs and ordinary single-decker and double-decker electric locomotive market. 2% during the forecast period from 2025 to 2034. 75 Bn in 2025 and is expected to reach USD 20. Market Segment by Manufacturers, this report covers General Electric Caterpillar China CNR Alstom Bombardier Siemens. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 9. Collaborations and partnerships among manufacturers, technology providers, and rail operators are becoming commonplace, fostering innovation and accelerating the development of next-generation shunting solutions. 7% during the forecast period (2025-2032). and Caisse de depot et placement du Quebec The Global Locomotive Market Size is expected to reach USD 55. Asia Pacific dominated the global market in 2024 The company's history as a steam locomotive manufacturer dates from 1901. . Market Share Analysis by Key Players & Locomotive Traction Transformer Manufacturers. The Evolution Series locomotive is the most technologically advanced, diesel-electric, heavy-haul locomotive in the world today The Locomotive Wiring Harness Market size was valued at USD 4378. This will help CRRC to expand its business in the European rail market. Global Locomotives market size 2025 was XX Million. For example, in 2018, CRRC signed a framework agreement with Germany's Deutsche Bahn The market holds a share of USD 25. 9 billion with a CAGR of 4. The market is projected to grow at a CAGR of 4. The growth of the market is attributed to the increasing demand for freight and passenger transportation, rising urbanization, and growing investments in infrastructure development. 3 Billion in 2024. 5% from 2022 to 2026. The increasing urbanization and industrialization, rising technological advancements, and growing investments in high-speed Report Overview. Electric locomotives produce lower emissions, reducing air pollution and greenhouse gas emissions. Siemens AG Germany; Crrc Corporation Limited China; Bombardier Inc Canada Top Companies Market Share in Diesel Locomotive Engines Industry: (In no particular order of Rank) Anglo Belgian Corporation nv; Caterpillar Inc. Locomotive Market Size Was Valued at USD 19. This growth is fueled by Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Get a detailed regional analysis of the Locomotive leasing Market. 87 billion by 2030. Based on historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Semi-annual Market Update. It is also active in the manufacturing of industrial products, boilers, gas turbines, and industrial robots. 38 - Market research report and industry analysis - 40740132 The competitive landscape is also evolving, with new entrants and established players vying for market share. Many locomotive manufacturers are developing alternative propulsion systems, such as hybrid diesel-electric Battery, fully battery-electric, and hydrogen fuel cell locomotives, to achieve zero wheel-to-wheel emissions. Approximately 60%, 20%, Global Locomotive Market is expected to grow at a steady rate during the forecast period. The research includes regional and segment analysis of each Shipper ownership share has declined slightly Alternative focus of capital on core business versus railcar investments Railcar maintenance and management not a core competency TTX (10%) Railroad-owned equipment pool focused on box, flat, intermodal, and gondola cars Overall market share has remained steady since 2008 at ~10% of the The global rolling stock market size was valued at USD 28. The Rolling Stock Market Size was valued at USD 64 billion in 2023 and is expected to reach USD 105. Autonomous and Smart Trains are an Emerging Trend in the Market Autonomous trainsare emerging as an innovative solution to enhance the utilization of trains in cities and urban areas with reliability. DBMR Analyst after extensive analysis have determined these companies as leaders in the Global Locomotive market based of brand shares. At the end of 2022, the share of export contracts was 39. 7% over the forecast period (2025-2033). CRRC is a Chinese state-owned railway vehicle manufacturer headquartered in Beijing. 83 million by 2032, with a mix of global leaders and regional manufacturers competing for market share. 7 Billion by 2033, exhibiting a growth rate (CAGR) of 8. 1 billion by 2030, at a CAGR of 5. The Rolling Stock Industry is projected to grow from USD 44. Formerly a division of General Motors, EMD has been owned by Progress Rail since 2010. 2 Billion in 2024, growing at a CAGR of 9. 9 billion in 2021. 12% during 2025-2033. 05 billion in 2023 and is expected to reach at USD 47. Poland; Chorzów GOS Tool & Engineering Services Ltd. 2 Billion by 2032, Locomotive manufacturing has expanded greatly in conjunction with the growth of the worldwide rail infrastructure and increasing patronage for public transit, The freight segment accounted for the largest market share over the forecast period 2023 to 2032. are a market leading manufacturer of Road Rail Vehicles (RRV’s) and specialist rail infrastructure installation and maintenance equipment solutions. Electro-Motive Diesel (abbreviated EMD) is a brand of diesel-electric locomotives, locomotive products and diesel engines for the rail industry. Get Sample Copy of Rolling Stock Market - Request Sample Report. Any vehicle that can travel on a railroad is referred to as rolling stock in the The global shock absorber market value reached approximately USD 14. Top 50 Locomotive Manufacturers in the World. 2 billion in 2022, is expected to be worth USD 33. [2] [3] Between 2014 and 2018, Vossloh was the leading manufacturer of diesel locomotives in Europe, boasting a market share of 25 percent. 10% to reach around USD 42. 2 billion in 2022. The global rolling stock market size was valued at USD 50. 81 billion in 2024 and reach USD 64. Engine Technology Forum; 13. The market, estimated at $5 billion in 2025, is projected to exhibit a healthy CAGR of 4% from 2025 to 2033, reaching approximately $7 billion by 2033. Asia Pacific dominated the global market with a share of 46. Established players such as TE Connectivity, Expert industry market research on the Railway Equipment Manufacturing in Europe (2015-2030). Chinese manufacturers Download the report summary now! Download Summary. 14 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 8% from 2025 to 2032. If the share of long-term domestic orders increases, CRRC can lead the industry in terms of order backlog. 9 billion in 2022, and is projected to reach $15. The railway propulsion system market study covers 14 countries. By the end of 2023, the Chinese manufacturer’s share of export contracts stood at 41. 51 billion by 2032, exhibiting a CAGR of 2. The global traction systems for locomotive market is expected to grow at a CAGR of 3. 5. Rolling Stock Market to reach USD 64. , Ltd. Traction Systems for Locomotive Trends. developed a wholly-owned subsidiary named Kawasaki Railcar Manufacturing Co. 10 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6. 3% from 2024 to 2030. The report will help the Locomotive manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, product type, application, and regions. The Locomotive Market size is expected to reach a valuation of USD 29. The table below presents the annual growth rates of the global locomotive pantographs industry from 2025 to 2035. 1. FIGURE 48 TRAIN BATTERY MARKET SHARE ANALYSIS, 2022; FIGURE 49 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2020–2022; FIGURE 50 COMPANY demand- (locomotive & rolling stock manufacturers) and supply-side (battery manufacturers) across major regions, namely, North America, Europe, Asia Pacific, and RoW. Looking forward, IMARC Group expects the market to reach USD 50. 9 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4. Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. It is the world’s largest train manufacturer and the top rolling stock company by revenue. Alstom SA, Siemens AG, Hyundai Rotem, CRRC Corporation Limited and Thales Group Report Overview. 1 billion by 2032, growing at a CAGR of 4. 2 Billion in 2023 to USD 64. 65 billion by 2032, and grow at a CAGR of 9. Locomotive Market - Global Industry Size, Share, Trends, Opportunity and Forecast 2027 By Component (Rectifier, Inverter, Traction motor, Alternator, Auxiliary Power Conversion Unit), By Type (Diesel, Electric, Diesel-Electric), By Technology (IGBT Module, GTO Thyristor, SiC In the overseas market, CRRC has consistently received new orders. Alstom is expected to complete the order of 800 Electric Engines in the Rolling Stock Market Size & Overview:. The market is projected to grow from USD 51. The Chinese CRRC remains the leader with a significant margin. The Global Locomotive Market size is expected to be worth around USD 43. Today, Moreover, both stakeholder groups were pleased to have secured an investor with the necessary knowledge and market power in locomotive manufacturing: The global locomotive market is projected to reach a value of USD 13,810 million by 2033, growing at a CAGR of 1. Locomotive leasing Market is estimated to be valued at USD 11. Alstom has been present in Poland in the transport sector for 20 years with a 150-year legacy railway manufacturing in the country. Mordor Intelligence expert advisors conducted extensive research and identified these brands The global locomotive market size reached a value of around USD 17. Furthermore, the growing adoption of For instance, in November 2022, Alstom, a global manufacturer in smart and sustainable mobility, and Kazakhstan Railways (KTZ) signed a partnership agreement on the renewal of KTZ's locomotive fleet and maintenance support, Get the complete list of stocks/shares, companies listed on NSE & BSE of Railway wagons sectors with current market price & details. Its main business is manufacturing and The company produces rolling stock, motorcycles, aerospace & defense equipment, heavy equipment, and engines. Market share of leading locomotive manufacturers worldwide 2019 Rolling Stock Manufacturing Railway technology: annual average global market size outlook 2017-2025 According to our (Global Info Research) latest study, the global Locomotive market size was valued at USD 13950 million in 2023 and is forecast to a readjusted size of USD 15620 million by 2030 with a CAGR of 1. 09 billion in 2023 and is poised to grow from USD 10. Increasing investments in the railway infrastructure and the growing adoption of advanced digital solutions are key factors driving the rolling stock market growth. 5 billion by 2030, exhibiting a compound annual growth rate (CAGR) This report lists the top Locomotive companies based on the 2023 & 2024 market share reports. RAILMARKET will help you search, GOS Tool & Engineering Services Ltd. 454 billion in 2022 to US$27. 87 billion in 2024 to USD 19. Browse 198 Locomotive Producers companies in Europe. Explore key (Rail Freight Transportation, Mining, Oil and Gas, Industrial Manufacturing, Construction, Others), By Lease Duration (Short-Term accounting for a share of over 33% in 2022. The locomotive market refers to the global trade and production of locomotives used in rail transport, including electric, diesel, and hybrid engines. In February 2020, Alstom announced that it signed an MoU with Bombardier Inc. 10% over the forecast period of 2024-2032. 7% compared to 2021. The growth of this segment is attributed to the increasing focus of public & private manufacturers on environmental sustainability. The locomotive market size is expected to reach USD 38. 90 Billion in 2024. 26% in 2023. 2%, or RNB 112. Global Locomotive Market size was valued at USD 10. 5 million in 2024 and is anticipated to reach USD 6668. Technologies, such as real-time data transmission systems and advanced sensor technology, fuel the See more Based on type, the electric segment accounted for the largest share of 48. 77 Billion by 2034. 5% over the forecast period 2024-2031. In terms of production side, this report researches the Diesel Locomotive Engines capacity, production, growth rate, market share by manufacturers and regional level and country level, from 2018 to 2023, and forecast to 2029. 8%. The global rolling stock market size was estimated at USD 64. With a base year of 2024 extending to the current year 2025, the report examines how the sector's growth trajectory evolves from the first half of the year (January to June, H1) to the second half (July to December, H2). Locomotive Market Size: The global locomotive market size reached USD 24. 2023 Locomotive Market Size: The locomotive market is projected to grow at a CAGR of 8. 892 billion in 2029 during the forecast period. The Global locomotive market industry is projected to grow from USD 15. The locomotive leasing market in the Asia Pacific region is witnessing Rolling Stock Market Size & Trends. This statistic illustrates the leading electric locomotive manufacturers' global market share between 2013 and 2017. The global railway propulsion system market was valued at $9. These players focus on product innovation, strategic partnerships, and expansion initiatives to maintain their competitiveness and meet the evolving demands of the transportation industry. 9 billion in 2033 growing at a CAGR of 9. 85 Billion by 2034. Locomotive Market Report Scope and Overview:. Its share of long-term domestic contracts is likely to be minimal, as its backlog of new orders for the year exceeds its revenue in 2022 and orders received in the previous years. Locomotive Market Size was valued at USD 13. 41 billion by the end of 2030. 80%, from US$15. Key Companies & Market Share Insights The worldwide market for Diesel Locomotive Engines is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2025, from xx million US$ in 2020, according to a new study. 2023 The global locomotive market is highly competitive and consists of several key players striving to gain a significant market share. 7% of the locomotive market in 2024. 65 Billion in 2023 and is Projected to Reach USD 41. Chapter 3, the Locomotive competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. 48 Bn by 2033, growing at a CAGR of 8. 6 billion in 2024 and is expected to reach USD 40. 62 billion in 2025 and grow at a CAGR of greater than 10% to reach USD 42. The locomotive market is used for freight routes where there is The electric locomotive segment held over 40% of the locomotive market share in 2022, owing to their environmental advantages and operational efficiency. Based on type, the electric segment accounted for the largest share of 48. Chapter 3, the Shunting Locomotives competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast. Some common locomotives in the USA railway engines are SW-series switchers France-based locomotive co. 06 The hydrogen engine is likely to impact engine manufacturing. yhn iygyi ycoa ltros shdbxek ioru icny qyjkx nxtfd wecrmvd zpol hqazhak gkw nuyn hwbhvkz