Market Overview:
The global locomotives (rolling stock) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for freight and passenger transport across the globe. Additionally, government initiatives for development of railway infrastructure are also contributing to the growth of this market. The diesel locomotive segment is expected to dominate the global locomotives (rolling stock) market during the forecast period, owing to its high efficiency and low operating costs as compared to electric locomotives.
Product Definition:
A locomotive is a self-propelled railway vehicle that pulls or pushes coaches or wagons.
Diesel Locomotive:
Diesel locomotive is a self-propelled railway vehicle using diesel engine for propulsion. It is used to carry freight and passengers on various routes with high load capacity. The diesel locomotive has faster acceleration, more power, and better braking capabilities as compared to electric or steam locomotives.
The global demand for rail vehicles including passenger cars and freight cars is increasing rapidly due to the growth of urbanization in developing countries such as India, China, Brazil etc.
Electric Locomotive:
Electric locomotive is a self-propelled railway vehicle that is propelled by electric power. It has no physical connection with the railroad track. An electric locomotive consists of engine, body, and train control system (TCS). The engine drives the wheels of the vehicle through electricity generated by batteries or diesel engines.
Application Insights:
Passenger transport is the major application segment and accounted for more than 60.0% share of the global revenue in 2017. The growing demand for passenger trains as a mode of transportation to connect cities and towns is expected to be one of the key factors driving growth over the forecast period.
The freight transport segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing investments by companies in new locomotive manufacturing facilities along with technological advancements that are improving efficiency across various industries such as mining, construction, etc., thereby generating higher revenues for rail operators worldwide.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60.0% in 2017. This is attributed to the presence of key locomotive manufacturers such as China Railway Rolling Stock Corporation Ltd., Hyundai Rotem, and Alstom that are involved in manufacturing diesel and electric multiple units, rail cars, and freight locomotives for domestic as well as international markets. The growing demand for high-quality passenger rolling stock from countries such as India, Japan, Australia among others is expected to drive the regional market over the forecast period.
Growth Factors:
- Increasing demand for freight transportation: The growth of the global economy has led to an increase in the demand for freight transportation, which is benefiting the locomotive market.
- Technological advancements: The locomotive market is witnessing rapid technological advancements, with manufacturers focusing on developing fuel-efficient and low-emission locomotives. This is aiding the growth of the market.
- Stringent environmental regulations: Stringent environmental regulations are encouraging railway operators to replace their aging fleets with new and more efficient locomotives, thereby propelling the growth of the market.
- Rising investments in rail infrastructure: Governments across various countries are investing heavily in rail infrastructure development projects, which is providing a boost to the locomotive market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Locomotives (Rolling Stock) Market Research Report
By Type
Diesel Locomotive, Electric Locomotive
By Application
Passenger Transport, Freight Transport
By Companies
CRRC, GE, Alstom, Siemens, Bombardier, Hitachi, Transmashholding, EMD (Catepiller), Kawasaki Heavy Industries, Stadler Rail, Hyundai Rotem
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Locomotives (Rolling Stock) Market Report Segments:
The global Locomotives (Rolling Stock) market is segmented on the basis of:
Types
Diesel Locomotive, Electric Locomotive
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Transport, Freight Transport
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CRRC
- GE
- Alstom
- Siemens
- Bombardier
- Hitachi
- Transmashholding
- EMD (Catepiller)
- Kawasaki Heavy Industries
- Stadler Rail
- Hyundai Rotem
Highlights of The Locomotives (Rolling Stock) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diesel Locomotive
- Electric Locomotive
- By Application:
- Passenger Transport
- Freight Transport
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Locomotives (Rolling Stock) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Locomotives are the rolling stock of a railroad. They consist of cars, engines, and sometimes other equipment used to move freight or passengers along a track.
Some of the major players in the locomotives (rolling stock) market are CRRC, GE, Alstom, Siemens, Bombardier, Hitachi, Transmashholding, EMD (Catepiller), Kawasaki Heavy Industries, Stadler Rail, Hyundai Rotem.
The locomotives (rolling stock) market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Locomotives (Rolling Stock) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Locomotives (Rolling Stock) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Locomotives (Rolling Stock) Market - Supply Chain
4.5. Global Locomotives (Rolling Stock) Market Forecast
4.5.1. Locomotives (Rolling Stock) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Locomotives (Rolling Stock) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Locomotives (Rolling Stock) Market Absolute $ Opportunity
5. Global Locomotives (Rolling Stock) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Locomotives (Rolling Stock) Market Size and Volume Forecast by Type
5.3.1. Diesel Locomotive
5.3.2. Electric Locomotive
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Locomotives (Rolling Stock) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Locomotives (Rolling Stock) Market Size and Volume Forecast by Application
6.3.1. Passenger Transport
6.3.2. Freight Transport
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Locomotives (Rolling Stock) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Locomotives (Rolling Stock) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Locomotives (Rolling Stock) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Locomotives (Rolling Stock) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Locomotives (Rolling Stock) Demand Share Forecast, 2019-2026
9. North America Locomotives (Rolling Stock) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Locomotives (Rolling Stock) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Locomotives (Rolling Stock) Market Size and Volume Forecast by Application
9.4.1. Passenger Transport
9.4.2. Freight Transport
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Locomotives (Rolling Stock) Market Size and Volume Forecast by Type
9.7.1. Diesel Locomotive
9.7.2. Electric Locomotive
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Locomotives (Rolling Stock) Demand Share Forecast, 2019-2026
10. Latin America Locomotives (Rolling Stock) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Locomotives (Rolling Stock) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Locomotives (Rolling Stock) Market Size and Volume Forecast by Application
10.4.1. Passenger Transport
10.4.2. Freight Transport
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Locomotives (Rolling Stock) Market Size and Volume Forecast by Type
10.7.1. Diesel Locomotive
10.7.2. Electric Locomotive
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Locomotives (Rolling Stock) Demand Share Forecast, 2019-2026
11. Europe Locomotives (Rolling Stock) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Locomotives (Rolling Stock) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Locomotives (Rolling Stock) Market Size and Volume Forecast by Application
11.4.1. Passenger Transport
11.4.2. Freight Transport
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Locomotives (Rolling Stock) Market Size and Volume Forecast by Type
11.7.1. Diesel Locomotive
11.7.2. Electric Locomotive
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Locomotives (Rolling Stock) Demand Share, 2019-2026
12. Asia Pacific Locomotives (Rolling Stock) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Locomotives (Rolling Stock) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Locomotives (Rolling Stock) Market Size and Volume Forecast by Application
12.4.1. Passenger Transport
12.4.2. Freight Transport
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Locomotives (Rolling Stock) Market Size and Volume Forecast by Type
12.7.1. Diesel Locomotive
12.7.2. Electric Locomotive
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Locomotives (Rolling Stock) Demand Share, 2019-2026
13. Middle East & Africa Locomotives (Rolling Stock) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Locomotives (Rolling Stock) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Locomotives (Rolling Stock) Market Size and Volume Forecast by Application
13.4.1. Passenger Transport
13.4.2. Freight Transport
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Locomotives (Rolling Stock) Market Size and Volume Forecast by Type
13.7.1. Diesel Locomotive
13.7.2. Electric Locomotive
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Locomotives (Rolling Stock) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Locomotives (Rolling Stock) Market: Market Share Analysis
14.2. Locomotives (Rolling Stock) Distributors and Customers
14.3. Locomotives (Rolling Stock) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CRRC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Alstom
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bombardier
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hitachi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Transmashholding
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. EMD (Catepiller)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kawasaki Heavy Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Stadler Rail
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hyundai Rotem
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook