Report Description

Global Locomotive Market, By Technology (IGBT Power Module, GTO Thyristor Module and SiC Power Module), By Component (Rectifier, Traction, Inverter, Alternator and Auxiliary Power Conversion Unit), By Rolling Stock Type (Diesel & Electric Locomotive, DMU & EMU), By Company and By Geography, Forecast & Opportunities, 2023

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Power

Global Locomotive Market is projected to reach USD 5 Billion by 2023, at a CAGR of over 3% during 2019-2023. The major factors propelling the growth of the market are increasing urbanization, growing technological advancements and growing investments in the railways across the globe. Moreover, the rising demand for power conversion components, growing demand for reduced weight and increasing demand for better fuel efficiency further anticipated to drive the Global Locomotive Market. Based on region, the APAC region is anticipated to dominate the overall market during 2019-2023 owing to improving socio-economic conditions, increasing number of government projects across the region and increasing production of rolling stock. Expansion of rail networks in developed as well as developing nations and increasing concern amongst the individuals regarding environmental sustainability is further anticipated to drive the global locomotives market during the forecast period. Furthermore, the growth of the market is driven by the cumulative government expenditure on developing rail systems for public transport. The key players in the market are Hitachi Ltd., AEG Power Solutions, Turbo Power Systems, Siemens AG, among others.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • To analyse and forecast the market size of Locomotive Market, in terms of value and volume.
  • To classify and forecast Global Locomotive Market based on technology, component, rolling stock type and regional distribution.
  • To identify drivers and challenges for Global Locomotive Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Locomotive Market.
  • To conduct the pricing analysis for Locomotive Market.
  • To identify and analyse the profile of leading players involved in the manufacturing of Global Locomotive Market.


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Some of the leading players in the Global Locomotive Market are Hitachi Ltd., AEG Power Solutions, Turbo Power Systems, Siemens AG, Crrc Corporation Ltd., Strukton, Bombardier Inc., Alstom SA, Wabtec Corporation, Toshiba Corporation etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.

TechSci Research calculated the market size of Global Locomotive Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.


Key Target Audience:

  • Rolling Stock Manufacturers
  • Manufacturers of rolling stock power conversion components
  • Suppliers and Distributors
  • Raw material suppliers
  • Transport authorities
  • Industry associations and experts
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global Locomotive Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Technology:
    • IGBT Power Module
    • GTO Thyristor Module
    • SiC Power Module
  • Market, By Component:
    • Rectifier
    • Traction
    • Inverter
    • Alternator
    • Auxiliary Power Conversion Unit
  • Market, By Rolling Stock Type:
    • Diesel & Electric Locomotive
    • DMU
    • EMU
  • Market, by Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Locomotive Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

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