As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

 

Global locomotive market is expected to grow at a steady rate during the forecast period. The global locomotive market is driven by the ongoing expansion of rail networks. Additionally, growing need for energy efficient engines is further expected to propel the market through 2025. Besides, upgradation of existing infrastructure and technological advancements such as data driven maintenance services, e-mobility technology, among others is further expected to create lucrative opportunities for the market growth over the next few years. Also, increasing production of rolling stocks is expected to foster the market growth. However, high initial investment can hamper the market growth during the forecast period.

 

The global locomotive market is segmented based on component, type, technology, operational engine, end use, company and region. Based on component, the market can be fragmented into rectifier, inverter, traction motor, alternator and auxiliary power conversion unit. The traction motor segment is expected to dominate the market since it increases the overall efficiency of the engine. Based on technology, the market can be categorized into IGBT module, GTO thyristor and SiC module. The IGBT module is expected to dominate the market during the forecast period. this can be ascribed to the reduction in energy consumption due to use of this technology. Additionally, it reduces the costs involved in maintaining engines and increase their life.

 

Regionally, the locomotive market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the overall locomotive market owing to the heavy industrialization and early adoption of advanced technologies in the region. Additionally, the presence of major players operating in the market is further expected to drive the market growth in the region. While, Asia Pacific region is expected to witness significant growth in the market owing to the increasing number of railway infrastructural projects in the region.

   

The major players operating in the locomotive market are Hitachi Ltd, RRC Corporation Limited, AEG Power Solutions, Turbo Power Systems, Alstom S.A, Toshiba Corporation, Siemens AG, General Electric Company, Kawasaki Heavy Industries, Bombardier Transportation and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and estimate the market size of global locomotive market from 2015 to 2018.
  • To estimate and forecast the market size of global locomotive market from 2019 to 2025 and growth rate until 2025.
  • To classify and forecast global locomotive market based on component, type, technology, operational engine, end use, company and regional distribution.
  • To identify dominant region or segment in the global locomotive market.
  • 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 identify and analyze the profile of leading players operating in global locomotive market.
  • To identify key sustainable strategies adopted by market players in global locomotive market.


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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 manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global locomotive market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Locomotive manufacturers/ suppliers/ distributors
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to locomotive

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers 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:

  • Global Locomotive Market, By Component:
    • Rectifier
    • Inverter
    • Traction motor
    • Alternator
    • Auxiliary Power Conversion Unit
  • Global Locomotive Market, By Type:
    • Diesel
    • Electric
    • Diesel-Electric
  • Global Locomotive Market, By Technology:
    • IGBT Module
    • GTO Thyristor
    • SiC Module
  • Global Locomotive Market, By Operational Engine:
    • Station Pilot
    • Banking Engine
    • Pilot Engine
    • Others (Train Engine, Light Engine)
  • Global Locomotive Market, By End Use:
    • Freight
    • Passenger
    • Others
  • Global Locomotive Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Kuwait
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global locomotive market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a 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).

Global locomotive market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Locomotive Market

4.    Executive Summary

5.    Voice of Customer

6.    Global Locomotive Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Component (Rectifier, Inverter, Traction motor, Alternator, Auxiliary Power Conversion Unit)

6.2.2.     By Type (Diesel, Electric, Diesel-Electric)

6.2.3.     By Technology (IGBT Module, GTO Thyristor, SiC Module)

6.2.4.     By Operational Engine (Station Pilot, Banking Engine, Pilot Engine, Others (Train Engine, Light Engine))

6.2.5.     By End Use (Freight, Passenger, Others)

6.2.6.     By Company (2019)

6.2.7.     By Region

6.3.  Product Market Map

7.    Asia-Pacific Locomotive Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Component

7.2.2.     By Type

7.2.3.     By Technology

7.2.4.     By Operational Engine

7.2.5.     By End Use

7.2.6.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Locomotive Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Component

7.3.1.2.2.             By Type

7.3.1.2.3.             By Technology

7.3.1.2.4.             By End Use

7.3.2.     India Locomotive Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Component

7.3.2.2.2.             By Type

7.3.2.2.3.             By Technology

7.3.2.2.4.             By End Use

7.3.3.     Australia Locomotive Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Component

7.3.3.2.2.             By Type

7.3.3.2.3.             By Technology

7.3.3.2.4.             By End Use

7.3.4.     Japan Locomotive Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Component

7.3.4.2.2.             By Type

7.3.4.2.3.             By Technology

7.3.4.2.4.             By End Use

7.3.5.     South Korea Locomotive Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Component

7.3.5.2.2.             By Type

7.3.5.2.3.             By Technology

7.3.5.2.4.             By End Use

8.    Europe Locomotive Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Component

8.2.2.     By Type

8.2.3.     By Technology

8.2.4.     By Operational Engine

8.2.5.     By End Use

8.2.6.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Locomotive Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Component

8.3.1.2.2.             By Type

8.3.1.2.3.             By Technology

8.3.1.2.4.             By End Use

8.3.2.     Germany Locomotive Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Component

8.3.2.2.2.             By Type

8.3.2.2.3.             By Technology

8.3.2.2.4.             By End Use

8.3.3.     United Kingdom Locomotive Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Component

8.3.3.2.2.             By Type

8.3.3.2.3.             By Technology

8.3.3.2.4.             By End Use

8.3.4.     Italy Locomotive Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Component

8.3.4.2.2.             By Type

8.3.4.2.3.             By Technology

8.3.4.2.4.             By End Use

8.3.5.     Spain Locomotive Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Component

8.3.5.2.2.             By Type

8.3.5.2.3.             By Technology

8.3.5.2.4.             By End Use

9.    North America Locomotive Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Component

9.2.2.     By Type

9.2.3.     By Technology

9.2.4.     By Operational Engine

9.2.5.     By End Use

9.2.6.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Locomotive Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Component

9.3.1.2.2.             By Type

9.3.1.2.3.             By Technology

9.3.1.2.4.             By End Use

9.3.2.     Mexico Locomotive Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Component

9.3.2.2.2.             By Type

9.3.2.2.3.             By Technology

9.3.2.2.4.             By End Use

9.3.3.     Canada Locomotive Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Component

9.3.3.2.2.             By Type

9.3.3.2.3.             By Technology

9.3.3.2.4.             By End Use

10.  South America Locomotive Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Component

10.2.2.  By Type

10.2.3.  By Technology

10.2.4.  By Operational Engine

10.2.5.  By End Use

10.2.6.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Locomotive Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Component

10.3.1.2.2.           By Type

10.3.1.2.3.           By Technology

10.3.1.2.4.           By End Use

10.3.2.  Argentina Locomotive Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Component

10.3.2.2.2.           By Type

10.3.2.2.3.           By Technology

10.3.2.2.4.           By End Use

10.3.3.  Colombia Locomotive Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Component

10.3.3.2.2.           By Type

10.3.3.2.3.           By Technology

10.3.3.2.4.           By End Use

11.  Middle East and Africa Locomotive Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Component

11.2.2.  By Type

11.2.3.  By Technology

11.2.4.  By Operational Engine

11.2.5.  By End Use

11.2.6.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Locomotive Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Component

11.3.1.2.2.           By Type

11.3.1.2.3.           By Technology

11.3.1.2.4.           By End Use

11.3.2.  Saudi Arabia Locomotive Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Component

11.3.2.2.2.           By Type

11.3.2.2.3.           By Technology

11.3.2.2.4.           By End Use

11.3.3.  UAE Locomotive Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Component

11.3.3.2.2.           By Type

11.3.3.2.3.           By Technology

11.3.3.2.4.           By End Use

11.3.4.  Kuwait Locomotive Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Component

11.3.4.2.2.           By Type

11.3.4.2.3.           By Technology

11.3.4.2.4.           By End Use

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.