Global Locomotives (Rolling Stock) Market Growth 2023-2029

Global Locomotives (Rolling Stock) Market Growth 2023-2029

Locomotive is a rail transport vehicle that provides the motive power for a train. Locomotives use electricity to drive forward motion despite some locomotive named 'diesel'. In diesel locomotive, a large diesel engine turns a shaft that drives a generator which makes electricity. This electrical energy powers large electric motors at the wheels called 'traction motors'.
LPI (LP Information)' newest research report, the “Locomotives (Rolling Stock) Industry Forecast” looks at past sales and reviews total world Locomotives (Rolling Stock) sales in 2022, providing a comprehensive analysis by region and market sector of projected Locomotives (Rolling Stock) sales for 2023 through 2029. With Locomotives (Rolling Stock) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Locomotives (Rolling Stock) industry.
This Insight Report provides a comprehensive analysis of the global Locomotives (Rolling Stock) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Locomotives (Rolling Stock) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Locomotives (Rolling Stock) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Locomotives (Rolling Stock) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Locomotives (Rolling Stock).
The global Locomotives (Rolling Stock) market size is projected to grow from US$ 84070 million in 2022 to US$ 107910 million in 2029; it is expected to grow at a CAGR of 107910 from 2023 to 2029.
Global Locomotives (Rolling Stock) key players include CRRC, GE, Alstom, etc. Global top three manufacturers hold a share over 50%.
North America is the largest market, with a share over 30%, followed by Europe and Asia-Pacific, both have a share about 55 percent.
In terms of product, Diesel Locomotive is the largest segment, with a share over 70%. And in terms of application, the largest application is Freight Transport, followed by Passenger Transport.
This report presents a comprehensive overview, market shares, and growth opportunities of Locomotives (Rolling Stock) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Diesel Locomotive
Electric Locomotive
Segmentation by application
Passenger Transport
Freight Transport
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
CRRC
GE
Alstom
Siemens
Bombardier
Hitachi
Transmashholding
EMD (Catepiller)
Kawasaki Heavy Industries
Stadler Rail
Hyundai Rotem
Key Questions Addressed in this Report
What is the 10-year outlook for the global Locomotives (Rolling Stock) market?
What factors are driving Locomotives (Rolling Stock) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Locomotives (Rolling Stock) market opportunities vary by end market size?
How does Locomotives (Rolling Stock) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.