Acumen research and consulting estimates that the global locomotive market is anticipated to reach market size of around US$ 8,000 Mn by 2027 and is anticipated to grow at a CAGR of around 3% in terms of revenue during the forecast period 2020 – 2027.
A locomotive is a diesel, electric and steam rail travel system used to drive a train or to hold railway cars on rails. Locomotives are divided into locomotives for cargo, passengers and refuel. The increasing urbanization trend has helped increase locomotive interest in the general public. The expansion of rail networks in most developed and developing countries are to be expected to drive the global locomotive market, as is the increasing concern among people regarding environmental sustainability. The growth of the world locomotive market has also resulted in substantial investments by authorities around the world in rail infrastructure development for freight and high-speed trains.
Market Insights
The increase in demand for rolling stock, which is energy intensive, growing urbanization, and widening the network of railways are key factors driving global locomotives industry growth. The market growth in the near future will be boosted by a variety of rail projects and environmental sustainability. The locomotives industry is funded by larger rail networks to meet the increasing need for public transport. Modern equipment such as auxiliary control modules, the silicon carbide (SiC) module and the insulated-gate bipolar transistor (IGBT) module contribute to the world's highest market share. Such technologies help to improve fuel efficiency, reduce emissions and minimize total weight while adjusting current state, which can lead to minimized power losses. Nonetheless, the big restraining factors of the global locomotive industry are high maintenance & repair costs and large capital investments in rolling stocks.
Government Support is Contributing the Locomotive Market Growth
Growing environmental concerns with respect to road and air travel pollution, including rising city congestion, are making rail transport the cheap and environmentally sustainable alternative. Management is controlled by private performers in most of the largest rail network countries. But at the same time, the government controls its activities. India has a state-owned rail network and in 2019 Indian Railway earned USD 9.62 billion for the fiscal year 2019-20, a budget 19.5% higher than the previous year. This numbers makes India the fourth largest rail network in the world. Therefore, there was a planned US$ 23.4 Bn in capital spending for railways. Similarly the government of the UK announced in 2017 that about US$ 50 Bn would be spent in modernizing the rail network from 2019 to 2024.
Asia-Pacific is projected to lead the power transmission network market. The enhanced socio-economic conditions in emerging economies like China, India and Japan are attributable to this growth. The growing population in these countries contributed to an increase in policy programs such as railway extensions, expanded rolling stock production, advanced rail networks, and replacement of power conversion systems to improve performance. The IGBT platform is the target for power transfer devices. The strong demand for this module pays tribute to its benefits, such as decreased weight and minimized loss of power by moving the current from AC to DC and vice versa. Throughout the extension and improvement of the rail network the State of North America and Europe are mainly investing. The projected development of the locomotive industry will be driven by rapid economic growth and rise in demand for power and transmission systems in Middle East and Africa.
Key Players
Major players included in this report are AEG Power Solutions B.V., Strukton, Alstom, TOSHIBA CORPORATION, Siemens, Hitachi, Ltd., Bombardier, CRRC, Bharat Heavy Electricals Limited, Metso Corporation, Wabtec Corporation, Materfer, Brookville Equipment Corporation, and others. In this context, various industry experts and leading opinion leaders are analyzing in depth the qualitative and quantitative aspects for deepening their insight into the performance of the market and industry. This report provides a clear picture of the current scenario in terms of value and volume, technological growth, macroeconomic and demand factors which cover the historical and projected market size. In addition to an extensive survey of the market segments and regions, the report provides a comprehensive list of the strategies of leading companies in the industry.
The global locomotive market is segmented as below:
Market Segmentation
Locomotive Market By Technology
IGBT Module
GTO Thyristor
SiC Module
Locomotive Market By Power Conversion Components
Rectifier
Inverter
Traction motor
Alternator
Auxiliary power conversion Unit
Locomotive Market By Locomotive Type
Diesel Locomotive
Diesel Multiple Unit (DMU)
Electric Locomotive
Electric Multiple Unit (EMU)
Locomotive Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Locomotive
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Locomotive Market By Technology
1.2.2.1. Global Locomotive Market Revenue and Growth Rate Comparison By Technology(2020-2027)
1.2.2.2. Global Locomotive Market Revenue Share By Technology in 2019
1.2.2.3. IGBT Module
1.2.2.4. GTO Thyristor
1.2.2.5. SiC Module
1.2.3. Locomotive Market By Power Conversion Components
1.2.3.1. Global Locomotive Market Revenue and Growth Rate Comparison By Technology (2020-2027)
1.2.3.2. Global Locomotive Market Revenue Share By Technology in 2019
1.2.3.2.1. Rectifier
1.2.3.2.2. Inverter
1.2.3.2.3. Traction motor
1.2.3.2.4. Alternator
1.2.3.2.5. Auxiliary power conversion Unit
1.2.4. Locomotive Market By Locomotive Type
1.2.4.1. Global Locomotive Market Revenue and Growth Rate Comparison By Locomotive Type(2020-2027)
1.2.4.2. Global Locomotive Market Revenue Share By Locomotive Type in 2019
1.2.4.2.1. Diesel Locomotive
1.2.4.2.2. Diesel Multiple Unit (DMU)
1.2.4.2.3. Electric Locomotive
1.2.4.2.4. Electric Multiple Unit (EMU)
1.2.5. Locomotive Market By Geography
1.2.5.1. Global Locomotive Market Revenue and Growth Rate Comparison by Geography (2020-2027)
1.2.5.2. North America Locomotive Market Revenue and Growth Rate(2020-2027)
1.2.5.3. Europe Locomotive Market Revenue and Growth Rate(2020-2027)
1.2.5.4. Asia-Pacific Locomotive Market Revenue and Growth Rate(2020-2027)
1.2.5.5. Latin America Locomotive Market Revenue and Growth Rate(2020-2027)
1.2.5.6. Middle East and Africa (MEA) Locomotive Market Revenue and Growth Rate(2020-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING Locomotive ANALYSIS
3.1. Capacity and Commercial Production Date of Global Locomotive Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Locomotive Major Manufacturers in 2019
3.3. R&D Status and Manufacturing End-User of Global Locomotive Major Manufacturers in 2019
3.4. Raw Materials End-Users Analysis of Global Locomotive Major Manufacturers in 2019
CHAPTER 4. Locomotive MARKET By Technology
4.1. Global Locomotive Revenue By Technology
4.2. IGBT Module
4.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.3. GTO Thyristor
4.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.4. SiC Module
4.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 5. Locomotive MARKET By Power Conversion Components
5.1. Global Locomotive Revenue By Technology
5.2. Rectifier
5.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.3. Inverter
5.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.4. Traction motor
5.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.5. Alternator
5.5.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.6. Auxiliary power conversion Unit
5.6.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 6. Locomotive MARKET By Locomotive Type
6.1. Global Locomotive Revenue By Locomotive Type
6.2. Diesel Locomotive
6.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.3. Diesel Multiple Unit (DMU)
6.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.4. Electric Locomotive
6.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.5. Electric Multiple Unit (EMU)
6.5.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 7. NORTH AMERICA Locomotive MARKET BY COUNTRY
7.1. North America Locomotive Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.2. North America Locomotive Market Revenue Share Comparison, 2020 & 2027 (%)
7.3. U.S.
7.3.1. U.S. Locomotive Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
7.3.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
7.4.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
CHAPTER 8. EUROPE SMART REFRIGERATOR MARKET BY COUNTRY
8.1. Europe Locomotive Market Revenue and Growth Rate, 2020 - 2027 ($Million)
8.2. Europe Locomotive Market Revenue Share Comparison, 2020 & 2027 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
8.5.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
8.6.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
8.7.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
CHAPTER 9. ASIA-PACIFIC Locomotive MARKET BY COUNTRY
9.1. Asia-Pacific Locomotive Market Revenue and Growth Rate, 2020 - 2027 ($Million)
9.2. Asia-Pacific Locomotive Market Revenue Share Comparison, 2020 & 2027 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
9.8.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
9.8.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
CHAPTER 10. LATIN AMERICA Locomotive MARKET BY COUNTRY
10.1. Latin America Locomotive Market Revenue and Growth Rate, 2020 - 2027 ($Million)
10.2. Latin America Locomotive Market Revenue Share Comparison, 2020 & 2027 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA Locomotive MARKET BY COUNTRY
11.1. Middle East & Africa Locomotive Market Revenue and Growth Rate, 2020 - 2027 ($Million)
11.2. Middle East & Africa Locomotive Market Revenue Share Comparison, 2020 & 2027 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Technology, 2020 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Power Conversion Components, 2020 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Locomotive Type, 2020 - 2027 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. AEG Power Solutions B.V.
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Strukton
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Alstom
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. TOSHIBA CORPORATION
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Siemens
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Hitachi, Ltd.
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. StrategiesTorpedo Inc.
12.7. Bombardier
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. CRRC
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Bharat Heavy Electricals Limited
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolioa
12.9.5. Key Developments
12.9.6. Strategies
12.10. Metso Corporation
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Product Portfolio
12.11.5. Key Developments
12.11.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
