Steaming Ahead: Global Locomotive Market Size and Forecast (2022-2032)

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The Global Locomotive Market is expected to reach USD 55.2 Billion by 2032, at a CAGR of 9.3% during the forecast period 2022 to 2032.

Comprehensive historical analysis of Global Locomotive Market has thoroughly analyzed in this report. It offers data and insights from 2019-2022, and provides extensive market forecasts from 2023-2032 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Locomotive market.

The Global Locomotive Market is expected to reach USD 55.2 Billion by 2032, at a CAGR of 9.3% during the forecast period 2022 to 2032.

The report includes growth prospects in the global Locomotive market by type, application, sub segement and region and QMI has compiled a comprehensive detailed research report to offer insights. The report details consumption in the Automotive & Transportation and other sectors. Regional coverage spans North America, Europe, and rest of the world including Asia Pacific.

Leading players of Locomotive including:

  • Caterpillar Inc.
  • Hitachi Ltd.
  • Wabtec Corporation
  • CRRC Corporation Limited
  • AEG Power Solutions
  • Bharat Heavy Electricals Limited
  • Mitsubishi Heavy Industries Ltd.
  • GE Transportation
  • Kawasaki Heavy Industries
  • Hyundai Corporation
  • Turbo Power Systems
  • Alstom S.A.
  • Toshiba Corporation
  • Strukton
  • Siemens AG
  • Bombardier

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Market split by Segement, can be divided into:

Engine Type Analysis

  • Diesel
  • Electric
  • Hybrid-Electric
  • Others

Technology Analysis

  • IGBT Module
  • GTO Thyristor
  • SiC Power Module
  • Others

Market segment by Region/Country including:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

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On June 2023, The CBH Group (CBH) has entered into an agreement with Wabtec Corporation to acquire 17 narrow-gauge locomotives, representing a significant investment in extending the co-operative's rail fleet as part of the 'Path to 2033 Strategy'. The first five locomotives will arrive in Australia in the March quarter of 2026 and will be operating shortly thereafter. The second batch of 12 locomotives will arrive in the June quarter of 2026.

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Whats covered in the report?

  • 1. Overview of the Locomotive market.
  • 2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Locomotive market, based on segement.
  • 3. Locomotive Market trends.
  • 4. Locomotive Market drivers.
  • 5. Analysis of major company profiles.

Reasons to buy this Market Report:


1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Locomotive market.
2. Use the SWOT analysis to determine the competitive intensity and therefore attractiveness of the emerging Locomotive Industry.
3. Leading company profiles reveal details of key Locomotive market players emerging five operations and financial performance.
4. Add weight to presentations and pitches by understanding the future growth prospects of the emerging Locomotive market with five year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the Locomotive market over the upcoming seven years
7. Accurate estimation of the global Locomotive market size
8. Exact estimations of the upcoming trends and changes observed in the consumer behavior
9. Growth of the global Locomotive market across the North & South America, EMEA, Asia Pacific, and Latin America
10. Information about Locomotive market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis on various vendors
12. Furnishing of detailed information on the factors that will restrain the growth of the Locomotive market

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