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Locomotive Market to rise at CAGR of 1.7% through 2027 as per the latest report by TMR

The global Locomotive market was valued at US$ 12580 million in 2020 and it is expected to reach US$ 15030 million by the end of 2027, growing at a CAGR of 1.7% during 2021-2027.

A locomotive or engine is a rail transport vehicle that provides the motive power for a train.

Global key players of Locomotive include Transmashholding, CRRC, etc. Global top 3 companies hold a share about 60%. Europe is the largest market, with a share about 60%, followed by Asia Pacific and North America with the share about 30% and 10%. In terms of product, Electric Locomotive is the largest segment, with a share about 70%. And in terms of application, the largest application is Freight Transport, with a share about 90%.

Global Locomotive Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Locomotive Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Transmashholding, CRRC, Alstom, Wabtec, Bombardier, CLW, BLW, Siemens, Hitachi, Progress Rail, Stadler Rail, Hyundai Rotem and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at:

Segment by Type

  • Electric Locomotive
  • Diesel Locomotive

Segment by Application

  • Freight Transport
  • Passenger Transport

Table of Content:

1 Locomotive Market Overview

2 Market Competition by Manufacturers

3 Production and Capacity by Region

4 Global Locomotive Consumption by Region

5 Production, Revenue, Price Trend by Type

6 Consumption Analysis by Application

7 Key Companies Profiled

8 Locomotive Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

Media Contact

Company Name: The Market Reports

Contact Person: Shirish Gupta


Phone: +1-631-407-1315