The global Locomotives (Rolling Stock) market size was US$ 92010 million in 2024 and is forecast to a readjusted size of US$ 116670 million by 2031 with a CAGR of 3.5% during the forecast period 2025-2031.
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".
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.
The global Locomotives (Rolling Stock) market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
Âé¶¹Ô´´ Segmentation
By Company:
CRRC
GE
Alstom
Siemens
Bombardier
Hitachi
Transmashholding
EMD (Catepiller)
Kawasaki Heavy Industries
Stadler Rail
Hyundai Rotem
By Type: (Dominant Segment vs High-Margin Innovation)
Diesel Locomotive
Electric Locomotive
By Application: (Core Demand Driver vs Emerging Opportunity)
Passenger Transport
Freight Transport
By Region
Macro-Regional Analysis: Âé¶¹Ô´´ Size & Growth Forecasts
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Âé¶¹Ô´´ Deep Dive: Strategic Insights
- Competitive Landscape: Player dominance vs. disruptors (e.g., CRRC in Europe)
- Emerging Product Trends: Diesel Locomotive adoption vs. Electric Locomotive premiumization
- Demand-Side Dynamics: Passenger Transport growth in China vs. Freight Transport potential in North America
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Âé¶¹Ô´´s:
North America
Europe
China
Japan
South Korea
India
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Locomotives (Rolling Stock) market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Electric Locomotive in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Freight Transport in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Âé¶¹Ô´´ dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
This is not just another market study. By fusing global trend analysis with hyper-local operational intelligence, we deliver:
- Risk-Controlled Âé¶¹Ô´´ Entry: Navigate regulatory complexities in focus markets (e.g., China’s policies).
- Product Portfolio Optimization: Align offerings with regional preferences (e.g., Diesel Locomotive dominance in Europe vs. Electric Locomotive demand in MEA).
- Competitor Counterstrategies: Decode player tactics in fragmented vs. consolidated markets.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Âé¶¹Ô´´ Overview
1.1 Locomotives (Rolling Stock) Product Scope
1.2 Locomotives (Rolling Stock) by Type
1.2.1 Global Locomotives (Rolling Stock) Sales by Type (2020 & 2024 & 2031)
1.2.2 Diesel Locomotive
1.2.3 Electric Locomotive
1.3 Locomotives (Rolling Stock) by Application
1.3.1 Global Locomotives (Rolling Stock) Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Passenger Transport
1.3.3 Freight Transport
1.4 Global Locomotives (Rolling Stock) Âé¶¹Ô´´ Estimates and Forecasts (2020-2031)
1.4.1 Global Locomotives (Rolling Stock) Âé¶¹Ô´´ Size in Value Growth Rate (2020-2031)
1.4.2 Global Locomotives (Rolling Stock) Âé¶¹Ô´´ Size in Volume Growth Rate (2020-2031)
1.4.3 Global Locomotives (Rolling Stock) Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Âé¶¹Ô´´ Size and Prospective by Region
2.1 Global Locomotives (Rolling Stock) Âé¶¹Ô´´ Size by Region: 2020 VS 2024 VS 2031
2.2 Global Locomotives (Rolling Stock) Retrospective Âé¶¹Ô´´ Scenario by Region (2020-2025)
2.2.1 Global Locomotives (Rolling Stock) Sales Âé¶¹Ô´´ Share by Region (2020-2025)
2.2.2 Global Locomotives (Rolling Stock) Revenue Âé¶¹Ô´´ Share by Region (2020-2025)
2.3 Global Locomotives (Rolling Stock) Âé¶¹Ô´´ Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Locomotives (Rolling Stock) Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Locomotives (Rolling Stock) Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Âé¶¹Ô´´ Analysis
2.4.1 North America Locomotives (Rolling Stock) Âé¶¹Ô´´ Size and Prospective (2020-2031)
2.4.2 Europe Locomotives (Rolling Stock) Âé¶¹Ô´´ Size and Prospective (2020-2031)
2.4.3 China Locomotives (Rolling Stock) Âé¶¹Ô´´ Size and Prospective (2020-2031)
2.4.4 Japan Locomotives (Rolling Stock) Âé¶¹Ô´´ Size and Prospective (2020-2031)
2.4.5 South Korea Locomotives (Rolling Stock) Âé¶¹Ô´´ Size and Prospective (2020-2031)
2.4.6 India Locomotives (Rolling Stock) Âé¶¹Ô´´ Size and Prospective (2020-2031)
3 Global Âé¶¹Ô´´ Size by Type
3.1 Global Locomotives (Rolling Stock) Historic Âé¶¹Ô´´ Review by Type (2020-2025)
3.1.1 Global Locomotives (Rolling Stock) Sales by Type (2020-2025)
3.1.2 Global Locomotives (Rolling Stock) Revenue by Type (2020-2025)
3.1.3 Global Locomotives (Rolling Stock) Price by Type (2020-2025)
3.2 Global Locomotives (Rolling Stock) Âé¶¹Ô´´ Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Locomotives (Rolling Stock) Sales Forecast by Type (2026-2031)
3.2.2 Global Locomotives (Rolling Stock) Revenue Forecast by Type (2026-2031)
3.2.3 Global Locomotives (Rolling Stock) Price Forecast by Type (2026-2031)
3.3 Different Types Locomotives (Rolling Stock) Representative Players
4 Global Âé¶¹Ô´´ Size by Application
4.1 Global Locomotives (Rolling Stock) Historic Âé¶¹Ô´´ Review by Application (2020-2025)
4.1.1 Global Locomotives (Rolling Stock) Sales by Application (2020-2025)
4.1.2 Global Locomotives (Rolling Stock) Revenue by Application (2020-2025)
4.1.3 Global Locomotives (Rolling Stock) Price by Application (2020-2025)
4.2 Global Locomotives (Rolling Stock) Âé¶¹Ô´´ Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Locomotives (Rolling Stock) Sales Forecast by Application (2026-2031)
4.2.2 Global Locomotives (Rolling Stock) Revenue Forecast by Application (2026-2031)
4.2.3 Global Locomotives (Rolling Stock) Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Locomotives (Rolling Stock) Application
5 Competition Landscape by Players
5.1 Global Locomotives (Rolling Stock) Sales by Players (2020-2025)
5.2 Global Top Locomotives (Rolling Stock) Players by Revenue (2020-2025)
5.3 Global Locomotives (Rolling Stock) Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Locomotives (Rolling Stock) as of 2024)
5.4 Global Locomotives (Rolling Stock) Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Locomotives (Rolling Stock), Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Locomotives (Rolling Stock), Product Type & Application
5.7 Global Key Manufacturers of Locomotives (Rolling Stock), Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Âé¶¹Ô´´: Players, Segments, Downstream and Major Customers
6.1.1 North America Locomotives (Rolling Stock) Sales by Company
6.1.1.1 North America Locomotives (Rolling Stock) Sales by Company (2020-2025)
6.1.1.2 North America Locomotives (Rolling Stock) Revenue by Company (2020-2025)
6.1.2 North America Locomotives (Rolling Stock) Sales Breakdown by Type (2020-2025)
6.1.3 North America Locomotives (Rolling Stock) Sales Breakdown by Application (2020-2025)
6.1.4 North America Locomotives (Rolling Stock) Major Customer
6.1.5 North America Âé¶¹Ô´´ Trend and Opportunities
6.2 Europe Âé¶¹Ô´´: Players, Segments, Downstream and Major Customers
6.2.1 Europe Locomotives (Rolling Stock) Sales by Company
6.2.1.1 Europe Locomotives (Rolling Stock) Sales by Company (2020-2025)
6.2.1.2 Europe Locomotives (Rolling Stock) Revenue by Company (2020-2025)
6.2.2 Europe Locomotives (Rolling Stock) Sales Breakdown by Type (2020-2025)
6.2.3 Europe Locomotives (Rolling Stock) Sales Breakdown by Application (2020-2025)
6.2.4 Europe Locomotives (Rolling Stock) Major Customer
6.2.5 Europe Âé¶¹Ô´´ Trend and Opportunities
6.3 China Âé¶¹Ô´´: Players, Segments, Downstream and Major Customers
6.3.1 China Locomotives (Rolling Stock) Sales by Company
6.3.1.1 China Locomotives (Rolling Stock) Sales by Company (2020-2025)
6.3.1.2 China Locomotives (Rolling Stock) Revenue by Company (2020-2025)
6.3.2 China Locomotives (Rolling Stock) Sales Breakdown by Type (2020-2025)
6.3.3 China Locomotives (Rolling Stock) Sales Breakdown by Application (2020-2025)
6.3.4 China Locomotives (Rolling Stock) Major Customer
6.3.5 China Âé¶¹Ô´´ Trend and Opportunities
6.4 Japan Âé¶¹Ô´´: Players, Segments, Downstream and Major Customers
6.4.1 Japan Locomotives (Rolling Stock) Sales by Company
6.4.1.1 Japan Locomotives (Rolling Stock) Sales by Company (2020-2025)
6.4.1.2 Japan Locomotives (Rolling Stock) Revenue by Company (2020-2025)
6.4.2 Japan Locomotives (Rolling Stock) Sales Breakdown by Type (2020-2025)
6.4.3 Japan Locomotives (Rolling Stock) Sales Breakdown by Application (2020-2025)
6.4.4 Japan Locomotives (Rolling Stock) Major Customer
6.4.5 Japan Âé¶¹Ô´´ Trend and Opportunities
6.5 South Korea Âé¶¹Ô´´: Players, Segments, Downstream and Major Customers
6.5.1 South Korea Locomotives (Rolling Stock) Sales by Company
6.5.1.1 South Korea Locomotives (Rolling Stock) Sales by Company (2020-2025)
6.5.1.2 South Korea Locomotives (Rolling Stock) Revenue by Company (2020-2025)
6.5.2 South Korea Locomotives (Rolling Stock) Sales Breakdown by Type (2020-2025)
6.5.3 South Korea Locomotives (Rolling Stock) Sales Breakdown by Application (2020-2025)
6.5.4 South Korea Locomotives (Rolling Stock) Major Customer
6.5.5 South Korea Âé¶¹Ô´´ Trend and Opportunities
6.6 India Âé¶¹Ô´´: Players, Segments, Downstream and Major Customers
6.6.1 India Locomotives (Rolling Stock) Sales by Company
6.6.1.1 India Locomotives (Rolling Stock) Sales by Company (2020-2025)
6.6.1.2 India Locomotives (Rolling Stock) Revenue by Company (2020-2025)
6.6.2 India Locomotives (Rolling Stock) Sales Breakdown by Type (2020-2025)
6.6.3 India Locomotives (Rolling Stock) Sales Breakdown by Application (2020-2025)
6.6.4 India Locomotives (Rolling Stock) Major Customer
6.6.5 India Âé¶¹Ô´´ Trend and Opportunities
7 Company Profiles and Key Figures
7.1 CRRC
7.1.1 CRRC Company Information
7.1.2 CRRC Business Overview
7.1.3 CRRC Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2020-2025)
7.1.4 CRRC Locomotives (Rolling Stock) Products Offered
7.1.5 CRRC Recent Development
7.2 GE
7.2.1 GE Company Information
7.2.2 GE Business Overview
7.2.3 GE Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2020-2025)
7.2.4 GE Locomotives (Rolling Stock) Products Offered
7.2.5 GE Recent Development
7.3 Alstom
7.3.1 Alstom Company Information
7.3.2 Alstom Business Overview
7.3.3 Alstom Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Alstom Locomotives (Rolling Stock) Products Offered
7.3.5 Alstom Recent Development
7.4 Siemens
7.4.1 Siemens Company Information
7.4.2 Siemens Business Overview
7.4.3 Siemens Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Siemens Locomotives (Rolling Stock) Products Offered
7.4.5 Siemens Recent Development
7.5 Bombardier
7.5.1 Bombardier Company Information
7.5.2 Bombardier Business Overview
7.5.3 Bombardier Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Bombardier Locomotives (Rolling Stock) Products Offered
7.5.5 Bombardier Recent Development
7.6 Hitachi
7.6.1 Hitachi Company Information
7.6.2 Hitachi Business Overview
7.6.3 Hitachi Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Hitachi Locomotives (Rolling Stock) Products Offered
7.6.5 Hitachi Recent Development
7.7 Transmashholding
7.7.1 Transmashholding Company Information
7.7.2 Transmashholding Business Overview
7.7.3 Transmashholding Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Transmashholding Locomotives (Rolling Stock) Products Offered
7.7.5 Transmashholding Recent Development
7.8 EMD (Catepiller)
7.8.1 EMD (Catepiller) Company Information
7.8.2 EMD (Catepiller) Business Overview
7.8.3 EMD (Catepiller) Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2020-2025)
7.8.4 EMD (Catepiller) Locomotives (Rolling Stock) Products Offered
7.8.5 EMD (Catepiller) Recent Development
7.9 Kawasaki Heavy Industries
7.9.1 Kawasaki Heavy Industries Company Information
7.9.2 Kawasaki Heavy Industries Business Overview
7.9.3 Kawasaki Heavy Industries Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Kawasaki Heavy Industries Locomotives (Rolling Stock) Products Offered
7.9.5 Kawasaki Heavy Industries Recent Development
7.10 Stadler Rail
7.10.1 Stadler Rail Company Information
7.10.2 Stadler Rail Business Overview
7.10.3 Stadler Rail Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Stadler Rail Locomotives (Rolling Stock) Products Offered
7.10.5 Stadler Rail Recent Development
7.11 Hyundai Rotem
7.11.1 Hyundai Rotem Company Information
7.11.2 Hyundai Rotem Business Overview
7.11.3 Hyundai Rotem Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Hyundai Rotem Locomotives (Rolling Stock) Products Offered
7.11.5 Hyundai Rotem Recent Development
8 Locomotives (Rolling Stock) Manufacturing Cost Analysis
8.1 Locomotives (Rolling Stock) Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Locomotives (Rolling Stock)
8.4 Locomotives (Rolling Stock) Industrial Chain Analysis
9 Âé¶¹Ô´´ing Channel, Distributors and Customers
9.1 Âé¶¹Ô´´ing Channel
9.2 Locomotives (Rolling Stock) Distributors List
9.3 Locomotives (Rolling Stock) Customers
10 Locomotives (Rolling Stock) Âé¶¹Ô´´ Dynamics
10.1 Locomotives (Rolling Stock) Industry Trends
10.2 Locomotives (Rolling Stock) Âé¶¹Ô´´ Drivers
10.3 Locomotives (Rolling Stock) Âé¶¹Ô´´ Challenges
10.4 Locomotives (Rolling Stock) Âé¶¹Ô´´ Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Âé¶¹Ô´´ Size Estimation
12.1.1.3 Âé¶¹Ô´´ Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
CRRC
GE
Alstom
Siemens
Bombardier
Hitachi
Transmashholding
EMD (Catepiller)
Kawasaki Heavy Industries
Stadler Rail
Hyundai Rotem
Ìý
Ìý
*If Applicable.