Market Summary
Research Methodology on Locomotive Market
The research methodology used in this report is based on a series of structured interviews conducted with past, current and potential customers of the locomotive sector. A market research toolkit is used including interviews, online surveys and focus groups.
The market analysis is conducted in the context of the global market size and current trends.
Primary Research
Primary research was conducted using a combination of structured interviews and online surveys over six months. This enabled the identification of key factors shaping the locomotive market.
The interviews were conducted with a range of customers and potential customers from countries such as the United States, Japan, China, India, Germany and Brazil.
Secondary Research
Secondary research is conducted in various sources such as industry reports, trade journals, and the company website. The secondary research aims to gain an understanding of the market size, market share, trends, customer preferences and competitive landscape.
The analysis also is across the entire value chain of the locomotive market, involving the manufacturers, distributors, freight transport companies etc.
Market Size and Forecasting
The market size and forecasting are based on primary and secondary research. The demand, supply and pricing scenarios were analyzed to arrive at the market size.
Data Triangulation
The primary and secondary research is triangulated with an in-depth analysis based on qualitative and quantitative parameters. This enables us to arrive at an estimate for the size and growth rate of the global locomotive market.
Data Validation
The data is validated using specialized software tools to ensure accuracy and objectivity in the report.
Data Analysis
The data analysis is conducted using standard tools such as SPSS and MS Excel. This was used to characterize the market based on market size and growth rate, customer preferences and competitive landscape.
We also used advanced analytics such as predictive analytics and data mining to identify opportunities in the market.
Conclusion
The research methodology used in this report helps to gain an understanding of the locomotive market globally and provides valuable insights. By using primary and secondary research methods and advanced analytics, this report provides in-depth market analysis and insights into the dynamics of the locomotive sector.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2021 | USD 13.9 Billion |
Market Size 2022 | USD 15.5 Billion |
Market Size 2030 | USD 33.5 Billion |
Compound Annual Growth Rate (CAGR) | 11.61% (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2018 & 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Technology, Component. and Region |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | CRRC Corporation Limited, AEG Power Solutions, Siemens AG, Alstom S.A, GE Transportation, Transmashholding, EMD Caterpillar, Kawasaki Heavy Industries |
Key Market Opportunities | Rising demand from electric locomotive projects |
Key Market Dynamics | Utilizing more autonomous engines will help to accelerate market expansion Rapid population growth and increasing road congestion will spur market expansion |
Major Players
Locomotive Market Segmentation
Locomotive Type Outlook (USD Billion, 2018-2030)
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Diesel
-
Electric
-
others
Locomotive Technology Outlook (USD Billion, 2018-2030)
-
IGBT Module
-
GTO Thyristor
-
SiC Module
Locomotive Component Outlook (USD Billion, 2018-2030)
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
Locomotive Regional Outlook (USD Billion, 2018-2030)
-
North America Outlook (USD Billion, 2018-2030)
-
North America Locomotive by Type
-
Diesel
-
Electric
-
Others
-
-
North America Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
North America Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
US Outlook (USD Billion, 2018-2030)
-
US Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
US Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
US Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
Canada Outlook (USD Billion, 2018-2030)
-
Canada Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Canada Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Canada Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
-
Europe Outlook (USD Billion, 2018-2030)
-
Europe Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Europe Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Europe Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
Germany Outlook (USD Billion, 2018-2030)
-
Germany Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Germany Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Germany Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
France Outlook (USD Billion, 2018-2030)
-
France Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
France Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
France Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
UK Outlook (USD Billion, 2018-2030)
-
UK Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
UK Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
UK Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
Italy Outlook (USD Billion, 2018-2030)
-
Italy Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Italy Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Italy Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
Spain Outlook (USD Billion, 2018-2030)
-
Spain Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Spain Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Spain Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
Rest Of Europe Outlook (USD Billion, 2018-2030)
-
Rest Of Europe Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Rest Of Europe Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Rest Of Europe Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
-
Asia-Pacific Outlook (USD Billion, 2018-2030)
-
Asia-Pacific Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Asia-Pacific Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Asia-Pacific Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
China Outlook (USD Billion, 2018-2030)
-
China Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
China Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
China Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
Japan Outlook (USD Billion, 2018-2030)
-
Japan Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Japan Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Japan Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
India Outlook (USD Billion, 2018-2030)
-
India Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
India Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
India Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
Australia Outlook (USD Billion, 2018-2030)
-
Australia Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Australia Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Australia Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
Rest of Asia-Pacific Outlook (USD Billion, 2018-2030)
-
Rest of Asia-Pacific Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Rest of Asia-Pacific Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Rest of Asia-Pacific Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
-
Rest of the World Outlook (USD Billion, 2018-2030)
-
Rest of the World Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Rest of the World Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Rest of the World Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
Middle East Outlook (USD Billion, 2018-2030)
-
Middle East Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Middle East Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Middle East Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
Africa Outlook (USD Billion, 2018-2030)
-
Africa Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Africa Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Africa Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
Latin America Outlook (USD Billion, 2018-2030)
-
Latin America Locomotive by Type
-
Diesel
-
Electric
-
others
-
-
Latin America Locomotive by Technology
-
IGBT Module
-
GTO Thyristor
-
SiC Module
-
-
Latin America Locomotive by Component
-
Rectifier
-
Inverter
-
Traction Motor
-
Alternator
-
Others
-
-
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