Locomotive Market Analysis From 2018 To 2022: Global Industry Size, Share, Trends, Manufacturers and Regional Forecast

​Locomotive Market Analysis Study 2018 provides comprehensive information on Global Locomotive Market Size, Share, Growth, Trends and Region with forecast to 2022. Report analyzes Locomotive Market for North America, Europe, APAC and Rest of the World. Report provides Global Locomotive Market by Technology (conventional locomotive, turbocharged and MAGLEVS), Application (Passenger and Freight) and by Region.
Global Locomotive Market Synopsis:

Increasing rate of urbanization has been contributing towards the growing popularity of locomotive among the general public. Expansion of rail networks in majority of developed as well as developing nations as well as growing concern among the individuals regarding environmental sustainability has had a positive impact on the global locomotives market. Significant investment by authorities across the globe in development of railway infrastructure for freight and high speed trains has also resulted in the growth of global locomotive market. Therefore the Global Locomotive Market is expected to register a CAGR of XX%.

Diesel locomotive market is also growing significantly. Majority of the revenue is generated from the after-sales market which encompasses repair and maintenance of the approximately 120,000 diesel locomotives operated worldwide. Increasing transport demand, as well as fleet refurbishments and new product platforms will spur the global locomotive market. A substantial proportion of locomotives are either operated solely for freight or used universally. The proportion of units used specifically for passenger transport has declined rapidly in the last few years. The major trend in the market is the increase in the use of autonomous locomotive engines for long distance transport. Increasing preference for non-polluting and energy-efficient transport is majorly driving the growth of the market. Also, the growth of the market is driven by the increasing government expenditure on developing rail systems for public transport.

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Locomotive Market Key Companies Listed: Bharat Heavy Electricals Limited, Berliner Maschinenbau, Lokomo, China Northern Rail Corporation Limited, Bombardier Transportation, Brookville Equipment Corporation, GE Transportation, and Alstom Ferroviaria S.p.A.

Locomotive Market – Competitive Analysis

The global locomotive market was significantly affected by the economic downturn in 2008-2010. Many operators chose to rehabilitate old locomotives instead of acquiring new ones. Companies such as Alstom or Siemens signed valuable contracts with the national Russian operator RZD. Product innovation and a widespread need for fleet renewal will drive the electric locomotive market. An increasing trend towards local suppliers is evident in Eastern Europe. New electric locomotive manufacturers with their production facilities include Pesa and ZNLE in Poland, the Czech manufacturer Skoda, and Tülomsas in Turkey.

Industry/ Innovation/ Related News:

Dec 2017- Bharat Heavy Electricals Limited has bagged Rs9900mn contract for the manufacture and supply of 150 electric locomotives from Indian Railways. The company is already executing an order for 50 numbers of similar rating locomotives for Indian Railways. These locomotives will have many firsts like ergonomically designed AC cabins for the comfort of drivers; tri-plate console for brake system resulting in compact and clean layout; state-of-the art cable management system with EPDM modules, etc.

December, 2017- Bombardier and Mercitalia Rail Signed Contract for 40 TRAXX DC3 Locomotives and Long-Term Fleet Maintenance Service. It also includes options for up to 20 additional locomotives and maintenance services, as well as an option for additional eight years of maintenance on the whole fleet.

December, 2014- State-owned China CNR Corporation Limited (CNR) and China South Locomotive & Rolling Stock Corporation Limited (CSR) merged to form a single company- China Railway Stock Corp. (CRRC) which was valued at USD 26 billion. All existing contracts nationally and internationally were transfered to CRRC, including orders worth USD 275 million from Argentina and a USD 570 million contract to supply passenger cars for Boston’s subway system.

Locomotive Market Segmentation:

The Locomotive Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Technology - conventional locomotive, turbocharged and MAGLEVS

Segmentation by Application - Passenger and Freight

Segmentation by Regions: North America, Europe, APAC and Rest of the World.

Locomotive Market – Regional Analysis

The Asia-Pacific region is estimated to dominate the locomotive market and is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the improving socio-economic conditions in developing countries such as China, India, Indonesia, and Thailand. The increased populations in countries such as China and India has resulted in increase in need for public transport, which in turn results in an increase in the number of government rail projects. The largest national fleets of electric locomotives are found today in China, Russia and India followed by Germany, Italy and France. In Western Europe, demand will always exist for new electric locomotives due to the overall size of the region's fleet, while Europe's high prices ensures it remains important for total market volume.

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