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Locomotives (Rolling Stock)
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'.
Product & engineering
Understand the product.
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'.
Selected research
Industry Growth & Trends
Global Locomotives (Rolling Stock) Industry Growth and Trends Forecast to 2032
Market perspective
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.
Read the full market overview
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.
Report Scope
This report provides a structured, data-driven view of the global Locomotives (Rolling Stock) market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Locomotives (Rolling Stock) market size, estimates, and forecasts are presented in terms of sales volume (Units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Locomotives (Rolling Stock) market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Locomotives (Rolling Stock).
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Locomotives (Rolling Stock) market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Locomotives (Rolling Stock) Market by Company
CRRC
GE
Alstom
Siemens
Bombardier
Hitachi
Transmashholding
EMD (Catepiller)
Kawasaki Heavy Industries
Stadler Rail
Hyundai Rotem
Locomotives (Rolling Stock) Segment by Type
Diesel Locomotive
Electric Locomotive
Locomotives (Rolling Stock) Segment by Application
Passenger Transport
Freight Transport
Locomotives (Rolling Stock) Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Locomotives (Rolling Stock) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Locomotives (Rolling Stock) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Locomotives (Rolling Stock).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Locomotives (Rolling Stock) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Locomotives (Rolling Stock) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Diesel Locomotive
- Electric Locomotive
Applications
- Passenger Transport
- Freight Transport
Companies covered
- CRRC
- GE
- Alstom
- Siemens
- Bombardier
- Hitachi
- Transmashholding
- EMD (Catepiller)
- Kawasaki Heavy Industries
- Stadler Rail
- Hyundai Rotem
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Locomotives (Rolling Stock) Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Locomotives (Rolling Stock) Sales Estimates and Forecasts (2021-2032)
- 1.3 Locomotives (Rolling Stock) Market by Type
- 1.3.1 Diesel Locomotive
- 1.3.2 Electric Locomotive
- 1.4 Global Locomotives (Rolling Stock) Market Size by Type
- 1.4.1 Global Locomotives (Rolling Stock) Market Size Overview by Type (2021-2032)
- 1.4.2 Global Locomotives (Rolling Stock) Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Locomotives (Rolling Stock) Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Locomotives (Rolling Stock) Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Locomotives (Rolling Stock) Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Locomotives (Rolling Stock) Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Locomotives (Rolling Stock) Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Locomotives (Rolling Stock) Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Locomotives (Rolling Stock) Industry Trends
- 2.2 Locomotives (Rolling Stock) Industry Drivers
- 2.3 Locomotives (Rolling Stock) Industry Opportunities and Challenges
- 2.4 Locomotives (Rolling Stock) Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Locomotives (Rolling Stock) Revenue (2021-2026)
- 3.2 Global Top Players by Locomotives (Rolling Stock) Sales (2021-2026)
- 3.3 Global Top Players by Locomotives (Rolling Stock) Price (2021-2026)
- 3.4 Global Locomotives (Rolling Stock) Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Locomotives (Rolling Stock) Major Company Production Sites & Headquarters
- 3.6 Global Locomotives (Rolling Stock) Company, Product Type & Application
- 3.7 Global Locomotives (Rolling Stock) Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Locomotives (Rolling Stock) Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Locomotives (Rolling Stock) Players Market Share by Revenue in 2025
- 3.8.3 2025 Locomotives (Rolling Stock) Tier 1, Tier 2, and Tier 3
4 Locomotives (Rolling Stock) Regional Status and Outlook
- 4.1 Global Locomotives (Rolling Stock) Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Locomotives (Rolling Stock) Historic Market Size by Region
- 4.2.1 Global Locomotives (Rolling Stock) Sales in Volume by Region (2021-2026)
- 4.2.2 Global Locomotives (Rolling Stock) Sales in Value by Region (2021-2026)
- 4.2.3 Global Locomotives (Rolling Stock) Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Locomotives (Rolling Stock) Forecasted Market Size by Region
- 4.3.1 Global Locomotives (Rolling Stock) Sales in Volume by Region (2027-2032)
- 4.3.2 Global Locomotives (Rolling Stock) Sales in Value by Region (2027-2032)
- 4.3.3 Global Locomotives (Rolling Stock) Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Locomotives (Rolling Stock) by Application
- 5.1 Locomotives (Rolling Stock) Market by Application
- 5.1.1 Passenger Transport
- 5.1.2 Freight Transport
- 5.2 Global Locomotives (Rolling Stock) Market Size by Application
- 5.2.1 Global Locomotives (Rolling Stock) Market Size Overview by Application (2021-2032)
- 5.2.2 Global Locomotives (Rolling Stock) Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Locomotives (Rolling Stock) Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Locomotives (Rolling Stock) Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Locomotives (Rolling Stock) Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Locomotives (Rolling Stock) Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Locomotives (Rolling Stock) Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Locomotives (Rolling Stock) Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 CRRC
- 6.1.1 CRRC Company Information
- 6.1.2 CRRC Business Overview
- 6.1.3 CRRC Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 CRRC Locomotives (Rolling Stock) Product Portfolio
- 6.1.5 CRRC Recent Developments
- 6.2 GE
- 6.2.1 GE Company Information
- 6.2.2 GE Business Overview
- 6.2.3 GE Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 GE Locomotives (Rolling Stock) Product Portfolio
- 6.2.5 GE Recent Developments
- 6.3 Alstom
- 6.3.1 Alstom Company Information
- 6.3.2 Alstom Business Overview
- 6.3.3 Alstom Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Alstom Locomotives (Rolling Stock) Product Portfolio
- 6.3.5 Alstom Recent Developments
- 6.4 Siemens
- 6.4.1 Siemens Company Information
- 6.4.2 Siemens Business Overview
- 6.4.3 Siemens Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Siemens Locomotives (Rolling Stock) Product Portfolio
- 6.4.5 Siemens Recent Developments
- 6.5 Bombardier
- 6.5.1 Bombardier Company Information
- 6.5.2 Bombardier Business Overview
- 6.5.3 Bombardier Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Bombardier Locomotives (Rolling Stock) Product Portfolio
- 6.5.5 Bombardier Recent Developments
- 6.6 Hitachi
- 6.6.1 Hitachi Company Information
- 6.6.2 Hitachi Business Overview
- 6.6.3 Hitachi Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Hitachi Locomotives (Rolling Stock) Product Portfolio
- 6.6.5 Hitachi Recent Developments
- 6.7 Transmashholding
- 6.7.1 Transmashholding Company Information
- 6.7.2 Transmashholding Business Overview
- 6.7.3 Transmashholding Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Transmashholding Locomotives (Rolling Stock) Product Portfolio
- 6.7.5 Transmashholding Recent Developments
- 6.8 EMD (Catepiller)
- 6.8.1 EMD (Catepiller) Company Information
- 6.8.2 EMD (Catepiller) Business Overview
- 6.8.3 EMD (Catepiller) Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 EMD (Catepiller) Locomotives (Rolling Stock) Product Portfolio
- 6.8.5 EMD (Catepiller) Recent Developments
- 6.9 Kawasaki Heavy Industries
- 6.9.1 Kawasaki Heavy Industries Company Information
- 6.9.2 Kawasaki Heavy Industries Business Overview
- 6.9.3 Kawasaki Heavy Industries Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Kawasaki Heavy Industries Locomotives (Rolling Stock) Product Portfolio
- 6.9.5 Kawasaki Heavy Industries Recent Developments
- 6.10 Stadler Rail
- 6.10.1 Stadler Rail Company Information
- 6.10.2 Stadler Rail Business Overview
- 6.10.3 Stadler Rail Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Stadler Rail Locomotives (Rolling Stock) Product Portfolio
- 6.10.5 Stadler Rail Recent Developments
- 6.11 Hyundai Rotem
- 6.11.1 Hyundai Rotem Company Information
- 6.11.2 Hyundai Rotem Business Overview
- 6.11.3 Hyundai Rotem Locomotives (Rolling Stock) Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Hyundai Rotem Locomotives (Rolling Stock) Product Portfolio
- 6.11.5 Hyundai Rotem Recent Developments
7 North America by Country
- 7.1 North America Locomotives (Rolling Stock) Sales by Country
- 7.1.1 North America Locomotives (Rolling Stock) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Locomotives (Rolling Stock) Sales by Country (2021-2026)
- 7.1.3 North America Locomotives (Rolling Stock) Sales Forecast by Country (2027-2032)
- 7.2 North America Locomotives (Rolling Stock) Market Size by Country
- 7.2.1 North America Locomotives (Rolling Stock) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Locomotives (Rolling Stock) Market Size by Country (2021-2026)
- 7.2.3 North America Locomotives (Rolling Stock) Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Locomotives (Rolling Stock) Sales by Country
- 8.1.1 Europe Locomotives (Rolling Stock) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Locomotives (Rolling Stock) Sales by Country (2021-2026)
- 8.1.3 Europe Locomotives (Rolling Stock) Sales Forecast by Country (2027-2032)
- 8.2 Europe Locomotives (Rolling Stock) Market Size by Country
- 8.2.1 Europe Locomotives (Rolling Stock) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Locomotives (Rolling Stock) Market Size by Country (2021-2026)
- 8.2.3 Europe Locomotives (Rolling Stock) Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Locomotives (Rolling Stock) Sales by Country
- 9.1.1 Asia-Pacific Locomotives (Rolling Stock) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Locomotives (Rolling Stock) Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Locomotives (Rolling Stock) Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Locomotives (Rolling Stock) Market Size by Country
- 9.2.1 Asia-Pacific Locomotives (Rolling Stock) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Locomotives (Rolling Stock) Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Locomotives (Rolling Stock) Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Locomotives (Rolling Stock) Sales by Country
- 10.1.1 South America Locomotives (Rolling Stock) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Locomotives (Rolling Stock) Sales by Country (2021-2026)
- 10.1.3 South America Locomotives (Rolling Stock) Sales Forecast by Country (2027-2032)
- 10.2 South America Locomotives (Rolling Stock) Market Size by Country
- 10.2.1 South America Locomotives (Rolling Stock) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Locomotives (Rolling Stock) Market Size by Country (2021-2026)
- 10.2.3 South America Locomotives (Rolling Stock) Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Locomotives (Rolling Stock) Sales by Country
- 11.1.1 Middle East and Africa Locomotives (Rolling Stock) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Locomotives (Rolling Stock) Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Locomotives (Rolling Stock) Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Locomotives (Rolling Stock) Market Size by Country
- 11.2.1 Middle East and Africa Locomotives (Rolling Stock) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Locomotives (Rolling Stock) Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Locomotives (Rolling Stock) Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Locomotives (Rolling Stock) Value Chain Analysis
- 12.1.1 Locomotives (Rolling Stock) Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Locomotives (Rolling Stock) Production Mode & Process
- 12.2 Locomotives (Rolling Stock) Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Locomotives (Rolling Stock) Distributors
- 12.2.3 Locomotives (Rolling Stock) Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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