What is the current locomotive market size and growth outlook?

The locomotive market generated USD 6.63 billion in 2025 and is projected to reach USD 8.07 billion by 2030 with a 4.01% CAGR. Read More

Which region leads the locomotive market?

Asia Pacific maintains leadership with 42.17% share in 2024 and continues to expand thanks to large-scale projects in China and India. Read More

Which propulsion technology is growing fastest?

Battery-electric locomotives are the fastest-growing propulsion type, advancing at a 4.61% CAGR through 2030 as zero-emission mandates tighten. Read More

What component segment shows the highest growth?

Battery packs top component growth at a 4.38% CAGR because energy storage is integral to hybrid and electric platforms. Read More

How are regulations impacting the locomotive market?

Policies such as California’s ban on locomotives older than 23 years from 2030 and extensive electrification funding in the United States and Europe are accelerating fleet renewal toward low-emission models. Read More

Which companies dominate global locomotive manufacturing?

CRRC, Alstom, Siemens, and Wabtec hold the largest combined share. Read More

Locomotive Companies

This report lists the top Locomotive companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the Locomotive industry.

About This Report
- Market Size & Share
- Market Analysis
- Trends and Insights
- Segment Analysis
- Geography Analysis
- Competitive Landscape
- Major Players
- Recent Developments
Table of Contents
SCOPE OF THE REPORT
Market Definition