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Locomotive Market Share

Report ID: GMI6472
Published Date: Aug 2023
Report Format: PDF

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Locomotive Market Share

General Electric (GE) Transportation
Siemens Mobility
CRRC Corporation Limited
Alstom
Bombardier Transportation
Wabtec Corporation
Progress Rail (a Caterpillar Company)
Electro-Motive Diesel (EMD)
Kawasaki Heavy Industries
Hyundai Rotem
Toshiba Railway Systems Division
Stadler Rail
Transmashholding
CAF (Construcciones y Auxiliar de Ferrocarriles)
Škoda Transportation.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global market size for locomotive was valued at USD 8.8 billion in 2022, owing to rapid urbanization and infrastructural development, which are fueling the need for robust and agile rail networks.

The electric segment held over 40% of the market share in 2022, owing to the environmental advantages and operational efficiency of these rails.

Asia Pacific market generated revenue of USD 764.2 million in 2022, driven by expanding urbanization, burgeoning industrialization, and the need for efficient and sustainable transportation solutions.

Wabtec Corporation, Progress Rail (a Caterpillar Company), Electro-Motive Diesel (EMD), Kawasaki Heavy Industries, Hyundai Rotem, Toshiba Railway Systems Division, Stadler Rail, Transmashholding, CAF (Construcciones y Auxiliar de Ferrocarriles), Škoda Transportation.