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Locomotive Market Trends

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

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Locomotive Market Trends

The integration of digital technologies and automation is a key trend fueling locomotive industry progression through 2032. Automation is streamlining tasks like braking and acceleration, enhancing safety and efficiency while reducing the workload on train crews. In November 2022, Alstom showcased advanced automation on a shunting locomotive in the Netherlands. Teaming up with ProRail and Lineas, they equipped a Lineas diesel-hydraulic shunting locomotive with Alstom's ATO technology and NIART's Elta obstacle detection system. The locomotive autonomously navigated obstacles, demonstrating effective obstacle detection up to 500 meters away, enhancing safety in shunting yards. IoT sensors, predictive maintenance algorithms, and remote monitoring systems enable real-time data analysis, optimizing performance, and minimizing downtime.

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.