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Locomotive Market Size, Share, and Growth Forecast, 2026 - 2033

Locomotive Market by Propulsion (Diesel-Electric, Low-Emission Diesel, Electric, Battery-Electric, Hydrogen Fuel Cell, LNG/CNG), Application (Freight, Passenger, Switcher & Shunting, Industrial & Port, Maintenance-of-Way), Technology (AC Traction Systems, DC Traction Systems, IGBT-based Power Electronics, SiC Power Modules, Permanent Magnet Traction Motors, Regenerative Braking Systems, Others), and Regional Analysis for 2026 - 2033

ID: PMRREP36041| 200 Pages | 22 Jan 2026 | Format: PDF, Excel, PPT* | Automotive & Transportation

Market Growth and Regional Outlook Report by Persistence Market Research

Table of Content

  1. Executive Summary
    1. Global Locomotive Market Snapshot, 2026 and 2033
    2. Market Opportunity Assessment, 2026 - 2033, US$ Bn
    3. Key Market Trends
    4. Future Market Projections
    5. Premium Market Insights
    6. Product Developments and Key Market Events
    7. PMR Analysis and Recommendations
  2. Market Overview
    1. Market Scope and Definition
    2. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunity
      4. Key Trends
    3. Macro-economic Factors
      1. Global SectAC Traction Systems Outlook
      2. Global GDP Growth Outlook
    4. COVID-19 Impact Analysis
    5. Forecast Factors - Relevance and Impact
  3. Value Added Insights
    1. Tool Adoption Analysis
    2. Regulatory Landscape
    3. Value Chain Analysis
    4. PESTLE Analysis
    5. Porter’s Five Force Analysis
  4. Price Analysis, 2025A
    1. Key Highlights
    2. Key Factors Impacting Deployment Costs
    3. Pricing Analysis, By Propulsion
  5. Global Locomotive Market Outlook
    1. Key Highlights
      1. Market Volume (Units) Projections
      2. Market Size (US$ Bn) and Y-o-Y Growth
      3. Absolute $ Opportunity
    2. Market Size (US$ Bn) and Volume (Units) Analysis and Forecast
      1. Historical Market Size (US$ Bn) Analysis, 2020-2025
      2. Current Market Size (US$ Bn) Analysis and Forecast, 2026 - 2033
    3. Global Locomotive Market Outlook: Propulsion
      1. Introduction / Key Findings
      2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Propulsion, 2020 - 2025
      3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion, 2026 - 2033
        1. Diesel-Electric
        2. Low-Emission Diesel
        3. Electric
        4. Battery-Electric
        5. Hydrogen Fuel Cell
        6. LNG/CNG
      4. Market Attractiveness Analysis: Propulsion
    4. Global Locomotive Market Outlook: Application
      1. Introduction / Key Findings
      2. Historical Market Size (US$ Bn) Analysis, By Application, 2020 - 2025
      3. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2026 - 2033
        1. Freight
        2. Passenger
        3. Switcher & Shunting
        4. Industrial & Port
        5. Maintenance-of-Way
      4. Market Attractiveness Analysis: Application
    5. Global Locomotive Market Outlook: Technology
      1. Introduction / Key Findings
      2. Historical Market Size (US$ Bn) Analysis, By Technology, 2020 - 2025
      3. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2026 - 2033
        1. AC Traction Systems
        2. DC Traction Systems
        3. Insulated Gate Bipolar Transistor (IGBT)-based Power Electronics
        4. Silicon Carbide (SiC) Power Modules
        5. Permanent Magnet Traction Motors
        6. Regenerative Braking Systems
        7. Others
      4. Market Attractiveness Analysis: Technology
  6. Global Locomotive Market Outlook: Region
    1. Key Highlights
    2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Region, 2020 - 2025
    3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Region, 2026 - 2033
      1. North America
      2. Europe
      3. East Asia
      4. South Asia and Oceania
      5. Latin America
      6. Middle East & Africa
    4. Market Attractiveness Analysis: Region
  7. North America Locomotive Market Outlook
    1. Key Highlights
    2. Historical Market Size (US$ Bn) Analysis, By Market, 2020 - 2025
      1. By Country
      2. By Propulsion
      3. By Application
      4. By Technology
    3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2026 - 2033
      1. U.S.
      2. Canada
    4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion, 2026 - 2033
      1. Diesel-Electric
      2. Low-Emission Diesel
      3. Electric
      4. Battery-Electric
      5. Hydrogen Fuel Cell
      6. LNG/CNG
    5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2026 - 2033
      1. Freight
      2. Passenger
      3. Switcher & Shunting
      4. Industrial & Port
      5. Maintenance-of-Way
    6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025-2032
      1. AC Traction Systems
      2. DC Traction Systems
      3. Insulated Gate Bipolar Transistor (IGBT)-based Power Electronics
      4. Silicon Carbide (SiC) Power Modules
      5. Permanent Magnet Traction Motors
      6. Regenerative Braking Systems
      7. Others
    7. Market Attractiveness Analysis
  8. Europe Locomotive Market Outlook
    1. Key Highlights
    2. Historical Market Size (US$ Bn) Analysis, By Market, 2020 - 2025
      1. By Country
      2. By Propulsion
      3. By Application
      4. Technology
    3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2026 - 2033
      1. Germany
      2. France
      3. U.K.
      4. Italy
      5. Spain
      6. Russia
      7. Türkiye
      8. Rest of Europe
    4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion, 2026 - 2033
      1. Diesel-Electric
      2. Low-Emission Diesel
      3. Electric
      4. Battery-Electric
      5. Hydrogen Fuel Cell
      6. LNG/CNG
    5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2026 - 2033
      1. Freight
      2. Passenger
      3. Switcher & Shunting
      4. Industrial & Port
      5. Maintenance-of-Way
    6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025-2032
      1. AC Traction Systems
      2. DC Traction Systems
      3. Insulated Gate Bipolar Transistor (IGBT)-based Power Electronics
      4. Silicon Carbide (SiC) Power Modules
      5. Permanent Magnet Traction Motors
      6. Regenerative Braking Systems
      7. Others
    7. Market Attractiveness Analysis
  9. East Asia Locomotive Market Outlook
    1. Key Highlights
    2. Historical Market Size (US$ Bn) Analysis, By Market, 2020 - 2025
      1. By Country
      2. By Propulsion
      3. By Application
      4. By Technology
    3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2026 - 2033
      1. China
      2. Japan
      3. South Korea
    4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion, 2026 - 2033
      1. Diesel-Electric
      2. Low-Emission Diesel
      3. Electric
      4. Battery-Electric
      5. Hydrogen Fuel Cell
      6. LNG/CNG
    5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2026 - 2033
      1. Freight
      2. Passenger
      3. Switcher & Shunting
      4. Industrial & Port
      5. Maintenance-of-Way
    6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025-2032
      1. AC Traction Systems
      2. DC Traction Systems
      3. Insulated Gate Bipolar Transistor (IGBT)-based Power Electronics
      4. Silicon Carbide (SiC) Power Modules
      5. Permanent Magnet Traction Motors
      6. Regenerative Braking Systems
      7. Others
    7. Market Attractiveness Analysis
  10. South Asia & Oceania Locomotive Market Outlook
    1. Key Highlights
    2. Historical Market Size (US$ Bn) Analysis, By Market, 2020 - 2025
      1. By Country
      2. By Propulsion
      3. By Application
      4. By Technology
    3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2026 - 2033
      1. India
      2. Southeast Asia
      3. ANZ
      4. Rest of South Asia & Oceania
    4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion, 2026 - 2033
      1. Diesel-Electric
      2. Low-Emission Diesel
      3. Electric
      4. Battery-Electric
      5. Hydrogen Fuel Cell
      6. LNG/CNG
    5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2026 - 2033
      1. Freight
      2. Passenger
      3. Switcher & Shunting
      4. Industrial & Port
      5. Maintenance-of-Way
    6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025-2032
      1. AC Traction Systems
      2. DC Traction Systems
      3. Insulated Gate Bipolar Transistor (IGBT)-based Power Electronics
      4. Silicon Carbide (SiC) Power Modules
      5. Permanent Magnet Traction Motors
      6. Regenerative Braking Systems
      7. Others
    7. Market Attractiveness Analysis
  11. Latin America Locomotive Market Outlook
    1. Key Highlights
    2. Historical Market Size (US$ Bn) Analysis, By Market, 2020 - 2025
      1. By Country
      2. By Propulsion
      3. By Application
      4. By Technology
    3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2026 - 2033
      1. Brazil
      2. Mexico
      3. Rest of Latin America
    4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion, 2026 - 2033
      1. Diesel-Electric
      2. Low-Emission Diesel
      3. Electric
      4. Battery-Electric
      5. Hydrogen Fuel Cell
      6. LNG/CNG
    5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2026 - 2033
      1. Freight
      2. Passenger
      3. Switcher & Shunting
      4. Industrial & Port
      5. Maintenance-of-Way
    6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025-2032
      1. AC Traction Systems
      2. DC Traction Systems
      3. Insulated Gate Bipolar Transistor (IGBT)-based Power Electronics
      4. Silicon Carbide (SiC) Power Modules
      5. Permanent Magnet Traction Motors
      6. Regenerative Braking Systems
      7. Others
    7. Market Attractiveness Analysis
  12. Middle East & Africa Locomotive Market Outlook
    1. Key Highlights
    2. Historical Market Size (US$ Bn) Analysis, By Market, 2020 - 2025
      1. By Country
      2. By Propulsion
      3. By Application
      4. By Technology
    3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2026 - 2033
      1. GCC Countries
      2. Egypt
      3. South Africa
      4. Northern Africa
      5. Rest of Middle East & Africa
    4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion, 2026 - 2033
      1. Diesel-Electric
      2. Low-Emission Diesel
      3. Electric
      4. Battery-Electric
      5. Hydrogen Fuel Cell
      6. LNG/CNG
    5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2026 - 2033
      1. Freight
      2. Passenger
      3. Switcher & Shunting
      4. Industrial & Port
      5. Maintenance-of-Way
    6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025-2032
      1. AC Traction Systems
      2. DC Traction Systems
      3. Insulated Gate Bipolar Transistor (IGBT)-based Power Electronics
      4. Silicon Carbide (SiC) Power Modules
      5. Permanent Magnet Traction Motors
      6. Regenerative Braking Systems
      7. Others
    7. Market Attractiveness Analysis
  13. Competition Landscape
    1. Market Share Analysis, 2025
    2. Market Structure
      1. Competition Intensity Mapping By Market
      2. Competition Dashboard
    3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
      1. CRRC Corporation Limited
        1. Overview
        2. Segments and Deployments
        3. Key Financials
        4. Market Developments
        5. Market Strategy
      2. Siemens Mobility GmbH
      3. Alstom SA
      4. Wabtec Corporation
      5. Hitachi Rail Ltd.
      6. Bharat Heavy Electricals Limited (BHEL)
      7. Kawasaki Heavy Industries Ltd.
      8. GE Transportation
      9. Stadler Rail AG
      10. Bombardier Transportation
      11. Mitsubishi Heavy Industries Ltd.
      12. Toshiba Infrastructure Systems & Solutions
      13. Hyundai Rotem Company
      14. National Railway Equipment Company (NRE)
  14. Appendix
    1. Research Methodology
    2. Research Assumptions
    3. Acronyms and Abbreviations
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