How big is the Locomotive Market?

The Locomotive Market size is expected to reach USD 24.20 billion in 2024 and grow at a CAGR of greater than 10% to reach USD 43.58 billion by 2029. Read More

What is the current Locomotive Market size?

In 2024, the Locomotive Market size is expected to reach USD 24.20 billion. Read More

Who are the key players in Locomotive Market?

Alstom SA, Siemens AG, Hyundai Rotem, CRRC Corporation Limited and Thales Group are the major companies operating in the Locomotive Market. Read More

Which is the fastest growing region in Locomotive Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Locomotive Market?

In 2024, the Asia-Pacific accounts for the largest market share in Locomotive Market. Read More

What years does this Locomotive Market cover, and what was the market size in 2023?

In 2023, the Locomotive Market size was estimated at USD 21.78 billion. The report covers the Locomotive Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Locomotive Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key drivers of the Locomotive Market?

Key factors driving the Locomotive Market are: a) Technological advancements b) Increasing freight traffic globally c) Need for more efficient and environmentally friendly transportation solutions 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.