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Europe Locomotive Market Size, Share & Trends Analysis Report By Type (Electric, Diesel, and Other Type), By Technology, By End-use, By Component, By Country and Growth Forecast, 2025 - 2032

Publisher Knowledge Based Value (KBV) Research
Published Apr 30, 2025
Length 153 Pages
SKU # KBV20172929

Description

The Europe Locomotive Market would witness market growth of 8.9% CAGR during the forecast period (2025-2032).

The Germany market dominated the Europe Locomotive Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $3,084.4 million by 2032. The UK market is exhibiting a CAGR of 7.9% during (2025 - 2032). Additionally, The France market would experience a CAGR of 9.9% during (2025 - 2032).

The global push for sustainability has played a significant role in adopting locomotives, especially electric-powered trains. Locomotives, particularly electric ones, offer significant environmental benefits compared to other forms of transportation, such as trucks and airplanes. Rail transport is considered one of the most energy-efficient and environmentally friendly modes of transportation, with railcars emitting far fewer greenhouse gases per ton-mile than road freight.

The adoption of locomotives is also closely tied to investments in rail infrastructure. Governments invest heavily in upgrading and expanding rail networks in many countries, increasing the demand for locomotives. High-speed rail projects, freight corridor expansions, and the introduction of smart rail technologies are contributing to the increased adoption of locomotives.

Europe is experiencing a revival in rail transportation, reflecting a strong policy-driven commitment to sustainability, regional integration, and innovation. The European Union’s climate goals and significant public and private investment in rail infrastructure are transforming the continent’s mobility landscape. According to Eurostat, rail passenger transport in the EU hit 429 billion passenger-kilometers in 2023, the highest in years. This surge in rail traffic is reshaping the market in Europe, pushing for advanced, eco-friendly, and interoperable locomotive solutions tailored to evolving passenger and freight needs.

Based on Type, the market is segmented into Electric, Diesel, and Other Type. Based on Technology, the market is segmented into IGBT Module, SiC Power Module, and GTO Thyristor. Based on End-use, the market is segmented into Freight, Passengers, and Switcher. Based on Component, the market is segmented into Rectifier, Traction Motor, Inverter, Alternator, Auxiliary Power Unit (APU), and Other Component. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled
  • General Electric Company
  • Siemens AG (Siemens Mobility)
  • CRRC Corporation Limited
  • Kawasaki Heavy Industries, Ltd.
  • Alstom SA
  • Hitachi, Ltd.
  • Bharat Heavy Electricals Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Hyundai Rotem Company (Hyundai Motor Company)
  • Caterpillar, Inc.
Europe Locomotive Market Report Segmentation

By Type
  • Electric
  • Diesel
  • Other Type
By Technology
  • IGBT Module
  • SiC Power Module
  • GTO Thyristor
By End-use
  • Freight
  • Passengers
  • Switcher
By Component
  • Rectifier
  • Traction Motor
  • Inverter
  • Alternator
  • Auxiliary Power Unit (APU)
  • Other Component
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

153 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Locomotive Market, by Type
1.4.2 Europe Locomotive Market, by Technology
1.4.3 Europe Locomotive Market, by End-use
1.4.4 Europe Locomotive Market, by Component
1.4.5 Europe Locomotive Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Product Launches and Product Expansions
4.2.2 Acquisition and Mergers
4.3 Market Share Analysis, 2024
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2023, Mar – 2025, Feb) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Locomotive Market by Type
5.1 Europe Electric Market by Country
5.2 Europe Diesel Market by Country
5.3 Europe Other Type Market by Country
Chapter 6. Europe Locomotive Market by Technology
6.1 Europe IGBT Module Market by Country
6.2 Europe SiC Power Module Market by Country
6.3 Europe GTO Thyristor Market by Country
Chapter 7. Europe Locomotive Market by End-use
7.1 Europe Freight Market by Country
7.2 Europe Passengers Market by Country
7.3 Europe Switcher Market by Country
Chapter 8. Europe Locomotive Market by Component
8.1 Europe Rectifier Market by Country
8.2 Europe Traction Motor Market by Country
8.3 Europe Inverter Market by Country
8.4 Europe Alternator Market by Country
8.5 Europe Auxiliary Power Unit (APU) Market by Country
8.6 Europe Other Component Market by Country
Chapter 9. Europe Locomotive Market by Country
9.1 Germany Locomotive Market
9.1.1 Germany Locomotive Market by Type
9.1.2 Germany Locomotive Market by Component
9.1.3 Germany Locomotive Market by End-use
9.1.4 Germany Locomotive Market by Component
9.2 UK Locomotive Market
9.2.1 UK Locomotive Market by Type
9.2.2 UK Locomotive Market by Component
9.2.3 UK Locomotive Market by End-use
9.2.4 UK Locomotive Market by Component
9.3 France Locomotive Market
9.3.1 France Locomotive Market by Type
9.3.2 France Locomotive Market by Component
9.3.3 France Locomotive Market by End-use
9.3.4 France Locomotive Market by Component
9.4 Russia Locomotive Market
9.4.1 Russia Locomotive Market by Type
9.4.2 Russia Locomotive Market by Component
9.4.3 Russia Locomotive Market by End-use
9.4.4 Russia Locomotive Market by Component
9.5 Spain Locomotive Market
9.5.1 Spain Locomotive Market by Type
9.5.2 Spain Locomotive Market by Component
9.5.3 Spain Locomotive Market by End-use
9.5.4 Spain Locomotive Market by Component
9.6 Italy Locomotive Market
9.6.1 Italy Locomotive Market by Type
9.6.2 Italy Locomotive Market by Component
9.6.3 Italy Locomotive Market by End-use
9.6.4 Italy Locomotive Market by Component
9.7 Rest of Europe Locomotive Market
9.7.1 Rest of Europe Locomotive Market by Type
9.7.2 Rest of Europe Locomotive Market by Component
9.7.3 Rest of Europe Locomotive Market by End-use
9.7.4 Rest of Europe Locomotive Market by Component
Chapter 10. Company Profiles
10.1 General Electric Company
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 SWOT Analysis
10.2 Siemens AG (Siemens Mobility)
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 CRRC Corporation Limited
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 Kawasaki Heavy Industries Ltd.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 SWOT Analysis
10.5 Alstom SA
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Product Launches and Product Expansions:
10.5.6 SWOT Analysis
10.6 Hitachi, Ltd.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Product Launches and Product Expansions:
10.6.5.2 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 Bharat Heavy Electricals Ltd.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.7.6 SWOT Analysis
10.8 Mitsubishi Heavy Industries Ltd.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Product Launches and Product Expansions:
10.8.6 SWOT Analysis
10.9 Hyundai Rotem Company (Hyundai Motor Company)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.10. Caterpillar, Inc.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expense
10.10.5 Recent strategies and developments:
10.10.5.1 Product Launches and Product Expansions:
10.10.6 SWOT Analysis

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