North America 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
Published Date : 05-May-2025 |
Pages: 144 |
Report Format: PDF + Excel |
COVID-19 Impact on the North America Locomotive Market
Market Overview
The North America Locomotive Market would witness market growth of 8.6% CAGR during the forecast period (2025-2032).
The US market dominated the North America Locomotive Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $9,199.7 million by 2032. The Canada market is experiencing a CAGR of 10.4% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 9.8% during (2025 - 2032).
The adoption of locomotives has evolved significantly over the past century, influenced by technological advancements, environmental concerns, and the globalization of trade. The market has witnessed significant technological innovations in recent decades. The shift from steam-powered locomotives to diesel and electric engines has improved rail transport's efficiency, performance, and environmental impact. Diesel locomotives offer greater flexibility, as they can operate on unelectrified tracks, while electric locomotives provide higher speeds, greater energy efficiency, and reduced emissions.
Additionally, the integration of advanced technologies such as automatic train control (ATC), positive train control (PTC), real-time data analytics, and advanced signalling systems has enhanced locomotive safety, reliability, and operational efficiency. These innovations have made locomotives more attractive for freight and passenger operators to adopt.
North America is witnessing a significant transformation in its rail transport landscape, driven by economic development, infrastructure expansion, and increasing freight demand. With each country adopting tailored strategies to enhance its rail networks, the region collectively fuels advancements in locomotive technology, procurement, and modernization. From Canada’s expansive rail freight system to Mexico’s growing cross-border connectivity and the U.S.’s robust freight rail infrastructure, locomotive manufacturers and suppliers are finding new growth avenues across the continent.
Free Valuable Insights: The Locomotive Market is Predict to reach USD 46.78 Billion by 2032, at a CAGR of 9.3%
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 U.S., Mexico, Canada, and Rest of North America.
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.
North America 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
- US
- Canada
- Mexico
- Rest of North America
Table of contents
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Locomotive Market, by Type
1.4.2 North America Locomotive Market, by Technology
1.4.3 North America Locomotive Market, by End-use
1.4.4 North America Locomotive Market, by Component
1.4.5 North America 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. North America Locomotive Market by Type
5.1 North America Electric Market by Country
5.2 North America Diesel Market by Country
5.3 North America Other Type Market by Country
Chapter 6. North America Locomotive Market by Technology
6.1 North America IGBT Module Market by Country
6.2 North America SiC Power Module Market by Country
6.3 North America GTO Thyristor Market by Country
Chapter 7. North America Locomotive Market by End-use
7.1 North America Freight Market by Country
7.2 North America Passengers Market by Country
7.3 North America Switcher Market by Country
Chapter 8. North America Locomotive Market by Component
8.1 North America Rectifier Market by Country
8.2 North America Traction Motor Market by Country
8.3 North America Inverter Market by Country
8.4 North America Alternator Market by Country
8.5 North America Auxiliary Power Unit (APU) Market by Country
8.6 North America Other Component Market by Country
Chapter 9. North America Locomotive Market by Country
9.1 US Locomotive Market
9.1.1 US Locomotive Market by Type
9.1.2 US Locomotive Market by Component
9.1.3 US Locomotive Market by End-use
9.1.4 US Locomotive Market by Component
9.2 Canada Locomotive Market
9.2.1 Canada Locomotive Market by Type
9.2.2 Canada Locomotive Market by Component
9.2.3 Canada Locomotive Market by End-use
9.2.4 Canada Locomotive Market by Component
9.3 Mexico Locomotive Market
9.3.1 Mexico Locomotive Market by Type
9.3.2 Mexico Locomotive Market by Component
9.3.3 Mexico Locomotive Market by End-use
9.3.4 Mexico Locomotive Market by Component
9.4 Rest of North America Locomotive Market
9.4.1 Rest of North America Locomotive Market by Type
9.4.2 Rest of North America Locomotive Market by Component
9.4.3 Rest of North America Locomotive Market by End-use
9.4.4 Rest of North America 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
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Locomotive Market, by Type
1.4.2 North America Locomotive Market, by Technology
1.4.3 North America Locomotive Market, by End-use
1.4.4 North America Locomotive Market, by Component
1.4.5 North America 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. North America Locomotive Market by Type
5.1 North America Electric Market by Country
5.2 North America Diesel Market by Country
5.3 North America Other Type Market by Country
Chapter 6. North America Locomotive Market by Technology
6.1 North America IGBT Module Market by Country
6.2 North America SiC Power Module Market by Country
6.3 North America GTO Thyristor Market by Country
Chapter 7. North America Locomotive Market by End-use
7.1 North America Freight Market by Country
7.2 North America Passengers Market by Country
7.3 North America Switcher Market by Country
Chapter 8. North America Locomotive Market by Component
8.1 North America Rectifier Market by Country
8.2 North America Traction Motor Market by Country
8.3 North America Inverter Market by Country
8.4 North America Alternator Market by Country
8.5 North America Auxiliary Power Unit (APU) Market by Country
8.6 North America Other Component Market by Country
Chapter 9. North America Locomotive Market by Country
9.1 US Locomotive Market
9.1.1 US Locomotive Market by Type
9.1.2 US Locomotive Market by Component
9.1.3 US Locomotive Market by End-use
9.1.4 US Locomotive Market by Component
9.2 Canada Locomotive Market
9.2.1 Canada Locomotive Market by Type
9.2.2 Canada Locomotive Market by Component
9.2.3 Canada Locomotive Market by End-use
9.2.4 Canada Locomotive Market by Component
9.3 Mexico Locomotive Market
9.3.1 Mexico Locomotive Market by Type
9.3.2 Mexico Locomotive Market by Component
9.3.3 Mexico Locomotive Market by End-use
9.3.4 Mexico Locomotive Market by Component
9.4 Rest of North America Locomotive Market
9.4.1 Rest of North America Locomotive Market by Type
9.4.2 Rest of North America Locomotive Market by Component
9.4.3 Rest of North America Locomotive Market by End-use
9.4.4 Rest of North America 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
List of Tables
TABLE 1 North America Locomotive Market, 2021 - 2024, USD Million
TABLE 2 North America Locomotive Market, 2025 - 2032, USD Million
TABLE 3 Product Launches And Product Expansions– Locomotive Market
TABLE 4 Acquisition and Mergers– Locomotive Market
TABLE 5 North America Locomotive Market by Type, 2021 - 2024, USD Million
TABLE 6 North America Locomotive Market by Type, 2025 - 2032, USD Million
TABLE 7 North America Electric Market by Country, 2021 - 2024, USD Million
TABLE 8 North America Electric Market by Country, 2025 - 2032, USD Million
TABLE 9 North America Diesel Market by Country, 2021 - 2024, USD Million
TABLE 10 North America Diesel Market by Country, 2025 - 2032, USD Million
TABLE 11 North America Other Type Market by Country, 2021 - 2024, USD Million
TABLE 12 North America Other Type Market by Country, 2025 - 2032, USD Million
TABLE 13 North America Locomotive Market by Technology, 2021 - 2024, USD Million
TABLE 14 North America Locomotive Market by Technology, 2025 - 2032, USD Million
TABLE 15 North America IGBT Module Market by Country, 2021 - 2024, USD Million
TABLE 16 North America IGBT Module Market by Country, 2025 - 2032, USD Million
TABLE 17 North America SiC Power Module Market by Country, 2021 - 2024, USD Million
TABLE 18 North America SiC Power Module Market by Country, 2025 - 2032, USD Million
TABLE 19 North America GTO Thyristor Market by Country, 2021 - 2024, USD Million
TABLE 20 North America GTO Thyristor Market by Country, 2025 - 2032, USD Million
TABLE 21 North America Locomotive Market by End-use, 2021 - 2024, USD Million
TABLE 22 North America Locomotive Market by End-use, 2025 - 2032, USD Million
TABLE 23 North America Freight Market by Country, 2021 - 2024, USD Million
TABLE 24 North America Freight Market by Country, 2025 - 2032, USD Million
TABLE 25 North America Passengers Market by Country, 2021 - 2024, USD Million
TABLE 26 North America Passengers Market by Country, 2025 - 2032, USD Million
TABLE 27 North America Switcher Market by Country, 2021 - 2024, USD Million
TABLE 28 North America Switcher Market by Country, 2025 - 2032, USD Million
TABLE 29 North America Locomotive Market by Component, 2021 - 2024, USD Million
TABLE 30 North America Locomotive Market by Component, 2025 - 2032, USD Million
TABLE 31 North America Rectifier Market by Country, 2021 - 2024, USD Million
TABLE 32 North America Rectifier Market by Country, 2025 - 2032, USD Million
TABLE 33 North America Traction Motor Market by Country, 2021 - 2024, USD Million
TABLE 34 North America Traction Motor Market by Country, 2025 - 2032, USD Million
TABLE 35 North America Inverter Market by Country, 2021 - 2024, USD Million
TABLE 36 North America Inverter Market by Country, 2025 - 2032, USD Million
TABLE 37 North America Alternator Market by Country, 2021 - 2024, USD Million
TABLE 38 North America Alternator Market by Country, 2025 - 2032, USD Million
TABLE 39 North America Auxiliary Power Unit (APU) Market by Country, 2021 - 2024, USD Million
TABLE 40 North America Auxiliary Power Unit (APU) Market by Country, 2025 - 2032, USD Million
TABLE 41 North America Other Component Market by Country, 2021 - 2024, USD Million
TABLE 42 North America Other Component Market by Country, 2025 - 2032, USD Million
TABLE 43 North America Locomotive Market by Country, 2021 - 2024, USD Million
TABLE 44 North America Locomotive Market by Country, 2025 - 2032, USD Million
TABLE 45 US Locomotive Market, 2021 - 2024, USD Million
TABLE 46 US Locomotive Market, 2025 - 2032, USD Million
TABLE 47 US Locomotive Market by Type, 2021 - 2024, USD Million
TABLE 48 US Locomotive Market by Type, 2025 - 2032, USD Million
TABLE 49 US Locomotive Market by Technology, 2021 - 2024, USD Million
TABLE 50 US Locomotive Market by Technology, 2025 - 2032, USD Million
TABLE 51 US Locomotive Market by End-use, 2021 - 2024, USD Million
TABLE 52 US Locomotive Market by End-use, 2025 - 2032, USD Million
TABLE 53 US Locomotive Market by Component, 2021 - 2024, USD Million
TABLE 54 US Locomotive Market by Component, 2025 - 2032, USD Million
TABLE 55 Canada Locomotive Market, 2021 - 2024, USD Million
TABLE 56 Canada Locomotive Market, 2025 - 2032, USD Million
TABLE 57 Canada Locomotive Market by Type, 2021 - 2024, USD Million
TABLE 58 Canada Locomotive Market by Type, 2025 - 2032, USD Million
TABLE 59 Canada Locomotive Market by Technology, 2021 - 2024, USD Million
TABLE 60 Canada Locomotive Market by Technology, 2025 - 2032, USD Million
TABLE 61 Canada Locomotive Market by End-use, 2021 - 2024, USD Million
TABLE 62 Canada Locomotive Market by End-use, 2025 - 2032, USD Million
TABLE 63 Canada Locomotive Market by Component, 2021 - 2024, USD Million
TABLE 64 Canada Locomotive Market by Component, 2025 - 2032, USD Million
TABLE 65 Mexico Locomotive Market, 2021 - 2024, USD Million
TABLE 66 Mexico Locomotive Market, 2025 - 2032, USD Million
TABLE 67 Mexico Locomotive Market by Type, 2021 - 2024, USD Million
TABLE 68 Mexico Locomotive Market by Type, 2025 - 2032, USD Million
TABLE 69 Mexico Locomotive Market by Technology, 2021 - 2024, USD Million
TABLE 70 Mexico Locomotive Market by Technology, 2025 - 2032, USD Million
TABLE 71 Mexico Locomotive Market by End-use, 2021 - 2024, USD Million
TABLE 72 Mexico Locomotive Market by End-use, 2025 - 2032, USD Million
TABLE 73 Mexico Locomotive Market by Component, 2021 - 2024, USD Million
TABLE 74 Mexico Locomotive Market by Component, 2025 - 2032, USD Million
TABLE 75 Rest of North America Locomotive Market, 2021 - 2024, USD Million
TABLE 76 Rest of North America Locomotive Market, 2025 - 2032, USD Million
TABLE 77 Rest of North America Locomotive Market by Type, 2021 - 2024, USD Million
TABLE 78 Rest of North America Locomotive Market by Type, 2025 - 2032, USD Million
TABLE 79 Rest of North America Locomotive Market by Technology , 2021 - 2024, USD Million
TABLE 80 Rest of North America Locomotive Market by Technology, 2025 - 2032, USD Million
TABLE 81 Rest of North America Locomotive Market by End-use, 2021 - 2024, USD Million
TABLE 82 Rest of North America Locomotive Market by End-use, 2025 - 2032, USD Million
TABLE 83 Rest of North America Locomotive Market by Component, 2021 - 2024, USD Million
TABLE 84 Rest of North America Locomotive Market by Component, 2025 - 2032, USD Million
TABLE 85 Key Information – General Electric Company
TABLE 86 Key Information – Siemens AG
TABLE 87 Key Information – CRRC Corporation Limited
TABLE 88 Key Information – Kawasaki Heavy Industries, Ltd.
TABLE 89 Key Information – Alstom SA
TABLE 90 Key Information – Hitachi, Ltd.
TABLE 91 Key information – Bharat Heavy Electricals Ltd.
TABLE 92 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 93 Key Information – Hyundai Rotem Company
TABLE 94 key information – Caterpillar, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Locomotive Market, 2021 - 2032, USD Million
FIG 3 Key Factors Impacting Locomotive Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2024
FIG 6 Key Leading Strategies: Percentage Distribution (2021-2025)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions : 2023, Mar – 2025, Feb) Leading Players
FIG 8 Porter’s Five Forces Analysis – Locomotive Market
FIG 9 North America Locomotive Market share by Type, 2024
FIG 10 North America Locomotive Market share by Type, 2032
FIG 11 North America Locomotive Market by Type, 2021 - 2032, USD Million
FIG 12 North America Locomotive Market share by Technology, 2024
FIG 13 North America Locomotive Market share by Technology, 2032
FIG 14 North America Locomotive Market by Technology, 2021 - 2032, USD Million
FIG 15 North America Locomotive Market share by End-use, 2024
FIG 16 North America Locomotive Market share by End-use, 2032
FIG 17 North America Locomotive Market by End-use, 2021 - 2032, USD Million
FIG 18 North America Locomotive Market share by Component, 2024
FIG 19 North America Locomotive Market share by Component, 2032
FIG 20 North America Locomotive Market by Component, 2021 - 2032, USD Million
FIG 21 North America Locomotive Market share by Country, 2024
FIG 22 North America Locomotive Market share by Country, 2032
FIG 23 North America Locomotive Market by Country, 2021 - 2032, USD Million
FIG 24 SWOT Analysis: General electric Company
FIG 25 SWOT Analysis: Siemens AG
FIG 26 Swot Analysis: CRRC Corporation Limited
FIG 27 SWOT Analysis: Kawasaki Heavy Industries, Ltd.
FIG 28 SWOT Analysis: Alstom SA
FIG 29 Recent strategies and developments: Hitachi, Ltd.
FIG 30 Swot Analysis: Hitachi, Ltd.
FIG 31 SWOT Analysis: Bharat Heavy Electricals Ltd.
FIG 32 Swot Analysis: Mitsubishi Heavy Industries Ltd.
FIG 33 SWOT Analysis: Caterpillar, Inc.
TABLE 2 North America Locomotive Market, 2025 - 2032, USD Million
TABLE 3 Product Launches And Product Expansions– Locomotive Market
TABLE 4 Acquisition and Mergers– Locomotive Market
TABLE 5 North America Locomotive Market by Type, 2021 - 2024, USD Million
TABLE 6 North America Locomotive Market by Type, 2025 - 2032, USD Million
TABLE 7 North America Electric Market by Country, 2021 - 2024, USD Million
TABLE 8 North America Electric Market by Country, 2025 - 2032, USD Million
TABLE 9 North America Diesel Market by Country, 2021 - 2024, USD Million
TABLE 10 North America Diesel Market by Country, 2025 - 2032, USD Million
TABLE 11 North America Other Type Market by Country, 2021 - 2024, USD Million
TABLE 12 North America Other Type Market by Country, 2025 - 2032, USD Million
TABLE 13 North America Locomotive Market by Technology, 2021 - 2024, USD Million
TABLE 14 North America Locomotive Market by Technology, 2025 - 2032, USD Million
TABLE 15 North America IGBT Module Market by Country, 2021 - 2024, USD Million
TABLE 16 North America IGBT Module Market by Country, 2025 - 2032, USD Million
TABLE 17 North America SiC Power Module Market by Country, 2021 - 2024, USD Million
TABLE 18 North America SiC Power Module Market by Country, 2025 - 2032, USD Million
TABLE 19 North America GTO Thyristor Market by Country, 2021 - 2024, USD Million
TABLE 20 North America GTO Thyristor Market by Country, 2025 - 2032, USD Million
TABLE 21 North America Locomotive Market by End-use, 2021 - 2024, USD Million
TABLE 22 North America Locomotive Market by End-use, 2025 - 2032, USD Million
TABLE 23 North America Freight Market by Country, 2021 - 2024, USD Million
TABLE 24 North America Freight Market by Country, 2025 - 2032, USD Million
TABLE 25 North America Passengers Market by Country, 2021 - 2024, USD Million
TABLE 26 North America Passengers Market by Country, 2025 - 2032, USD Million
TABLE 27 North America Switcher Market by Country, 2021 - 2024, USD Million
TABLE 28 North America Switcher Market by Country, 2025 - 2032, USD Million
TABLE 29 North America Locomotive Market by Component, 2021 - 2024, USD Million
TABLE 30 North America Locomotive Market by Component, 2025 - 2032, USD Million
TABLE 31 North America Rectifier Market by Country, 2021 - 2024, USD Million
TABLE 32 North America Rectifier Market by Country, 2025 - 2032, USD Million
TABLE 33 North America Traction Motor Market by Country, 2021 - 2024, USD Million
TABLE 34 North America Traction Motor Market by Country, 2025 - 2032, USD Million
TABLE 35 North America Inverter Market by Country, 2021 - 2024, USD Million
TABLE 36 North America Inverter Market by Country, 2025 - 2032, USD Million
TABLE 37 North America Alternator Market by Country, 2021 - 2024, USD Million
TABLE 38 North America Alternator Market by Country, 2025 - 2032, USD Million
TABLE 39 North America Auxiliary Power Unit (APU) Market by Country, 2021 - 2024, USD Million
TABLE 40 North America Auxiliary Power Unit (APU) Market by Country, 2025 - 2032, USD Million
TABLE 41 North America Other Component Market by Country, 2021 - 2024, USD Million
TABLE 42 North America Other Component Market by Country, 2025 - 2032, USD Million
TABLE 43 North America Locomotive Market by Country, 2021 - 2024, USD Million
TABLE 44 North America Locomotive Market by Country, 2025 - 2032, USD Million
TABLE 45 US Locomotive Market, 2021 - 2024, USD Million
TABLE 46 US Locomotive Market, 2025 - 2032, USD Million
TABLE 47 US Locomotive Market by Type, 2021 - 2024, USD Million
TABLE 48 US Locomotive Market by Type, 2025 - 2032, USD Million
TABLE 49 US Locomotive Market by Technology, 2021 - 2024, USD Million
TABLE 50 US Locomotive Market by Technology, 2025 - 2032, USD Million
TABLE 51 US Locomotive Market by End-use, 2021 - 2024, USD Million
TABLE 52 US Locomotive Market by End-use, 2025 - 2032, USD Million
TABLE 53 US Locomotive Market by Component, 2021 - 2024, USD Million
TABLE 54 US Locomotive Market by Component, 2025 - 2032, USD Million
TABLE 55 Canada Locomotive Market, 2021 - 2024, USD Million
TABLE 56 Canada Locomotive Market, 2025 - 2032, USD Million
TABLE 57 Canada Locomotive Market by Type, 2021 - 2024, USD Million
TABLE 58 Canada Locomotive Market by Type, 2025 - 2032, USD Million
TABLE 59 Canada Locomotive Market by Technology, 2021 - 2024, USD Million
TABLE 60 Canada Locomotive Market by Technology, 2025 - 2032, USD Million
TABLE 61 Canada Locomotive Market by End-use, 2021 - 2024, USD Million
TABLE 62 Canada Locomotive Market by End-use, 2025 - 2032, USD Million
TABLE 63 Canada Locomotive Market by Component, 2021 - 2024, USD Million
TABLE 64 Canada Locomotive Market by Component, 2025 - 2032, USD Million
TABLE 65 Mexico Locomotive Market, 2021 - 2024, USD Million
TABLE 66 Mexico Locomotive Market, 2025 - 2032, USD Million
TABLE 67 Mexico Locomotive Market by Type, 2021 - 2024, USD Million
TABLE 68 Mexico Locomotive Market by Type, 2025 - 2032, USD Million
TABLE 69 Mexico Locomotive Market by Technology, 2021 - 2024, USD Million
TABLE 70 Mexico Locomotive Market by Technology, 2025 - 2032, USD Million
TABLE 71 Mexico Locomotive Market by End-use, 2021 - 2024, USD Million
TABLE 72 Mexico Locomotive Market by End-use, 2025 - 2032, USD Million
TABLE 73 Mexico Locomotive Market by Component, 2021 - 2024, USD Million
TABLE 74 Mexico Locomotive Market by Component, 2025 - 2032, USD Million
TABLE 75 Rest of North America Locomotive Market, 2021 - 2024, USD Million
TABLE 76 Rest of North America Locomotive Market, 2025 - 2032, USD Million
TABLE 77 Rest of North America Locomotive Market by Type, 2021 - 2024, USD Million
TABLE 78 Rest of North America Locomotive Market by Type, 2025 - 2032, USD Million
TABLE 79 Rest of North America Locomotive Market by Technology , 2021 - 2024, USD Million
TABLE 80 Rest of North America Locomotive Market by Technology, 2025 - 2032, USD Million
TABLE 81 Rest of North America Locomotive Market by End-use, 2021 - 2024, USD Million
TABLE 82 Rest of North America Locomotive Market by End-use, 2025 - 2032, USD Million
TABLE 83 Rest of North America Locomotive Market by Component, 2021 - 2024, USD Million
TABLE 84 Rest of North America Locomotive Market by Component, 2025 - 2032, USD Million
TABLE 85 Key Information – General Electric Company
TABLE 86 Key Information – Siemens AG
TABLE 87 Key Information – CRRC Corporation Limited
TABLE 88 Key Information – Kawasaki Heavy Industries, Ltd.
TABLE 89 Key Information – Alstom SA
TABLE 90 Key Information – Hitachi, Ltd.
TABLE 91 Key information – Bharat Heavy Electricals Ltd.
TABLE 92 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 93 Key Information – Hyundai Rotem Company
TABLE 94 key information – Caterpillar, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Locomotive Market, 2021 - 2032, USD Million
FIG 3 Key Factors Impacting Locomotive Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2024
FIG 6 Key Leading Strategies: Percentage Distribution (2021-2025)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions : 2023, Mar – 2025, Feb) Leading Players
FIG 8 Porter’s Five Forces Analysis – Locomotive Market
FIG 9 North America Locomotive Market share by Type, 2024
FIG 10 North America Locomotive Market share by Type, 2032
FIG 11 North America Locomotive Market by Type, 2021 - 2032, USD Million
FIG 12 North America Locomotive Market share by Technology, 2024
FIG 13 North America Locomotive Market share by Technology, 2032
FIG 14 North America Locomotive Market by Technology, 2021 - 2032, USD Million
FIG 15 North America Locomotive Market share by End-use, 2024
FIG 16 North America Locomotive Market share by End-use, 2032
FIG 17 North America Locomotive Market by End-use, 2021 - 2032, USD Million
FIG 18 North America Locomotive Market share by Component, 2024
FIG 19 North America Locomotive Market share by Component, 2032
FIG 20 North America Locomotive Market by Component, 2021 - 2032, USD Million
FIG 21 North America Locomotive Market share by Country, 2024
FIG 22 North America Locomotive Market share by Country, 2032
FIG 23 North America Locomotive Market by Country, 2021 - 2032, USD Million
FIG 24 SWOT Analysis: General electric Company
FIG 25 SWOT Analysis: Siemens AG
FIG 26 Swot Analysis: CRRC Corporation Limited
FIG 27 SWOT Analysis: Kawasaki Heavy Industries, Ltd.
FIG 28 SWOT Analysis: Alstom SA
FIG 29 Recent strategies and developments: Hitachi, Ltd.
FIG 30 Swot Analysis: Hitachi, Ltd.
FIG 31 SWOT Analysis: Bharat Heavy Electricals Ltd.
FIG 32 Swot Analysis: Mitsubishi Heavy Industries Ltd.
FIG 33 SWOT Analysis: Caterpillar, Inc.