Locomotives, wagons, & other rolling stock manufacturing companies manufacture and/or rebuild locomotives, and locomotive frames and parts. This industry does not include manufacturing of locomotive fuel lubricating or cooling medium pumps, industrial locomotives and parts, and mining locomotives and parts. Establishments manufacturing railroad cars, car equipment, light rail cars, rapid transit cars, subway cars, and streetcars, trams and car equipment used in long distance and intercity rail transportation such as metro railways are also part of this market. This industry does not include manufacturing of mining rail cars, or repairing of railroad engines and transit cars.
Manufacture of Locomotives, Wagons, & Other Rolling Stock Global Market Size
The global manufacture of locomotives, wagons, & other rolling stock market was valued at $90.9 billion in 2017. Asia Pacific was the largest geographic region accounting for $34.6 billion or 38.1% of the global market. China was the largest country accounting for $19.2 billion or 21.2% of the global manufacture of locomotives, wagons, & other rolling stock market.
Manufacture of Locomotives, Wagons, & Other Rolling Stock Global Market Trend
Ultra-low emission locomotives are being developed by locomotives manufacturers. Ultra-low emission locomotives emit low emissions compared to traditional locomotives and these locomotives also reduce exhaust gas or flue gas emissions. These engines enable rail transportation companies to meet government regulations with respect to carbon emissions and minimize health risks such as heart, respiratory diseases and cancer for the population residing close to rail yards.
The companies covered are Bombardier, Alstom, China South Locomotive and Rolling Stock (CSR), China Northern Locomotive and Rolling Stock (CNR), and Siemens.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.