Locomotive Market Size, Share & Industry Analysis, By Propulsion Type (Combustion (Diesel and Hydrogen) and Electric), By End User (Passenger and Freight), By Technology (IGBT Module, GTO Module, and SiC Module), By Component (Rectifier, Alternator, Motor, and Others), and Regional Forecast, 2026-2034

Last Updated: January 19, 2026 | Format: PDF | Report ID: FBI103285

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ATTRIBUTE	DETAILS
Study Period	2021-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2021-2024
Growth Rate	CAGR of 9.43% from 2026 to 2034
Unit	Value (USD billion) & Volume (Units)
Segmentation	Propulsion Type Combustion Diesel Hydrogen Electric By Component Rectifier Alternator Motor Others By Technology IGBT Module GTO Module SiC Module By End-user Passenger Freight By Region North America (Propulsion Type, By Component, By Propulsion Type, By Technology, By End-user) U.S. (By Propulsion Type) Canada (By Propulsion Type ) Mexico (By Propulsion Type ) Europe (Propulsion Type, By Component, By Propulsion Type, By Technology, By End-user) U.K. (By Propulsion Type) Germany (By Propulsion Type) France (By Propulsion Type) Rest of Europe (By Propulsion Type) Asia Pacific (Propulsion Type, By Component, By Propulsion Type, By Technology, By End-user) China (By Propulsion Type ) India (By Propulsion Type ) Japan (By Propulsion Type ) South Korea (By Propulsion Type ) Rest of Asia Pacific (By Propulsion Type) Rest of the World (Propulsion Type, By Component, By Propulsion Type & By Technology, By End-user)