Global Train Propulsion System Market Research Report 2024

Train Propulsion System Market

The global Train Propulsion System market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.

According to the data of China Association of Metros, by the end of 2022, 55 cities in mainland China have opened urban rail transit and 308 operating lines. The total length of operating lines is 10287.45 km, ranking first in the world and accounting for 26.2% of the total global mileage. 1080.63 km of new operating lines were added in 2022. By the end of 2022, 545 cities in 78 countries and regions will have opened urban rail transit, with more than 41,386.12 km of operational mileage. Compared to 2021, the total mileage of urban rail transit worldwide would increase by 4,531.92 km, an increase of 11.0%, of which 1,293.45 km of subway mileage, 788.11 km of light rail mileage and 2,450.36 km of tram mileage would increase, accounting for 28.5%, 17.4% and 54.1% of the total increase respectively.

This report aims to provide a comprehensive presentation of the global market for Train Propulsion System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Train Propulsion System.

Report Scope

The Train Propulsion System market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Train Propulsion System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Train Propulsion System companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

ABB

ALSTOM

Bombardier

CRRC

GENERAL ELECTRIC

Hitachi

Hyundai Rotem

Siemens

Mitsubishi Heavy Industries

Toshiba

Diesel

Diesel-Electric

Electric Locomotive

Light Rail /Tram

Subway/Metro

Monorail

High Speed Trains

North America

United States

Canada

Europe

Germany

France

UK

Italy

Russia

Nordic Countries

Rest of Europe

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Australia

Rest of Asia

Latin America

Mexico

Brazil

Rest of Latin America

Middle East & Africa

Turkey

Saudi Arabia

UAE

Rest of MEA

Scope of Train Propulsion System Market Report

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of Train Propulsion System companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 12: The main points and conclusions of the report.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Train Propulsion System Market Size Growth Rate by Type: 2019 VS 2023 VS 2030

1.2.2 Diesel

1.2.3 Diesel-Electric

1.2.4 Electric Locomotive

1.3 Market by Application

1.3.1 Global Train Propulsion System Market Growth by Application: 2019 VS 2023 VS 2030

1.3.2 Light Rail /Tram

1.3.3 Subway/Metro

1.3.4 Monorail

1.3.5 High Speed Trains

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Train Propulsion System Market Perspective (2019-2030)

2.2 Train Propulsion System Growth Trends by Region

2.2.1 Global Train Propulsion System Market Size by Region: 2019 VS 2023 VS 2030

2.2.2 Train Propulsion System Historic Market Size by Region (2019-2024)

2.2.3 Train Propulsion System Forecasted Market Size by Region (2025-2030)

2.3 Train Propulsion System Market Dynamics

2.3.1 Train Propulsion System Industry Trends

2.3.2 Train Propulsion System Market Drivers

2.3.3 Train Propulsion System Market Challenges

2.3.4 Train Propulsion System Market Restraints

3.1 Global Top Train Propulsion System Players by Revenue

3.1.1 Global Top Train Propulsion System Players by Revenue (2019-2024)

3.1.2 Global Train Propulsion System Revenue Market Share by Players (2019-2024)

3.2 Global Train Propulsion System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Train Propulsion System Revenue

3.4 Global Train Propulsion System Market Concentration Ratio

3.4.1 Global Train Propulsion System Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Train Propulsion System Revenue in 2023

3.5 Train Propulsion System Key Players Head office and Area Served

3.6 Key Players Train Propulsion System Product Solution and Service

3.7 Date of Enter into Train Propulsion System Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Train Propulsion System Historic Market Size by Type (2019-2024)

4.2 Global Train Propulsion System Forecasted Market Size by Type (2025-2030)

5.1 Global Train Propulsion System Historic Market Size by Application (2019-2024)

5.2 Global Train Propulsion System Forecasted Market Size by Application (2025-2030)

6.1 North America Train Propulsion System Market Size (2019-2030)

6.2 North America Train Propulsion System Market Growth Rate by Country: 2019 VS 2023 VS 2030

6.3 North America Train Propulsion System Market Size by Country (2019-2024)

6.4 North America Train Propulsion System Market Size by Country (2025-2030)

6.5 United States

6.6 Canada

7.1 Europe Train Propulsion System Market Size (2019-2030)

7.2 Europe Train Propulsion System Market Growth Rate by Country: 2019 VS 2023 VS 2030

7.3 Europe Train Propulsion System Market Size by Country (2019-2024)

7.4 Europe Train Propulsion System Market Size by Country (2025-2030)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Train Propulsion System Market Size (2019-2030)

8.2 Asia-Pacific Train Propulsion System Market Growth Rate by Region: 2019 VS 2023 VS 2030

8.3 Asia-Pacific Train Propulsion System Market Size by Region (2019-2024)

8.4 Asia-Pacific Train Propulsion System Market Size by Region (2025-2030)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Train Propulsion System Market Size (2019-2030)

9.2 Latin America Train Propulsion System Market Growth Rate by Country: 2019 VS 2023 VS 2030

9.3 Latin America Train Propulsion System Market Size by Country (2019-2024)

9.4 Latin America Train Propulsion System Market Size by Country (2025-2030)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Train Propulsion System Market Size (2019-2030)

10.2 Middle East & Africa Train Propulsion System Market Growth Rate by Country: 2019 VS 2023 VS 2030

10.3 Middle East & Africa Train Propulsion System Market Size by Country (2019-2024)

10.4 Middle East & Africa Train Propulsion System Market Size by Country (2025-2030)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 ABB

11.1.1 ABB Company Detail

11.1.2 ABB Business Overview

11.1.3 ABB Train Propulsion System Introduction

11.1.4 ABB Revenue in Train Propulsion System Business (2019-2024)

11.1.5 ABB Recent Development

11.2 ALSTOM

11.2.1 ALSTOM Company Detail

11.2.2 ALSTOM Business Overview

11.2.3 ALSTOM Train Propulsion System Introduction

11.2.4 ALSTOM Revenue in Train Propulsion System Business (2019-2024)

11.2.5 ALSTOM Recent Development

11.3 Bombardier

11.3.1 Bombardier Company Detail

11.3.2 Bombardier Business Overview

11.3.3 Bombardier Train Propulsion System Introduction

11.3.4 Bombardier Revenue in Train Propulsion System Business (2019-2024)

11.3.5 Bombardier Recent Development

11.4 CRRC

11.4.1 CRRC Company Detail

11.4.2 CRRC Business Overview

11.4.3 CRRC Train Propulsion System Introduction

11.4.4 CRRC Revenue in Train Propulsion System Business (2019-2024)

11.4.5 CRRC Recent Development

11.5 GENERAL ELECTRIC

11.5.1 GENERAL ELECTRIC Company Detail

11.5.2 GENERAL ELECTRIC Business Overview

11.5.3 GENERAL ELECTRIC Train Propulsion System Introduction

11.5.4 GENERAL ELECTRIC Revenue in Train Propulsion System Business (2019-2024)

11.5.5 GENERAL ELECTRIC Recent Development

11.6 Hitachi

11.6.1 Hitachi Company Detail

11.6.2 Hitachi Business Overview

11.6.3 Hitachi Train Propulsion System Introduction

11.6.4 Hitachi Revenue in Train Propulsion System Business (2019-2024)

11.6.5 Hitachi Recent Development

11.7 Hyundai Rotem

11.7.1 Hyundai Rotem Company Detail

11.7.2 Hyundai Rotem Business Overview

11.7.3 Hyundai Rotem Train Propulsion System Introduction

11.7.4 Hyundai Rotem Revenue in Train Propulsion System Business (2019-2024)

11.7.5 Hyundai Rotem Recent Development

11.8 Siemens

11.8.1 Siemens Company Detail

11.8.2 Siemens Business Overview

11.8.3 Siemens Train Propulsion System Introduction

11.8.4 Siemens Revenue in Train Propulsion System Business (2019-2024)

11.8.5 Siemens Recent Development

11.9 Mitsubishi Heavy Industries

11.9.1 Mitsubishi Heavy Industries Company Detail

11.9.2 Mitsubishi Heavy Industries Business Overview

11.9.3 Mitsubishi Heavy Industries Train Propulsion System Introduction

11.9.4 Mitsubishi Heavy Industries Revenue in Train Propulsion System Business (2019-2024)

11.9.5 Mitsubishi Heavy Industries Recent Development

11.10 Toshiba

11.10.1 Toshiba Company Detail

11.10.2 Toshiba Business Overview

11.10.3 Toshiba Train Propulsion System Introduction

11.10.4 Toshiba Revenue in Train Propulsion System Business (2019-2024)

11.10.5 Toshiba Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Train Propulsion System Market Size Growth Rate by Type (US$ Million): 2019 VS 2023 VS 2030

    Table 2. Key Players of Diesel

    Table 3. Key Players of Diesel-Electric

    Table 4. Key Players of Electric Locomotive

    Table 5. Global Train Propulsion System Market Size Growth by Application (US$ Million): 2019 VS 2023 VS 2030

    Table 6. Global Train Propulsion System Market Size by Region (US$ Million): 2019 VS 2023 VS 2030

    Table 7. Global Train Propulsion System Market Size by Region (2019-2024) & (US$ Million)

    Table 8. Global Train Propulsion System Market Share by Region (2019-2024)

    Table 9. Global Train Propulsion System Forecasted Market Size by Region (2025-2030) & (US$ Million)

    Table 10. Global Train Propulsion System Market Share by Region (2025-2030)

    Table 11. Train Propulsion System Market Trends

    Table 12. Train Propulsion System Market Drivers

    Table 13. Train Propulsion System Market Challenges

    Table 14. Train Propulsion System Market Restraints

    Table 15. Global Train Propulsion System Revenue by Players (2019-2024) & (US$ Million)

    Table 16. Global Train Propulsion System Market Share by Players (2019-2024)

    Table 17. Global Top Train Propulsion System Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Train Propulsion System as of 2023)

    Table 18. Ranking of Global Top Train Propulsion System Companies by Revenue (US$ Million) in 2023

    Table 19. Global 5 Largest Players Market Share by Train Propulsion System Revenue (CR5 and HHI) & (2019-2024)

    Table 20. Key Players Headquarters and Area Served

    Table 21. Key Players Train Propulsion System Product Solution and Service

    Table 22. Date of Enter into Train Propulsion System Market

    Table 23. Mergers & Acquisitions, Expansion Plans

    Table 24. Global Train Propulsion System Market Size by Type (2019-2024) & (US$ Million)

    Table 25. Global Train Propulsion System Revenue Market Share by Type (2019-2024)

    Table 26. Global Train Propulsion System Forecasted Market Size by Type (2025-2030) & (US$ Million)

    Table 27. Global Train Propulsion System Revenue Market Share by Type (2025-2030)

    Table 28. Global Train Propulsion System Market Size by Application (2019-2024) & (US$ Million)

    Table 29. Global Train Propulsion System Revenue Market Share by Application (2019-2024)

    Table 30. Global Train Propulsion System Forecasted Market Size by Application (2025-2030) & (US$ Million)

    Table 31. Global Train Propulsion System Revenue Market Share by Application (2025-2030)

    Table 32. North America Train Propulsion System Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

    Table 33. North America Train Propulsion System Market Size by Country (2019-2024) & (US$ Million)

    Table 34. North America Train Propulsion System Market Size by Country (2025-2030) & (US$ Million)

    Table 35. Europe Train Propulsion System Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

    Table 36. Europe Train Propulsion System Market Size by Country (2019-2024) & (US$ Million)

    Table 37. Europe Train Propulsion System Market Size by Country (2025-2030) & (US$ Million)

    Table 38. Asia-Pacific Train Propulsion System Market Size Growth Rate by Region (US$ Million): 2019 VS 2023 VS 2030

    Table 39. Asia-Pacific Train Propulsion System Market Size by Region (2019-2024) & (US$ Million)

    Table 40. Asia-Pacific Train Propulsion System Market Size by Region (2025-2030) & (US$ Million)

    Table 41. Latin America Train Propulsion System Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

    Table 42. Latin America Train Propulsion System Market Size by Country (2019-2024) & (US$ Million)

    Table 43. Latin America Train Propulsion System Market Size by Country (2025-2030) & (US$ Million)

    Table 44. Middle East & Africa Train Propulsion System Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

    Table 45. Middle East & Africa Train Propulsion System Market Size by Country (2019-2024) & (US$ Million)

    Table 46. Middle East & Africa Train Propulsion System Market Size by Country (2025-2030) & (US$ Million)

    Table 47. ABB Company Detail

    Table 48. ABB Business Overview

    Table 49. ABB Train Propulsion System Product

    Table 50. ABB Revenue in Train Propulsion System Business (2019-2024) & (US$ Million)

    Table 51. ABB Recent Development

    Table 52. ALSTOM Company Detail

    Table 53. ALSTOM Business Overview

    Table 54. ALSTOM Train Propulsion System Product

    Table 55. ALSTOM Revenue in Train Propulsion System Business (2019-2024) & (US$ Million)

    Table 56. ALSTOM Recent Development

    Table 57. Bombardier Company Detail

    Table 58. Bombardier Business Overview

    Table 59. Bombardier Train Propulsion System Product

    Table 60. Bombardier Revenue in Train Propulsion System Business (2019-2024) & (US$ Million)

    Table 61. Bombardier Recent Development

    Table 62. CRRC Company Detail

    Table 63. CRRC Business Overview

    Table 64. CRRC Train Propulsion System Product

    Table 65. CRRC Revenue in Train Propulsion System Business (2019-2024) & (US$ Million)

    Table 66. CRRC Recent Development

    Table 67. GENERAL ELECTRIC Company Detail

    Table 68. GENERAL ELECTRIC Business Overview

    Table 69. GENERAL ELECTRIC Train Propulsion System Product

    Table 70. GENERAL ELECTRIC Revenue in Train Propulsion System Business (2019-2024) & (US$ Million)

    Table 71. GENERAL ELECTRIC Recent Development

    Table 72. Hitachi Company Detail

    Table 73. Hitachi Business Overview

    Table 74. Hitachi Train Propulsion System Product

    Table 75. Hitachi Revenue in Train Propulsion System Business (2019-2024) & (US$ Million)

    Table 76. Hitachi Recent Development

    Table 77. Hyundai Rotem Company Detail

    Table 78. Hyundai Rotem Business Overview

    Table 79. Hyundai Rotem Train Propulsion System Product

    Table 80. Hyundai Rotem Revenue in Train Propulsion System Business (2019-2024) & (US$ Million)

    Table 81. Hyundai Rotem Recent Development

    Table 82. Siemens Company Detail

    Table 83. Siemens Business Overview

    Table 84. Siemens Train Propulsion System Product

    Table 85. Siemens Revenue in Train Propulsion System Business (2019-2024) & (US$ Million)

    Table 86. Siemens Recent Development

    Table 87. Mitsubishi Heavy Industries Company Detail

    Table 88. Mitsubishi Heavy Industries Business Overview

    Table 89. Mitsubishi Heavy Industries Train Propulsion System Product

    Table 90. Mitsubishi Heavy Industries Revenue in Train Propulsion System Business (2019-2024) & (US$ Million)

    Table 91. Mitsubishi Heavy Industries Recent Development

    Table 92. Toshiba Company Detail

    Table 93. Toshiba Business Overview

    Table 94. Toshiba Train Propulsion System Product

    Table 95. Toshiba Revenue in Train Propulsion System Business (2019-2024) & (US$ Million)

    Table 96. Toshiba Recent Development

    Table 97. Research Programs/Design for This Report

    Table 98. Key Data Information from Secondary Sources

    Table 99. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Train Propulsion System Market Size Comparison by Type (2024-2030) & (US$ Million)

    Figure 2. Global Train Propulsion System Market Share by Type: 2023 VS 2030

    Figure 3. Diesel Features

    Figure 4. Diesel-Electric Features

    Figure 5. Electric Locomotive Features

    Figure 6. Global Train Propulsion System Market Size Comparison by Application (2024-2030) & (US$ Million)

    Figure 7. Global Train Propulsion System Market Share by Application: 2023 VS 2030

    Figure 8. Light Rail /Tram Case Studies

    Figure 9. Subway/Metro Case Studies

    Figure 10. Monorail Case Studies

    Figure 11. High Speed Trains Case Studies

    Figure 12. Train Propulsion System Report Years Considered

    Figure 13. Global Train Propulsion System Market Size (US$ Million), Year-over-Year: 2019-2030

    Figure 14. Global Train Propulsion System Market Size, (US$ Million), 2019 VS 2023 VS 2030

    Figure 15. Global Train Propulsion System Market Share by Region: 2023 VS 2030

    Figure 16. Global Train Propulsion System Market Share by Players in 2023

    Figure 17. Global Top Train Propulsion System Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Train Propulsion System as of 2023)

    Figure 18. The Top 10 and 5 Players Market Share by Train Propulsion System Revenue in 2023

    Figure 19. North America Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 20. North America Train Propulsion System Market Share by Country (2019-2030)

    Figure 21. United States Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 22. Canada Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 23. Europe Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 24. Europe Train Propulsion System Market Share by Country (2019-2030)

    Figure 25. Germany Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 26. France Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 27. U.K. Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 28. Italy Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 29. Russia Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 30. Nordic Countries Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 31. Asia-Pacific Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 32. Asia-Pacific Train Propulsion System Market Share by Region (2019-2030)

    Figure 33. China Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 34. Japan Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 35. South Korea Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 36. Southeast Asia Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 37. India Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 38. Australia Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 39. Latin America Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 40. Latin America Train Propulsion System Market Share by Country (2019-2030)

    Figure 41. Mexico Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 42. Brazil Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 43. Middle East & Africa Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 44. Middle East & Africa Train Propulsion System Market Share by Country (2019-2030)

    Figure 45. Turkey Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 46. Saudi Arabia Train Propulsion System Market Size YoY Growth (2019-2030) & (US$ Million)

    Figure 47. ABB Revenue Growth Rate in Train Propulsion System Business (2019-2024)

    Figure 48. ALSTOM Revenue Growth Rate in Train Propulsion System Business (2019-2024)

    Figure 49. Bombardier Revenue Growth Rate in Train Propulsion System Business (2019-2024)

    Figure 50. CRRC Revenue Growth Rate in Train Propulsion System Business (2019-2024)

    Figure 51. GENERAL ELECTRIC Revenue Growth Rate in Train Propulsion System Business (2019-2024)

    Figure 52. Hitachi Revenue Growth Rate in Train Propulsion System Business (2019-2024)

    Figure 53. Hyundai Rotem Revenue Growth Rate in Train Propulsion System Business (2019-2024)

    Figure 54. Siemens Revenue Growth Rate in Train Propulsion System Business (2019-2024)

    Figure 55. Mitsubishi Heavy Industries Revenue Growth Rate in Train Propulsion System Business (2019-2024)

    Figure 56. Toshiba Revenue Growth Rate in Train Propulsion System Business (2019-2024)

    Figure 57. Bottom-up and Top-down Approaches for This Report

    Figure 58. Data Triangulation

    Figure 59. Key Executives Interviewed