Global Locomotives Revenue Is Nearly 8.79 Billion USD In 2017
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In the last several years, global market of Locomotives changed in fluctuations, with an average growth rate of -0.86%. In 2017, global revenue of Locomotives is nearly 8.79 billion USD; the actual Production is about 3560 Unit.
The global average price of Locomotives is in the decreasing trend, from 2.88 M USD/Unit in 2013 to 2.47 million USD/Unit in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of Locomotives includes Diesel Locomotive and Electric Locomotive. The proportion of Diesel Locomotive in 2017 is about 72.05%, and the proportion is in decreasing trend from 2013 to 2017 as the electric locomotive has more advantages.
Asia Pacific is the largest consumption place, with a consumption market share nearly 40.65% in 2017. Following Asia Pacific, North America is the second largest consumption place with the consumption market share of 23.88%.
Market concentration degree is rather high. CRRC, GE, Alstom, Siemens, Bombardier, Hitachi, Transmashholding, EMD (Catepiller), Kawasaki Heavy Industries, Stadler Rail and Hyundai Rotem are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.