Argentina Locomotive Market Size & Outlook, 2025-2030
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Argentina locomotive market highlights
- The Argentina locomotive market generated a revenue of USD 365.7 million in 2024 and is expected to reach USD 641.0 million by 2030.
- The Argentina market is expected to grow at a CAGR of 10.3% from 2025 to 2030.
- In terms of segment, diesel was the largest revenue generating type in 2024.
- Electric is the most lucrative type segment registering the fastest growth during the forecast period.
Locomotive market data book summary
| Market revenue in 2024 | USD 365.7 million |
| Market revenue in 2030 | USD 641.0 million |
| Growth rate | 10.3% (CAGR from 2025 to 2030) |
| Largest segment | Diesel |
| Fastest growing segment | Electric |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diesel, Electric |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.5% of the global locomotive market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil locomotive market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 641.0 million by 2030.
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Locomotive Market Scope
Locomotive Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| AEG Power Solutions | View profile | 1001-5000 | Markham, Ontario, Canada, North America | http://www.aegps.com |
| Bharat Heavy Electricals | View profile | 10001+ | New Delhi, Delhi, India, Asia | http://www.bhel.com |
| CRRC Corp Ltd ADR | View profile | 154292 | No. 16-5, Central West Fourth Ring Road, Haidian District, Beijing, China, People's Republic of, 100036 | https://www.crrcgc.cc |
| Wabtec | View profile | 10001+ | Pittsburgh, Pennsylvania, United States, North America | https://www.wabteccorp.com/ |
| Alstom SA | View profile | 84748 | 48, Rue Albert Dhalenne, Saint-Ouen-sur-Seine, Paris, France, 93400 | https://www.alstom.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Argentina locomotive market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to locomotive market will help companies and investors design strategic landscapes.
Diesel was the largest segment with a revenue share of 86.05% in 2024. Horizon Databook has segmented the Argentina locomotive market based on diesel, electric covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of locomotive market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina locomotive market , including forecasts for subscribers. This country databook contains high-level insights into Argentina locomotive market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina Type - Locomotive Market size, 2024 - 2030 (US$M)
Argentina Locomotive Market Outlook Share, 2024 & 2030 (US$M)
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