Mining Locomotive Market Size, Industry Analysis By Type (Steam Mining, Electric Mining, And Diesel Mining), By Application (Underground Mining And Open-Cast Mining), By Region (North America, MEA, Asia Pacific, Latin America, And Europe) & Region - Forecast

  • 2022-02-08
  • 229
  • Machinery & Heavy Industry


Global Mining Locomotive Market Analysis by Type, Application, Region and segments forecast till 2033


Market Overview

The global mining locomotive was valued at around USD 1,700 million in 2022, and is expected to reach USD 2,730 million by 2033 growing at a compound annual growth rate (CAGR) of around 3.9% from 2023 to 2033.


Report Scope

Report Attributes


Market Size in 2022

USD 1,700 Million

Market Forecast in 2033

USD 2,730 Million

CAGR % 2023-2033


Base Year


Historic Data


Forecast Period


Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Type, Application

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

CSR Corporation Brookville, Trident, Mining Equipment Ltd., Bombardier Transportation, Irwin Car and Equipment, Alstom SA, AEG Power Solutions, Siemens AG, Hitachi Ltd., and Others.


Mining locomotive refers to the heavy haulage engine used for underground operations encompassing the transportation of ore, personnel, coal, and other materials to facilitate mining activities. These locomotive-hauled mine cars are propelled by diesel, compressed air, battery, trolley, or combinations such as trolley cable reel or battery-trolley. The growing focus on the evolution of multi-purpose mining locomotives is primarily augmenting the outlook of this market vertical.


Furthermore, the ability of these engines to transport heavy burdens including spoils waste, tiling, culm, and metal ores, among others is adding momentum to the progression of this business sphere. Alongside this, the rising adoption of electric locomotives owing to their bio-friendly nature is positively swaying the market outlook.

Also, the rise in mining activities, rapid industrialization along with increasing research & development investments in the field are stimulating the overall industry dynamics. Besides, widespread economic developments, elevating demand for coal, and the growing focus of manufacturers to develop sustainable and efficient locomotives are propelling the growth of this business vertical. On the contrary, high costs pertaining to the installation and maintenance of these locomotives, rigid emission regulations, and the surging prices of petroleum derivatives are hindering the remuneration scope of the market.

With the rapid surge in mining activities across the globe, there has been an escalating demand for efficient locomotives. But, rising concerns about the emission rates of fuel-powered locomotives and stringent regulations regarding the same have created a high demand for sustainable mining engines. This in turn has increased the adoption of electric power locomotives owing to their eco-friendly and energy-efficient nature. These factors are driving the progression of the overall market.

Coal is regarded as one of the pivotal sources of energy which in turn is elevating its demand across the globe. With growing requirements for continuous power supply across emerging nations, coal is gaining massive traction across the power generation sector. To comply with the emission regulations, manufacturers across the globe have increased their efforts toward the development of clean coal technologies. This is turn is creating lucrative opportunities for the marketplace to prosper. Global mining locomotive market


Type Insights

The Electric Mining segment is expected to amass notable gains over the analysis period and is expected to grow at a CAGR of 7.2% owing strict government regulations on emissions, the need for better energy efficiency, and the growing demand for metals and minerals.


Application Insights

The Underground Mining segment is predicted to garner significant returns of around 60% over the forecast period. The underground mining locomotive market was dominated by the coal mining industry, which accounted for the largest share in terms of application. Asia Pacific region was the largest market for underground mining locomotives, followed by North America and Europe.


Regional Insights

The major regions constituting the geographical terrain of this business sphere are North America, the Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, North America is projected to capture a high revenue share ascribed to the rising demand for continuous power supply, increase in mining activities, widespread industrialization, and presence of noteworthy market players. Meanwhile, North America is anticipated to showcase lucrative growth trends over the stipulated timeline owing to the elevating demand for sustainable mining equipment to comply with rigid environmental regulations.


Competitive Analysis

The prominent companies characterizing the competitive gamut of this industry are CSR Corporation Brookville, Trident, Mining Equipment Ltd., Bombardier Transportation, Irwin Car and Equipment, Alstom SA, AEG Power Solutions, Siemens AG, Hitachi Ltd., and Others. Some of the recent market developments include:

·         In 2021, South African mining company Sibanye-Stillwater signed an agreement with rail equipment supplier Galison Group to develop a new underground rail system.

·         In 2020, the UAE government signed several strategic partnerships with mining companies from around the world to develop the country's mining sector. These partnerships could lead to increased investment in the industry, potentially boosting the locomotive market.


Global Mining Locomotive Market- Segmental Analysis

By Type:

·         Steam Mining

·         Electric Mining

·         Diesel Mining


By Application:

·         Underground Mining

·         Open-Cast Mining


Why to buy this Report?

The report provides quantitative and qualitative aspect for Global Mining Locomotive Market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in Global Mining Locomotive Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

             Business Model

             Production Capacity, Revenue, Sales, Gross Margin

             Key Business Strategy

             SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the Card Type in taking a key decision within the business:

             Company Share Analysis from 2020-2022

             Company Analysis by Revenue and Sales

             Company Production Capacity, Gross Margin

             Company Share Analysis by Card Type/Card Type

             Company Share Analysis by Product/Specification

1.    Global Mining Locomotive Market Introduction and Market Overview

1.1.  Objectives of the Study

1.2.  Mining Locomotive Market  Definition & Description

1.3.  Global Mining Locomotive Market Scope and Market Estimation

1.3.1.     Global Mining Locomotive Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)

1.3.2.     Global Mining Locomotive Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033

1.4.  Market Segmentation

1.4.1.     Type of Global Mining Locomotive Market

1.4.2.     Application of Global Mining Locomotive Market

1.4.3.     Region of Global Mining Locomotive Market


2.    Executive Summary

2.1.  Global Mining Locomotive Market Industry Trends under COVID-19 Outbreak

2.1.1.     Global COVID-19 Status Overview

2.1.2.     Influence of COVID-19 Outbreak on Global Mining Locomotive Market Industry Development

2.2.  Market Dynamics

2.2.1.     Drivers

2.2.2.     Limitations

2.2.3.     Opportunities

2.2.4.     Impact Analysis of Drivers and Restraints

2.3.  Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.  Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.  Porter’s Five Forces Analysis

2.5.1.     Bargaining Power of Suppliers

2.5.2.     Bargaining Power of Buyers

2.5.3.     Threat of Substitutes

2.5.4.     Threat of New Entrants

2.5.5.     Competitive Rivalry

2.6.  Value Chain / Ecosystem Analysis

2.7.  PEST Analysis

2.8.  Russia-Ukraine War Impacts Analysis

2.9.  Economic Downturn Analysis

2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region


3.    Global Mining Locomotive Market  Estimates & Historical Trend Analysis (2020 - 2022)


4.    Global Mining Locomotive Market  Estimates & Forecast Trend Analysis, By Type

4.1.  Global Mining Locomotive Market Revenue (US$ Mn) Estimates and Forecasts, By Type, 2023 to 2033

4.1.1.     Steam Mining

4.1.2.     Electric Mining

4.1.3.     Diesel Mining


5.    Global Mining Locomotive Market  Estimates & Forecast Trend Analysis, By Application

5.1.  Global Mining Locomotive Market Revenue (US$ Mn) Estimates and Forecasts, By Application, 2023 to 2033

5.1.1.     Underground Mining

5.1.2.     Open-Cast Mining


6.    Global Mining Locomotive Market  Estimates & Forecast Trend Analysis, By Region

6.1.  Global Mining Locomotive Market Revenue (US$ Mn) Estimates and Forecasts, By Region, 2023 to 2033

6.1.1. North America

6.1.2. Europe

6.1.3. Asia Pacific

6.1.4. Middle East & Africa

6.1.5. South America


7.    North America  Mining Locomotive Market: Estimates & Forecast Trend Analysis

7.1.  North America Mining Locomotive Market Assessments & Key Findings

7.1.1.     North America Mining Locomotive Market Introduction

7.1.2.     North America Mining Locomotive Market Size Estimates and Forecast (US$ Million) (2023 to 2033)  By Type  By Application  By Country   The U.S.   Canada   Mexico


8.    Europe  Mining Locomotive Market: Estimates & Forecast Trend Analysis

8.1.  Europe Mining Locomotive Market Assessments & Key Findings

8.1.1.    Europe Mining Locomotive Market Introduction

8.1.2.    Europe Mining Locomotive Market Size Estimates and Forecast (US$ Million) (2023 to 2033)  By Type  By Application     By Country   Germany   U.K.   France   Italy   Spain   Russia   Rest of Europe


9.    Asia Pacific  Mining Locomotive Market: Estimates & Forecast Trend Analysis

9.1.  Asia Pacific Market Assessments & Key Findings

9.1.1.     Asia Pacific Mining Locomotive Market Introduction

9.1.2.     Asia Pacific Mining Locomotive Market Size Estimates and Forecast (US$ Million) (2023 to 2033)     By Type     By Application     By Country   China   Japan   India   Australia   South Korea   ASEAN   Rest of Asia Pacific


10.  Middle East & Africa  Mining Locomotive Market: Estimates & Forecast Trend Analysis

10.1. Middle East & Africa Market Assessments & Key Findings

10.1.1.  Middle East & Africa  Mining Locomotive Market Introduction

10.1.2.  Middle East & Africa   Mining Locomotive Market Size Estimates and Forecast (US$ Million)  (2023 to 2033)  By Type  By Application  By Country  U.A.E.  Saudi Arabia  Egypt  South Africa  Rest of Middle East & Africa


11.  South America  Mining Locomotive Market: Estimates & Forecast Trend Analysis

11.1. South America Market Assessments & Key Findings

11.1.1.  South America Mining Locomotive Market Introduction

11.1.2.  South America Mining Locomotive Market Size Estimates and Forecast (US$ Million) (2023 to 2033)  By Type  By Application  By Country  Brazil  Argentina  Colombia  Rest of South America


12.  Competition Landscape

12.1. Global Mining Locomotive Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

12.2. Global Mining Locomotive Market Concentration & Company Market Shares (%) Analysis, 2022


13.  Company Profiles

13.1.    CSR Corporation Brookville

13.1.1.    Company Overview & Key Stats

13.1.2.    Financial Performance & KPIs

13.1.3.    Product Portfolio

13.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

13.2.    Trident

13.3.    Mining Equipment Ltd.

13.4.    Bombardier Transportation

13.5.    Irwin Car and Equipment

13.6.    Alstom SA

13.7.    AEG Power Solutions

13.8.    Siemens AG

13.9.    Hitachi Ltd.

13.10. Others**


14.  Research Methodology

14.1. External Transportations / Databases

14.2. Internal Proprietary Database

14.3. Primary Research

14.4. Secondary Research

14.5. Assumptions

14.6. Limitations

14.7. Report FAQs


15.  Research Findings & Conclusion


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