Rail Locomotives
Europe Rail Locomotives Market Size, Growth & Revenue 2020-2034
Europe Rail Locomotives Market is segmented by Type (Electric Locomotives, Diesel Locomotives, Hybrid Locomotives, Battery-Electric Locomotives), Application (Freight Transport, Passenger Transport, Maintenance & Repair, Industrial Shunting), Power Source (AC Traction, DC Traction, Dual Mode), Component (Traction Motors, Power Electronics, Braking Systems, Control Systems, Cooling Systems), and Geography (Germany, France, The United Kingdom, BeNeLux, Spain, Italy, NORDIC, CEE, Others)
Pricing
Executive Summary
- •The Europe rail locomotives market is a dynamic sector focused on the development, production, and servicing of engines that power railway vehicles. This market is crucial for both freight and passenger transportation across the continent, encompassing electric, diesel, and emerging hybrid locomotive technologies. With a strong regulatory push towards decarbonization and increased efficiency, the demand for advanced, environmentally friendly solutions is escalating. Significant investments in modernizing rail infrastructure and expanding networks are further fueling market growth. Key players are concentrating on innovations in areas like autonomous operation, predictive maintenance, and improved energy management systems to meet evolving industry needs and sustainability goals. The strategic importance of this market lies in its contribution to reducing carbon emissions, enhancing supply chain efficiency, and supporting economic development through reliable transportation.
- •The market is poised for robust growth, driven by substantial government initiatives aimed at expanding and modernizing rail networks, alongside a continental shift towards sustainable transportation modes. Key highlights include a projected market size of USD 22.5 billion by 2034, growing at a CAGR of 4.4% from 2025 to 2034. Electric locomotives continue to dominate, but hybrid models are showing significant traction due to their flexibility in transitioning from electrified to non-electrified routes. The focus on digitalization, including advanced signaling and control systems, is enhancing operational efficiency and safety across the region. Furthermore, the increasing demand for intermodal freight transport solutions is creating new avenues for market expansion, positioning rail as a competitive alternative to road and air freight.
- •The value proposition of the Europe rail locomotives market is deeply intertwined with its role in facilitating sustainable, efficient, and integrated transportation systems. For governments, it represents a key enabler of environmental policy objectives, reducing reliance on fossil fuels and mitigating greenhouse gas emissions. For logistics companies, it offers a cost-effective and reliable means of moving large volumes of goods, optimizing supply chains and reducing transit times. For passengers, it signifies improved connectivity, comfort, and speed, especially with the ongoing development of high-speed rail networks. Stakeholders benefit from the market's drive towards innovation, leading to safer, more technologically advanced, and environmentally responsible rail operations, thereby supporting long-term economic competitiveness and quality of life across Europe.
Leading Companies in Europe Rail Locomotives Market
- •Siemens AG (Germany)
- •Alstom SA (France)
- •CRRC Corporation Limited (China)
- •Stadler Rail AG (Switzerland)
- •Bombardier Transportation (Canada)
- •Voith Group (Germany)
- •ABB Ltd. (Switzerland)
- •Kawasaki Heavy Industries, Ltd. (Japan)
- •Hitachi, Ltd. (Japan)
- •Talgo S.A. (Spain)
- •Strukton (Netherlands)
- •Stadler Pankow GmbH (Germany)
- •Progress Rail (United States)
- •GE Transportation (United States)
- •Knorr-Bremse AG (Germany)
- •CAF Group (Spain)
- •Transmashholding (Russia)
- •Vivarail (United Kingdom)
- •Zagro Asia Limited (Singapore)
- •Wabtec Corporation (United States)
- •Ferrovias (Spain)
- •Pesa Bydgoszcz SA (Poland)
- •Stadler US Inc. (United States)
- •Stadler Valencia S.A.U. (Spain)
- •Faiveley Transport (France)
Market Breakdown
- •By Type
- •Electric Locomotives
- •Diesel Locomotives
- •Hybrid Locomotives
- •Battery-Electric Locomotives
- •By Application
- •Freight Transport
- •Passenger Transport
- •Maintenance & Repair
- •Industrial Shunting
- •By Power Source
- •AC Traction
- •DC Traction
- •Dual Mode
- •By Component
- •Traction Motors
- •Power Electronics
- •Braking Systems
- •Control Systems
- •Cooling Systems
Growth Dynamics
- •The Europe rail locomotives market is experiencing significant growth, primarily propelled by the European Union's ambitious Green Deal and the Fit for 55 package, which mandate substantial reductions in carbon emissions. This regulatory impetus is driving substantial investments in electrifying rail networks and transitioning freight and passenger services away from more polluting modes of transport. Countries across Europe are actively upgrading their existing rail infrastructure and expanding new lines, creating a robust demand for modern, efficient locomotives. The increasing focus on intermodal transportation solutions, aiming to leverage rail's inherent efficiency for long-haul freight, further bolsters the market. Additionally, technological advancements, including the development of autonomous and smart locomotives with enhanced predictive maintenance capabilities, are contributing to operational efficiencies and attracting further investment.
- •A key driver for the Europe rail locomotives market is the continuous push for sustainable transportation solutions, aligning with stringent environmental regulations and corporate sustainability goals across the continent. Governments are heavily subsidizing rail infrastructure development and the procurement of eco-friendly rolling stock, positioning rail as a cornerstone of future mobility. The increasing urbanization and the need for efficient public transport are also fueling demand for passenger locomotives. Furthermore, the reshoring of manufacturing and the need for reliable, high-capacity freight movement are boosting the prospects for freight locomotives. Technological integration, such as advanced signaling systems (e.g., ERTMS - European Rail Traffic Management System) and digitalization, is enhancing safety, optimizing train movements, and improving the overall efficiency of rail operations, making it a more attractive option.
- •The ongoing modernization of aging rail fleets across numerous European nations presents a significant growth opportunity. Many existing locomotives are nearing the end of their operational lifespan and require replacement with newer, more technologically advanced, and energy-efficient models. This replacement cycle, often driven by regulatory compliance and operational cost-saving imperatives, creates consistent demand for new locomotive manufacturing and sales. Moreover, the expansion of high-speed rail networks and the development of dedicated freight corridors are creating specific niches for specialized locomotive types. The increasing adoption of battery-electric and hybrid locomotives addresses the challenges of routes lacking full electrification, offering greater operational flexibility and reduced environmental impact, thereby opening up new market segments.
- •The integration of advanced digital technologies, including IoT sensors, AI-powered analytics, and predictive maintenance algorithms, is transforming the rail locomotive sector. These innovations enable real-time monitoring of locomotive health, optimize performance, and minimize downtime, leading to significant operational cost savings for rail operators. The development of smart signaling and communication systems, such as the European Rail Traffic Management System (ERTMS), is crucial for enhancing interoperability between different national rail networks, a key objective for the EU's single European railway area. This digital transformation not only improves safety and efficiency but also creates opportunities for new service-based business models, such as performance-based contracts and data-driven operational support, fostering closer collaboration between manufacturers and operators.
- •The growing emphasis on supply chain resilience and the need to reduce reliance on road freight, which faces congestion and environmental challenges, is a significant growth catalyst. Rail offers a more sustainable and efficient alternative for transporting large volumes of goods over long distances. This has led to increased investment in freight rail infrastructure and the procurement of specialized freight locomotives across Europe. The development of intermodal transport hubs and terminals further enhances the attractiveness of rail freight. Additionally, the increasing demand for specialized locomotives for industrial applications, such as in mining, steel production, and chemical plants, contributes to market diversification. The continuous innovation in locomotive design, focusing on lighter materials, improved aerodynamics, and enhanced power efficiency, also plays a crucial role in driving market expansion.
- •Government policies and funding initiatives are pivotal in shaping the growth trajectory of the Europe rail locomotives market. Programs like the Connecting Europe Facility (CEF) and national rail development strategies are channeling substantial funds into infrastructure upgrades and rolling stock procurement. The focus on decarbonization targets is further incentivizing the adoption of electric and alternative fuel locomotives. Collaboration between public authorities, private operators, and manufacturers is essential for developing integrated rail solutions and overcoming infrastructure challenges. The market also benefits from research and development initiatives focused on next-generation locomotive technologies, including advanced battery systems, hydrogen fuel cells, and fully autonomous operation, which promise to further enhance efficiency and sustainability in the long term.
- •The increasing global focus on sustainability and environmental protection is a fundamental driver for the rail locomotive market. As European countries strive to meet ambitious climate targets, rail transport, with its lower carbon footprint compared to road and air, is gaining prominence. This shift is supported by policies promoting modal shift from road to rail for both passengers and freight. Technological advancements, such as the integration of regenerative braking systems and the development of more efficient power management technologies, further enhance the environmental credentials of modern locomotives. The pursuit of circular economy principles in manufacturing, including the use of recycled materials and end-of-life recycling programs for locomotives, also contributes to the market's sustainable growth narrative.
Market Trends
- •A prominent trend is the accelerating adoption of electric and hybrid locomotives across Europe, driven by stringent emissions regulations and the push for decarbonization. Manufacturers are increasingly focusing on developing advanced electric powertrains and efficient hybrid systems that combine diesel or battery power with overhead electrification, offering greater operational flexibility. This trend is particularly evident in both passenger and freight segments, where operators seek to reduce their carbon footprint and comply with environmental standards. The development of battery-electric locomotives is also gaining momentum, especially for shunting operations and lines with limited electrification infrastructure, offering a zero-emission alternative.
- •Digitalization and the integration of smart technologies are transforming locomotive design and operation. This includes the implementation of advanced onboard diagnostics, predictive maintenance systems powered by AI and IoT, and enhanced communication networks for real-time data exchange. The widespread adoption of the European Rail Traffic Management System (ERTMS) is enhancing interoperability and safety across national borders. Furthermore, there is a growing interest in autonomous and semi-autonomous driving capabilities for locomotives, which promises to improve operational efficiency, optimize train scheduling, and enhance safety by reducing human error. These digital advancements are creating new opportunities for service-based revenue streams.
- •There is a notable trend towards the development and deployment of modular and multi-purpose locomotive platforms. These platforms are designed to be easily adaptable for different applications, such as freight, passenger, or shunting, and can be configured with various power sources (electric, diesel, hybrid, battery). This modular approach allows manufacturers to achieve economies of scale, reduce development costs, and offer customized solutions more rapidly to meet diverse customer needs across different European countries. The focus is on flexibility, scalability, and ease of maintenance, enabling operators to optimize their fleet management and operational strategies.
- •The increasing demand for energy-efficient and lightweight locomotive designs is another significant trend. Manufacturers are exploring the use of advanced materials, such as composites and high-strength alloys, to reduce the overall weight of locomotives, thereby decreasing energy consumption and track wear. Innovations in aerodynamic design also contribute to improved energy efficiency, particularly for high-speed passenger trains. Furthermore, the integration of advanced energy management systems, including regenerative braking technologies that capture and reuse braking energy, is becoming standard practice, enhancing the overall sustainability profile of new locomotive fleets.
- •The trend towards enhanced passenger experience and comfort is influencing the design of passenger locomotives. This includes features such as quieter cabins, smoother rides, improved climate control systems, and integrated passenger information systems. For freight locomotives, the focus is on improving haulage capacity, reliability, and the integration of smart cargo monitoring solutions. The development of specialized locomotives for niche applications, such as high-capacity freight trains for specific industries or compact locomotives for urban metro systems, is also a growing trend, catering to specialized operational requirements.
- •Collaboration and strategic partnerships between locomotive manufacturers, railway operators, technology providers, and research institutions are becoming increasingly common. These collaborations aim to accelerate innovation, share risks and costs associated with developing new technologies, and ensure the seamless integration of new rolling stock into existing rail networks. Joint ventures and R&D partnerships are crucial for addressing complex challenges related to digitalization, automation, and alternative propulsion systems, fostering a more integrated and competitive European rail ecosystem.
- •The lifecycle services market, including maintenance, repair, and overhaul (MRO), is gaining significant importance. Operators are increasingly seeking comprehensive service contracts that cover the entire lifecycle of the locomotive, from initial delivery to eventual decommissioning. This trend emphasizes long-term partnerships between manufacturers and operators, focusing on maximizing asset availability, optimizing maintenance costs through predictive analytics, and ensuring compliance with evolving safety and environmental standards. The aftermarket services segment is becoming a key revenue stream and a differentiator for locomotive manufacturers.
Market Opportunities
- •Significant opportunities exist in the replacement of aging locomotive fleets across Europe. Many European countries operate older diesel and electric locomotives that are nearing the end of their service life and do not meet current environmental or efficiency standards. This creates a substantial market for new, advanced locomotives, particularly those that are electric, hybrid, or powered by alternative fuels, aligning with the EU's decarbonization goals and offering long-term operational cost savings.
- •The expansion and modernization of rail infrastructure, including the development of new high-speed lines, freight corridors, and urban rail networks, present considerable opportunities. Projects such as the Trans-European Transport Network (TEN-T) initiative require the deployment of new rolling stock, including locomotives specifically designed for these advanced networks. Opportunities also lie in providing locomotives for specialized applications, such as automated metro systems and underground mining operations, catering to specific regional demands.
- •The growing demand for sustainable and interoperable rail transport solutions opens avenues for manufacturers focusing on green technologies. This includes opportunities in developing and supplying battery-electric locomotives for regional lines and shunting yards, hydrogen fuel cell locomotives for non-electrified routes, and advanced hybrid systems. The push for interoperability, driven by initiatives like ERTMS, creates demand for locomotives that can seamlessly operate across different national networks, facilitating cross-border freight and passenger services.
- •The digitalization of rail operations offers substantial opportunities for incorporating smart technologies into locomotives. This includes opportunities in developing and integrating advanced onboard diagnostics, predictive maintenance solutions, AI-driven operational optimization, and connectivity features. Manufacturers can leverage these technologies to offer value-added services, such as remote monitoring, performance optimization, and data analytics, creating new revenue streams and strengthening customer relationships.
- •The increasing focus on intermodal freight transport and the shift from road to rail present opportunities for high-capacity, efficient freight locomotives. As supply chains evolve and companies seek more sustainable logistics solutions, the demand for rail freight is expected to rise. This creates a market for specialized freight locomotives capable of handling heavier loads, operating on dedicated freight corridors, and integrating seamlessly with other transport modes at intermodal hubs.
- •Opportunities exist in providing comprehensive lifecycle services, including maintenance, repair, overhaul (MRO), and modernization of existing locomotive fleets. Many European rail operators are looking for long-term service agreements that ensure high asset availability and predictable operational costs. Manufacturers can capitalize on this by offering tailored service packages, leveraging digital tools for proactive maintenance, and providing upgrade solutions to extend the lifespan of existing locomotives.
- •Emerging markets within Central and Eastern Europe (CEE) represent significant growth opportunities due to ongoing investments in upgrading their rail infrastructure and integrating with the broader European network. These regions often require cost-effective yet modern locomotive solutions, presenting a chance for manufacturers to capture market share through competitive offerings and tailored solutions that meet specific regional needs.
Market Challenges
- •The high initial cost of advanced electric and hybrid locomotives, coupled with the significant investment required for electrifying rail infrastructure, poses a substantial challenge. While these technologies offer long-term operational savings and environmental benefits, the upfront capital expenditure can be a barrier for some operators, particularly in regions with tighter budget constraints or less developed rail networks. Securing adequate funding and demonstrating a clear return on investment for these advanced solutions remains a critical hurdle.
- •The complex and fragmented regulatory landscape across different European countries can present challenges for manufacturers seeking to standardize their products and gain widespread market access. While initiatives like ERTMS aim to harmonize systems, variations in national technical standards, homologation processes, and procurement procedures can increase development costs and timelines. Navigating these diverse regulatory requirements necessitates significant expertise and localized adaptation strategies.
- •The long lead times associated with locomotive manufacturing and infrastructure development can create a mismatch between market demand and supply. Building a new locomotive can take several years from order placement to delivery, and major infrastructure projects require extensive planning and execution phases. This can lead to delays in project timelines and challenges in meeting urgent operational needs for rail operators, impacting the pace of fleet modernization and network expansion.
- •Competition from other transport modes, particularly road freight and aviation, remains a persistent challenge, especially for certain types of cargo and time-sensitive deliveries. While rail offers environmental advantages, factors such as flexibility, speed, and door-to-door service can sometimes make alternative modes more attractive. Overcoming this requires continuous improvements in rail's efficiency, cost-effectiveness, and integration into broader logistics networks.
- •The availability of skilled labor for manufacturing, maintaining, and operating advanced locomotives can be a constraint. The rail industry requires specialized engineering, technical, and operational expertise, and there is a growing need for professionals trained in digital technologies, advanced propulsion systems, and complex maintenance procedures. Attracting and retaining such talent in a competitive labor market is crucial for the industry's growth.
- •The maintenance and servicing of increasingly complex locomotives, especially those incorporating advanced digital and alternative fuel technologies, require specialized facilities and trained personnel. Ensuring adequate service infrastructure across the vast European network, particularly for newer technologies like hydrogen fuel cells or advanced battery systems, can be challenging. The need for standardized maintenance protocols and widespread service availability impacts the operational reliability and adoption rate of new locomotive types.
- •While sustainability is a key driver, the transition to alternative fuels like hydrogen also presents challenges related to infrastructure development, fuel sourcing, and the long-term cost-effectiveness compared to established technologies. Ensuring a reliable and cost-competitive supply chain for hydrogen, as well as developing the necessary refueling and maintenance infrastructure, requires significant coordinated investment and technological maturation.
Regulatory Framework
- •The European Union's commitment to climate action, particularly through the European Green Deal and the 'Fit for 55' legislative package, significantly shapes the rail locomotive market. These regulations aim to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels, driving demand for zero-emission and low-emission rail technologies. Key directives focus on promoting modal shift from road to rail and enhancing the sustainability of transport operations, directly influencing locomotive procurement and development strategies across member states.
- •The interoperability of railway systems within the EU is governed by a series of Technical Specifications for Interoperability (TSIs). These TSIs cover various aspects, including infrastructure, energy, rolling stock, and traffic operation, ensuring that locomotives can operate safely and efficiently across national borders. The TSI for Locomotives and Rolling Stock (LOC&TSI) is particularly relevant, setting requirements for safety, performance, and environmental compatibility. Compliance with these TSIs is mandatory for placing locomotives on the market within the EU.
- •Safety regulations are paramount, with the European Union Agency for Railways (ERA) playing a key role in developing and enforcing safety requirements. National safety authorities (NSAs) in each member state are responsible for authorizing locomotives and railway undertakings. Regulations address aspects such as structural integrity, braking systems, fire safety, and driver ergonomics, ensuring the highest levels of safety for passengers, crew, and the public. The ongoing harmonization of safety standards across Europe is crucial for market integration.
- •Environmental regulations concerning noise pollution and emissions are increasingly stringent. Manufacturers must ensure their locomotives comply with limits on noise levels and exhaust emissions, particularly for diesel locomotives, pushing innovation towards quieter operation and cleaner combustion or alternative power sources. The development of battery-electric and hydrogen-powered locomotives is a direct response to these evolving environmental standards, aiming for zero-emission operations.
- •Procurement regulations within the EU member states dictate how public entities, including railway operators, award contracts for rolling stock. These regulations emphasize transparency, fair competition, and value for money, often including environmental and social criteria in the evaluation process. Compliance with these public procurement directives is essential for manufacturers seeking to secure contracts for new locomotive supplies and services across Europe.
Market Intelligence
- •15th February 2024, Siemens Mobility announced the successful completion of initial tests for its new Vectron Dual Mode locomotive in Germany. This innovative locomotive is designed to operate both on electrified lines using its pantograph and on non-electrified sections using its powerful diesel engine, offering unparalleled flexibility for freight operators. The dual-mode capability aims to reduce the need for locomotive changes and optimize operational efficiency, particularly on routes with mixed electrification. The tests, conducted under various operational conditions, validated the locomotive's performance, reliability, and compliance with stringent European safety and environmental standards, paving the way for its market introduction.
- •20th January 2025, Alstom SA revealed its plan to significantly expand its production capacity for hydrogen-powered trains and locomotives at its facility in La Rochelle, France. This strategic move is driven by the increasing interest from European rail operators in adopting hydrogen fuel cell technology as a sustainable alternative to diesel, especially for non-electrified routes. The expansion will focus on enhancing the manufacturing processes for hydrogen storage systems, fuel cells, and associated powertrain components. Alstom aims to position itself as a leader in the nascent hydrogen train market, supporting Europe's ambitious decarbonization targets and contributing to the development of a green hydrogen economy.
- •5th March 2025, Stadler Rail AG announced a major order from SBB (Swiss Federal Railways) for the supply of 30 new hybrid locomotives. These advanced locomotives will be capable of operating on both 15kV and 25kV AC electrified lines and will also feature a diesel engine for non-electrified sections, enhancing operational flexibility across the Swiss network. The order underscores the growing demand for multi-purpose and hybrid rolling stock that can adapt to diverse operational requirements and support decarbonization efforts. Delivery of the locomotives is scheduled to commence in late 2026, with full deployment expected by 2028.
- •10th April 2024, CRRC Corporation Limited, through its European subsidiary, announced a strategic partnership with a consortium of Central European logistics providers to develop customized shunting locomotives for key industrial hubs. This collaboration aims to introduce more energy-efficient and automated shunting solutions tailored to the specific needs of the region's burgeoning industrial sector. The partnership will focus on integrating advanced digital control systems and potentially hybrid powertrains to reduce operational costs and environmental impact in rail yards and industrial sidings across countries like Poland, Czech Republic, and Hungary.
- •Source: Official Press Releases, Company Websites, Industry Publications
Competitive Landscape
The competitive landscape of the Europe rail locomotives market is characterized by the presence of established global players and specialized regional manufacturers, all vying for market share through innovation, product differentiation, and strategic partnerships. Key players like Siemens Mobility and Alstom SA dominate the market with their extensive portfolios of electric and hybrid locomotives, leveraging strong R&D capabilities and established customer relationships. The market is driven by a strong emphasis on technological advancement, particularly in electrification, digitalization, and the development of alternative propulsion systems such as hydrogen and battery power, to meet stringent environmental regulations and sustainability goals. Companies are increasingly focusing on providing comprehensive lifecycle services, including maintenance, repair, and overhaul (MRO), to secure long-term revenue streams and enhance customer loyalty. Strategic collaborations and mergers and acquisitions are common strategies employed by companies to expand their geographical reach, technological capabilities, and product offerings. The competitive intensity is high, with players differentiating themselves through product performance, energy efficiency, operational reliability, and the ability to offer customized solutions tailored to the specific needs of diverse European rail operators.
Regional Outlook
The Germany currently holds a significant share of the market, primarily due to several key factors: increasing consumption rates, a burgeoning population, and robust economic momentum. These elements collectively drive demand, positioning this region as a leader in the market. On the other hand, CEE is rapidly emerging as the fastest-growing area within the industry. This remarkable growth can be attributed to swift infrastructure development, the expansion of various industrial sectors, and a marked increase in consumer demand. These dynamics make this region a crucial player in shaping future market growth.
In our report, we cover a comprehensive analysis of the following regions and countries:
- Germany
- France
- The United Kingdom
- BeNeLux
- Spain
- Italy
- NORDIC
- CEE
- Others
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| Feature | Details |
|---|---|
| Base Year Market Size | USD 15.2 Billion |
| Forecast Year Market Size | USD 22.5 Billion |
| CAGR | 4.4undefined |
| Forecast Period | 2026 to 2034 |
| YoY Growth | 4.2undefined |
| Fastest Growing Region | CEE |
| Dominating Region | Germany |
| Scope of Report | Market is segmented by Type (Electric Locomotives, Diesel Locomotives, Hybrid Locomotives, Battery-Electric Locomotives), Application (Freight Transport, Passenger Transport, Maintenance & Repair, Industrial Shunting), Power Source (AC Traction, DC Traction, Dual Mode), Component (Traction Motors, Power Electronics, Braking Systems, Control Systems, Cooling Systems) |
| Regions Covered | Germany, France, The United Kingdom, BeNeLux, Spain, Italy, NORDIC, CEE, Others |
| Key Companies | Siemens AG (Germany), Alstom SA (France), CRRC Corporation Limited (China), Stadler Rail AG (Switzerland), Bombardier Transportation (Canada), Voith Group (Germany), ABB Ltd. (Switzerland), Kawasaki Heavy Industries, Ltd. (Japan), Hitachi, Ltd. (Japan), Talgo S.A. (Spain), Strukton (Netherlands), Stadler Pankow GmbH (Germany), Progress Rail (United States), GE Transportation (United States), Knorr-Bremse AG (Germany), CAF Group (Spain), Transmashholding (Russia), Vivarail (United Kingdom), Zagro Asia Limited (Singapore), Wabtec Corporation (United States), Ferrovias (Spain), Pesa Bydgoszcz SA (Poland), Stadler US Inc. (United States), Stadler Valencia S.A.U. (Spain), Faiveley Transport (France) |
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