Locomotive market is anticipated to grow at a CAGR of 8.2% during the forecast period (2024-2031). The market growth is driven by the rising demand for locomotives in developing regions due to growing investments in strengthening rail networks and infrastructure. Advancement in locomotive technology and the growing urbanization globally are other contributors to the global […]
Tag Archives: Locomotive Market
The Global Locomotive Market size is expected to grow at an annual average of 3% during 2021-2027. A locomotive is a diesel, power and steam controlled rail transport vehicle to pull a train or pull a railroad car off the track. Trains are categorized as freight, traveler and recharge trains. As the pace of urbanization […]