Locomotive Market- Size, Share & Outlook Growth And Forecast 2030|Report By IMR
Market Overview:
The Global Locomotive Market size is expected to grow from USD 18.10 billion in 2022 to USD 34.92 billion by 2030, at a CAGR of 8.56 % during the forecast period (2023-2030).
A locomotive is a rail transport vehicle with the primary function of propelling trains along railroad tracks, typically without carrying any cargo itself. However, modern rail operations increasingly employ push-pull configurations, where locomotives can be positioned at the front, rear, or both ends of a train. Electric locomotives are preferred due to their advantages, including superior performance, lower maintenance costs, reduced energy consumption, and minimal environmental impact.
Top Key Players for Locomotive Market:
Strukton, Alstom, AEG Power Solutions B.V., Siemens, TOSHIBA CORPORATION, CRRC, Hitachi Ltd., Bombardier, Bharat Heavy Electricals Limited, Wabtec Corporation, Metso Corporation, Brookville Equipment Corporation and Other major player.
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Market Overview:
The Global Locomotive Market size is expected to grow from USD 18.10 billion in 2022 to USD 34.92 billion by 2030, at a CAGR of 8.56 % during the forecast period (2023-2030).
A locomotive is a rail transport vehicle with the primary function of propelling trains along railroad tracks, typically without carrying any cargo itself. However, modern rail operations increasingly employ push-pull configurations, where locomotives can be positioned at the front, rear, or both ends of a train. Electric locomotives are preferred due to their advantages, including superior performance, lower maintenance costs, reduced energy consumption, and minimal environmental impact.
Top Key Players for Locomotive Market:
Strukton, Alstom, AEG Power Solutions B.V., Siemens, TOSHIBA CORPORATION, CRRC, Hitachi Ltd., Bombardier, Bharat Heavy Electricals Limited, Wabtec Corporation, Metso Corporation, Brookville Equipment Corporation and Other major player.
Request for a sample of this research report @
https://introspectivemarke...
11:00 AM - Mar 05, 2024 (UTC)
