Locomotive Market 2030: Challenges and Opportunities Ahead

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2025-12-11 05:41:26 -

The global locomotive market size was valued at USD 23.9 billion in 2024 and is projected to reach USD 40.70 billion by 2030, expanding at a CAGR of 9.7% from 2025 to 2030. Rising investments in rail network infrastructure by public and private stakeholders remain the primary driver of market growth. In addition, rapid urbanization and the expansion of metropolitan areas—largely...

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