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marketstatistics added blog Other
2025-09-03 06:12:29 -

Locomotive Market Forecast, 2025 to 2030: Growth Drivers & Opportunities
The global locomotive market size was estimated at USD 23.9 billion in 2024 and is projected to reach USD 40.70 billion by 2030, growing at a CAGR of 9.7% from 2025 to 2030. The primary driver behind this growth is the increasing level of investments in rail network infrastructure, coming from both public sector bodies and private enterprises seeking to modernize and expand railway...

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henrypaul640 added blog Other
2025-12-11 05:41:26 -

Locomotive Market 2030: Challenges and Opportunities Ahead
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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