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Global Locomotive Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
A locomotive is a self-propelled rail transport vehicle used solely to move trains along tracks. They have no cargo capacity. The locomotives on the trains might be found in the back, front, or both ends. Diesel fuel ignites, pushing pistons linked to an electric generator. Motors attached to the locomotive's wheels are propelled by the resultant electricity. Steam, diesel, or electricity are used to power many types of locomotives, including freight, passenger, and repowered locomotives.
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Europe is projected to have the highest CAGR over the forecast period. To cut expenses and pollutants, people in this area are employing electric trains. It has the presence of key manufacturers. The Germany locomotive market was the fastest-growing market in the region. The market expansion in this area is being driven by the rising demand for electric cars as part of the decarbonization strategy, notably in Germany, France, Sweden, and the United Kingdom, as well as the growth of the railway infrastructure.
Some of the key players profiled in the Locomotive Market include Siemens AG, Alstom SA, Wabtec Corporation, Union Pacific, Stadler, Hyundai Rotem, Hitachi, Mitsubishi Heavy Industries, Ltd, Sinara, Bombardier Transportation, AEG Power Solutions, Toshiba International Corporation, CZ LOKO, CRRC Corporation Limited, Bharat Heavy Electricals Limited, Strukton and Brookville Equipment Corporation.
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Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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