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Locomotive Market Size 2024: Global Share, Industry And Report Analysis By 2031 | Eurofins Scientific SE Intertek Group plc MISTRAS Group
Locomotive Market
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The growth in the locomotive market is instigated by the rapidly growing rail networks globally aimed at increasing rail freight, reducing road congestion, developing remote railway reach, and fulfilling increasing demand for public transport. This expansion of the rail network is projected to create new opportunities and scope for the purchase of locomotives globally. For instance, in January 2023, Siemens Mobility received an order for 1,200 locomotives of 9,000 horsepower (HP) from Indian Railways, marking the single largest locomotive order in the history of Siemens Mobility and single largest order in the history of Siemens India. Deliveries are planned over eleven years, and the contract includes 35 years of full-service maintenance.
full report of Locomotive Market available @ https://www.omrglobal.com/industry-reports/locomotive-market
• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global Locomotive Market Report Segment
By Propulsion Type
• Diesel
• Electric
By End-User
• Passenger
• Freight
Global Locomotive Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• The Middle East and Africa
The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global locomotive market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.
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