Locomotive Market | Future Scope, Top Companies, Development Plans, Revenue by Top Regions and Forecast by 2030
Locomotive Market Overview Locomotive Market is projected to be worth USD 25.7 billion by 2027, registering a CAGR of 11.61% during the forecast period (2021 – 2027), The market was valued at USD 18.9 billion in 2020 The Locomotive Market is driven by improving economies of developing countries as well as growing mining activities. These factors have helped shape the locomotive market and are expected to boost the growth. Companies in the locomotive market could also face challenges such as high initial investments and risk concerns. The details covered in the locomotive market report cover all the aspects of the industry. Analysts studying the locomotive market have also shared growth projections in the report and have suggested locomotive market players to plan business strategies accordingly. Prominent Players The Prominent Players operating in the global locomotive market are CRRC Corporation Limited (China), AEG Power Solutions (Ge