Locomotive Market 2019 Global Industry Analysis By Size, Emerging Technologies, Growth Factors, Types, Share, Opportunities, Key Country, Region, And Competitive Forecast To 2023. Locomotive Market Information Report by Technology (conventional locomotive, turbocharged and MAGLEVS), Application (Passenger and Freight) and by Region - Global Forecast to 2022.

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Locomotive Market Highlights:

Increasing rate of urbanization has been contributing towards the growing popularity of locomotive among the general public. Expansion of rail networks in majority of developed as well as developing nations as well as growing concern among the individuals regarding environmental sustainability has had a positive impact on the global locomotives market. Significant investment by authorities across the globe in development of railway infrastructure for freight and high speed trains has also resulted in the growth of global locomotive market.

Bharat Heavy Electricals Limited, Berliner Maschinenbau, Lokomo, China Northern Rail Corporation Limited, Bombardier Transportation, Brookville Equipment Corporation, GE Transportation, Alstom Ferroviaria S.p.A are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Locomotive Market.

Increasing rate of urbanization is contributing towards the growth of locomotive industry among the general public. Expansion of rail networks in majority of developed as well as developing nations as well as increasing concern amongst the individuals regarding environmental sustainability has lead to a positive impact on the global locomotives market. Significant investment by authorities across the globe in development of railway infrastructure for freight and high speed trains has also resulted in the growth of global locomotive market.

Diesel locomotive market is also growing significantly. Majority of the revenue is generated from the after-sales market which encompasses repair and maintenance of the approximately 120,000 diesel locomotives operated worldwide.

Increasing transport demand, as well as fleet refurbishments and new product platforms will spur the global locomotive market. A substantial proportion of locomotives are either operated solely for freight or used universally. The proportion of units used specifically for passenger transport has declined rapidly in the last few years.

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