Global Locomotive Market Size, Share, Trends Analysis, Growth, Report 2023-2028
Global Locomotive Market Overview 2023-2028 IMARC Group, a leading market research company, has recently releases report titled “Locomotive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global locomotive market share , size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. The global locomotive market siz e reached US$ 20.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.6 Billion by 2028, exhibiting a growth rate (CAGR) of 9.5% during 2023-2028. A locomotive is a robust railway vehicle responsible for providing the motive force to propel trains. Essentially, it functions as an engine that either pulls or pushes a train along a set of tracks. Notably, it boasts high fuel efficiency when compared to alternative modes of transportation, ...