Global Locomotive Market Forecast, 2025 to 2030: Growth Drivers...

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2025-09-03 06:12:37 -

Global Locomotive Market Forecast, 2025 to 2030: Growth Drivers & Opportunities

The global locomotive market size was estimated at USD 23.9 billion in 2024 and is projected to reach USD 40.70 billion by 2030, growing at a CAGR of 9.7% from 2025 to 2030. The primary driver behind this growth is the increasing level of investments in rail network infrastructure, coming from both public sector bodies and private enterprises seeking to modernize and expand railway...

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