Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.27 Billion | USD 8.39 Billion | 3.74% | 2022 |
FrequentlyAsked Questions
Diesel multiple units (DMUs) and Locomotive (LOCO) are transportation vehicles crucial to the modern infrastructure. DMUs are multiple-unit trains.
The global DMU and LOCO market is expected to be driven by the growing rate of urbanization across the globe in addition to the small or large-scale development of cities.
According to study, the global DMU and LOCO market size was worth around USD 6.27 billion in 2022 and is predicted to grow to around USD 8.39 billion by 2030.
The CAGR value of the DMU and LOCO market is expected to be around 3.74% during 2023-2030.
The global DMU and LOCO market is expected to generate the highest revenue in Europe due to the presence of an excellent and expansive rail network.
The global DMU and LOCO market is led by players like Siemens Mobility, Bombardier Transportation, Alstom, CRRC (China Railway Rolling Stock Corporation), Stadler Rail, Hyundai Rotem, Talgo, Hitachi Rail, Skoda Transportation, and CAF (Construcciones y Auxiliar de Ferrocarriles) among many others.
The report explores crucial aspects of the DMU and LOCO market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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