Global Market Research Group

Press Release - 26 Mar 2018 Global Research and Development News -- . . Report Description- ' ' Demand for traction equipment is increasing globally. The major factor driving this growth is increasing demand for efficient railway transportation. Due to the rapid increase in freight and passenger traffic, countries around the world are trying to develop and modernize their railway networks. Rising populations and growing economies have created demand for mass transportation. Many countries, such as China and Spain, are rapidly developing their high-speed rail networks. While countries such as India and the U.S. focus on increasing the electrified lines in their network, others, such as Brazil, Germany, and the U.K., are focusing on modernizing their aging fleets. Traction systems are used to pull or draw vehicles (i.e., they act as propulsion systems for trains). Hence with the incre

"Traction Equipment Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. Description- Demand for traction equipment is increasing globally. The major factor driving this growth is increasing demand for efficient railway transportation. Due to the rapid increase in freight and passenger traffic, countries around the world are trying to develop and modernize their railway networks. Rising populations and growing economies have created demand for mass transportation. Many countries, such as China and Spain, are rapidly developing their high-speed rail networks. While countries such as India and the U.S. focus on increasing the electrified lines in their network, others, such as Brazil, Germany, and the U.K., are focusing on modernizing their aging fleets. Traction systems are used to pull or draw vehicles (i.e., t