Global Traction Equipment Market 2016-2024 - Rising Applications in Automobile to Boost Market
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...
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