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Share this article NEW YORK, May 13, 2021 /PRNewswire/ Technavio has announced its latest market research report titled Railway Maintenance Machinery Market by Product and Geography - Forecast and Analysis 2021-2025 The railway maintenance machinery market is poised to grow by USD 2.56 billion between 2021-2025, progressing at a CAGR of almost 9% during the forecast period.  Electric trains are economically more viable and sustainable than fuel-powered trains, due to which there is an increase in railway electrification projects globally. Significant reduction in the emission while transit and faster acceleration and deceleration of the engines compared with the diesel engines are the key drivers for the growth of the electric engines. The governments of various countries are planning to increase the electrification of railways during the forecast period. For instance, the Government of India approved the complete electrification of railways by 2021-2022. Many other countrie

United statesUnited kingdomBahnbaumaschinen gmbJesse maidaChina railway construction corpAlamo group incTechnavio researchSpeno internationalHarsco corpAmerican equipment coRailway network cables marketLoram maintenance of way incRailway management system marketGroup srlNorth americaKey opportunities