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Locomotive parking brakes hold the locomotive as well as any connected load in place. Locomotive parking brakes must perform their function at the maximum gradient and load encountered. A locomotive parking brake employs both manual and automatic modes. Further, locomotive parking brakes consist of various components, such as motors, brake shoes, linkages, fluids, electronic control systems, etc. In terms of market analysis, the outlook for locomotive parking brake market directly depends on the growth in the global locomotives market.

Investments in rail infrastructure will proliferate the demand for new locomotives, including diesel-electric powered locomotives. Most countries greatly rely on their rail infrastructure for the transport of goods and passengers. This, in turn, will give a great boost to the locomotive automotive parking brake market.  Additionally, rail component manufacturers developing locomotive parking brakes are among the key players likely to profit from prospective sales of freight cars and the other numerous proposed contracts, such as metros, regional trains and high-speed trains. Manufacturing of locomotives and rail transport will play a crucial role in governing the global locomotive parking brake market. For the next few years, experts anticipate continued stable growth in the global locomotive parking brake market against the backdrop of continued growth in the rail market. Subsequently, the aim of the study is to analyze the most recent trends and dynamics in the global and regional locomotive parking brake market.

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