World - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Locomotive Market
The electric locomotive market is expected to decline in consumption volume and value over the period from 2022 to 2030. Bangladesh leads in consumption and production, while China is the key player in exports. There has been fluctuation in consumption and production levels, with notable growth rates in certain countries. Import and export prices have shown varying trends over the years.
Market Forecast
The electric locomotive market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.2% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 12M units by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of +1.8% for the period from 2022 to 2030, which is projected to bring the market value to $779B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Electric Locomotives
In 2022, after four years of growth, there was significant decline in consumption of electric locomotives, when its volume decreased by -38% to 12M units. In general, consumption, however, continues to indicate a significant increase. As a result, consumption attained the peak volume of 20M units, and then fell dramatically in the following year.
The global electric locomotive market size soared to $673.2B in 2022, with an increase of 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Consumption By Country
Bangladesh (12M units) constituted the country with the largest volume of electric locomotive consumption, comprising approx. 99% of total volume.
In Bangladesh, electric locomotive consumption increased at an average annual rate of +109.2% over the period from 2012-2022.
In value terms, Bangladesh ($17M) led the market, alone.
In Bangladesh, the electric locomotive market expanded at an average annual rate of +63.4% over the period from 2012-2022.
In Bangladesh, electric locomotive per capita consumption increased at an average annual rate of +107.6% over the period from 2012-2022.
Production
World Production of Electric Locomotives
Global electric locomotive production skyrocketed to 107K units in 2022, increasing by 36% against 2021. The total output volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, production attained the peak volume and is likely to continue growth in the immediate term.
In value terms, electric locomotive production amounted to $548B in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 7.9% against the previous year. As a result, production attained the peak level of $602.8B. From 2016 to 2022, global production growth failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were China (44K units), Brazil (37K units) and Bangladesh (7.6K units), with a combined 83% share of global production.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Brazil (with a CAGR of +15.5%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Electric Locomotives
In 2022, approx. 12M units of electric locomotives were imported worldwide; which is down by -38.3% compared with 2021. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 3,095,535%. As a result, imports attained the peak of 20M units, and then fell rapidly in the following year.
In value terms, electric locomotive imports totaled $388M in 2022. Overall, imports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2016 when imports increased by 86%. Over the period under review, global imports attained the maximum at $625M in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
Imports By Country
The countries with the highest levels of electric locomotive imports in 2022 were Bangladesh (12M units), together resulting at 99.9% of total import.
Bangladesh was also the fastest-growing in terms of the electric locomotives imports, with a CAGR of +467.7% from 2012 to 2022. While the share of Bangladesh (+99 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Bangladesh ($17M) constitutes the largest market for imported electric locomotives worldwide.
In Bangladesh, electric locomotive imports expanded at an average annual rate of +388.0% over the period from 2012-2022.
Import Prices By Country
The average electric locomotive import price stood at $32 per unit in 2022, jumping by 82% against the previous year. Overall, the import price, however, continues to indicate a sharp contraction. The pace of growth appeared the most rapid in 2016 an increase of 18,390% against the previous year. Over the period under review, average import prices attained the peak figure at $962,810 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Bangladesh.
From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to -14.0% per year.
Exports
World Exports of Electric Locomotives
In 2022, the amount of electric locomotives exported worldwide reduced to 173 units, waning by -7.5% on the previous year's figure. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 78% against the previous year. The global exports peaked at 794 units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.
In value terms, electric locomotive exports shrank to $126M in 2022. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 224%. As a result, the exports attained the peak of $807M. From 2016 to 2022, the growth of the global exports remained at a lower figure.
Exports By Country
China was the key exporting country with an export of around 123 units, which recorded 71% of total exports. It was distantly followed by Australia (44 units), comprising a 25% share of total exports.
From 2012 to 2022, average annual rates of growth with regard to electric locomotive exports from China stood at -9.9%. Australia (-8.7%) illustrated a downward trend over the same period. Australia (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -3.8% from 2012 to 2022, respectively.
In value terms, China ($120M) remains the largest electric locomotive supplier worldwide, comprising 95% of global exports. The second position in the ranking was held by Australia ($46K), with less than 0.1% share of global exports.
In China, electric locomotive exports decreased by an average annual rate of -11.6% over the period from 2012-2022.
Export Prices By Country
In 2022, the average electric locomotive export price amounted to $730,832 per unit, shrinking by -2.8% against the previous year. Over the period under review, the export price showed a perceptible slump. The most prominent rate of growth was recorded in 2015 an increase of 83%. As a result, the export price attained the peak level of $1,015,836 per unit. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($972,313 per unit), while Australia stood at $1,045 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.9%).
This report provides an in-depth analysis of the global electric locomotive market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30201100 - Rail locomotives powered from an external source of electricity
- Prodcom 30201300 - Other rail locomotives, locomotive tenders
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global electric locomotive market.
This report provides an in-depth analysis of the global electric rail locomotive market.
In 2016, the amount of electric locomotive imported worldwide amounted to X tons, rising by X% against the previous year figure. Overall, electric locomotive imports continue to indicate a stron...
In 2016, the amount of electric locomotive imported worldwide amounted to X tons, rising by X% against the previous year figure. Overall, electric locomotive imports continue to indicate a stron...
In 2015, the electric locomotive market amounted to X thousand units, an increase of X% against the previous year.
In 2015, global electric locomotive market amounted to X thousand units, an increase of X% against the previous year. In value terms, it reached X million USD.
Despite a sharp slide in 2014 exports, Germany continued its dominance in the global electric locomotive trade. In 2014, Germany exported X thousand tons of electric locomotives totaling X million USD, X% under the previous year. Its primary tra
In 2013, Germany and China were the main global suppliers of electric locomotives with a combined share of X% of global exports. All the main suppliers strengthened their positions from 2007 to 2013.