Electric Locomotive Market

Electric locomotive market: get recently published facts and figures empowered by an Ai-driven market research tool. Information contain imports, consumption, market prices, companies, trade, production, exports, and market size. Here is a split by region, including the Middle East, Africa, Russia, Latin America, EU, the U.S., China, and the U.K. Market dynamics and forecast to 2030 are also provided in the dashboards.


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Electric Locomotive - World's Largest Markets

RatingCountry
1China
2United States
3Russia
4South Korea
5France

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Russia.

In China, the electric locomotive market declined by an average annual rate of -7.9% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-0.7% per year) and Russia (+14.1% per year).

Electric Locomotive Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
France20421129785542-47.9%
Sweden490242639321277-34.1%
South Korea16777168472318517.6%
Romania3432937275403008.3%
China16991922144460372-40.4%
Germany316611291386257888-9.7%
Average855768815638010-33.4%

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($257,888 per unit), while France ($5,542 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced mixed trends in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Switzerland1987731996091988190.0%
Sweden5831659908605031.9%
Denmark685151416726195-38.2%
Ireland182551781817382-2.4%
Morocco851768427633-5.3%
Uzbekistan28373214618747.7%
Canada948931015958-20.8%
Kenya2716264828823.0%
Spain541011107752242-79.6%
Belgium170309921611-69.2%
Singapore13371074970-14.8%
Malaysia4581091304-18.5%
Egypt11693127279119-89.9%
Average1187767452299139.1%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Switzerland ($198,819 per unit), while Egypt ($119 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Uzbekistan, while the other global leaders experienced more modest paces of growth.

Electric Locomotive - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
Switzerland454.68435.9%
Sweden6212549-10.4%
Ireland213.24648.3%
Uzbekistan0.30.3431099.0%
Denmark1.91.813160.5%

In value terms, Switzerland ($84M), Sweden ($50M) and Ireland ($46M) constituted the countries with the highest levels of imports in 2020, together accounting for 29% of global imports. These countries were followed by Uzbekistan, Denmark, Kenya, Morocco, Singapore, Spain, Canada, Belgium, Malaysia and Egypt, which together accounted for a further 13%.

Uzbekistan (+1,099.0% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Electric Locomotive - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Germany4294945149.4%
China623510630.3%
France122784168.9%
South Korea120.0275145.8%
Romania247.8275.2%

In value terms, Germany ($514M) remains the largest electric locomotive supplier worldwide, comprising 55% of global exports. The second position in the ranking was occupied by China ($106M), with a 11% share of global exports. It was followed by France, with a 8.9% share.

In Germany, electric locomotive exports increased at an average annual rate of +9.4% over the period from 2018-2020. In the other countries, the average annual rates were as follows: China (+30.3% per year) and France (+168.9% per year).

Electric Locomotive - Market Forecast

Depressed by shrinking demand for electric locomotive worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Electric Locomotive - Top Companies

CRRC Group Co., Ltd., CRRC Corporation Limited, ALSTOM Schienenfahrzeuge AG, Bombardier Inc, China Railway Signal & Communication Corporation Limited, ARGE Gate Oerlikon, ALSTOM TRANSPORT SA, Westinghouse Air Brake Technologies Corporation, Trinity Industries, Inc., Hyundai Rotem Company, The Greenbrier Companies Inc, Bombardier Transportation GmbH, Union Tank Car Company, Inner Mongolia First Machinery Group Co., Ltd., CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, SA, CRRC Nanjing Puzhen Co., Ltd., UGL RAIL PTY LTD, Knorr Brake Holding Corporation, BOMBARDIER TRANSPORTATION UK LTD, DB Fahrzeuginstandhaltung GmbH

Electric Locomotive - Product Coverage

  • HS 8601 - Rail locomotives; powered from an external source of electricity or by electric accumulators
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World - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global electric locomotive market.

Africa - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electric locomotive market in Africa.

Eastern Asia - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electric locomotive market in Eastern Asia.

South-Eastern Asia - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electric locomotive market in South-Eastern Asia.

Middle East - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electric locomotive market in the Middle East.

Latin America and the Caribbean - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electric locomotive market in Latin America and the Caribbean.

Northern America - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electric locomotive market in Northern America.

Southern Asia - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electric locomotive market in Southern Asia.

Australia and Oceania - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electric locomotive market in Australia and Oceania.

Central Asia - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the electric locomotive market in Central Asia.

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