Europe: Railway Maintenance Vehicle Market 2024

Railway Maintenance Vehicle Market Size in Europe

The Europe railway maintenance vehicle market declined modestly to $X in 2022, waning by X% against the previous year. Overall, consumption, however, continues to indicate a strong increase. The level of consumption peaked at $X in 2021, and then contracted modestly in the following year.

Railway Maintenance Vehicle Production in Europe

In value terms, railway maintenance vehicle production reduced to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Railway Maintenance Vehicle Exports

Exports in Europe

In 2022, the amount of railway or tramway maintenance or service vehicles exported in Europe reduced dramatically to X units, waning by X% on 2021 figures. Over the period under review, exports continue to indicate a perceptible setback. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then shrank significantly in the following year.

In value terms, railway maintenance vehicle exports contracted markedly to $X in 2022. Overall, exports showed a pronounced slump. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

In 2022, Italy (X units), Austria (X units), Germany (X units), Sweden (X units), the UK (X units), Spain (X units), France (X units), Switzerland (X units), Russia (X units), Poland (X units), Belgium (X units) and the Netherlands (X units) was the main exporter of railway or tramway maintenance or service vehicles in Europe, making up X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) emerged as the largest railway maintenance vehicle supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with an X% share of total exports. It was followed by Germany, with a X% share.

In Austria, railway maintenance vehicle exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Austria ($X,927 per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other leaders experienced more modest paces of growth.

Railway Maintenance Vehicle Imports

Imports in Europe

For the third year in a row, Europe recorded decline in purchases abroad of railway or tramway maintenance or service vehicles, which decreased by X% to X units in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, railway maintenance vehicle imports declined sharply to $X in 2022. Over the period under review, imports saw a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X units), Italy (X units), Slovakia (X units), Austria (X units), Spain (X units), Switzerland (X units), Sweden (X units), Germany (X units), the UK (X units), the Netherlands (X units), France (X units) and Serbia (X units) represented the major importer of railway or tramway maintenance or service vehicles in Europe, committing X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest railway maintenance vehicle importing markets in Europe were Italy ($X), Belgium ($X) and Sweden ($X), together comprising X% of total imports. Switzerland, Austria, Spain, Germany, the UK, France, Slovakia, Serbia and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Serbia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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