
World - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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Global Electric Locomotive Market Overview 2020
Electric Locomotive Market Size
The global electric locomotive market declined modestly to $X in 2019, which is down by -X% against the previous year. Overall, consumption, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2016 to 2019, the growth of the global market failed to regain the momentum.
Electric Locomotive Production
In value terms, electric locomotive production rose significantly to $X in 2019 estimated in export prices. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Global production peaked at $X in 2008; however, from 2009 to 2019, production failed to regain the momentum.
Production By Country
Bahamas (X units) constituted the country with the largest volume of electric locomotive production, comprising approx. X% of total volume. Moreover, electric locomotive production in Bahamas exceeded the figures recorded by the second-largest producer, Germany (X units), more than tenfold.
In Bahamas, electric locomotive production expanded at an average annual rate of +X% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: Germany (+X% per year) and Austria (+X% per year).
Electric Locomotive Exports
Exports
In 2019, shipments abroad of electric locomotives increased by X% to X units for the first time since 2015, thus ending a three-year declining trend. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. As a result, exports reached the peak of X units. From 2016 to 2019, the growth of global exports failed to regain the momentum.
In value terms, electric locomotive exports reduced modestly to $X in 2019. Over the period under review, total exports indicated a perceptible expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, global exports hit record highs at $X in 2010; however, from 2011 to 2019, exports stood at a somewhat lower figure.
Exports by Country
France was the key exporter of electric locomotives in the world, with the volume of exports amounting to X units, which was near X% of total exports in 2019. Sweden (X units) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Russia (X%) and China (X%). Spain (X units) followed a long way behind the leaders.
From 2007 to 2019, the biggest increases were in Sweden (+X% per year), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the largest electric locomotive supplying countries worldwide were Spain ($X), China ($X) and France ($X), together comprising X% of global exports.
Spain (+X% per year) saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices by Country
In 2019, the average electric locomotive export price amounted to $X per unit, shrinking by -X% against the previous year. In general, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per unit in 2018, and then reduced rapidly in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Spain ($X per unit), while France ($X per unit) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Spain (+X% per year), while the other global leaders experienced a decline in the export price figures.
Electric Locomotive Imports
Imports
In 2019, purchases abroad of electric locomotives increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, global imports hit record highs at X units in 2015; however, from 2016 to 2019, imports remained at a lower figure.
In value terms, electric locomotive imports surged to $X in 2019. Over the period under review, imports continue to indicate a abrupt descent. Over the period under review, global imports attained the peak figure at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.
Imports by Country
South Africa dominates electric locomotive imports structure, finishing at X units, which was near X% of total imports in 2019. India (X units) followed a long way behind the leaders.
South Africa was also the fastest-growing in terms of the electric locomotives imports, with a CAGR of +X% from 2007 to 2019. At the same time, India (+X%) displayed positive paces of growth. While the share of South Africa (+X p.p.) and India (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, India ($X) constitutes the largest market for imported electric locomotives worldwide, comprising X% of global imports. The second position in the ranking was occupied by South Africa ($X), with a X% share of global imports.
From 2007 to 2019, the average annual rate of growth in terms of value in India totaled -X%.
Import Prices by Country
In 2019, the average electric locomotive import price amounted to $X per unit, waning by -X% against the previous year. Over the period under review, the import price continues to indicate a precipitous setback. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2009; however, from 2010 to 2019, import prices remained at a lower figure.
Prices varied noticeably by the country of destination; the country with the highest price was India ($X per unit), while South Africa stood at $X per unit.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for electric locomotives in the world?+
The country with the largest volume of electric locomotive consumption was Bahamas (791K units), comprising approx. 86% of total volume. Moreover, electric locomotive consumption in Bahamas exceeded the figures recorded by the second-largest consumer, South Africa (68K units), more than tenfold. Germany (32K units) ranked third in terms of total consumption with a 3.4% share.
What are the largest producers of electric locomotives in the world?+
Bahamas (791K units) remains the largest electric locomotive producing country worldwide, accounting for 91% of total volume. Moreover, electric locomotive production in Bahamas exceeded the figures recorded by the second-largest producer, Germany (32K units), more than tenfold.
What are the leading exporters of electric locomotives in the world?+
In value terms, Spain ($82M), China ($73M) and France ($27M) appeared to be the countries with the highest levels of exports in 2019, together comprising 22% of global exports.
What are the leading importers of electric locomotives in the world?+
In value terms, India ($791K) constitutes the largest market for imported electric locomotives worldwide, comprising 0.1% of global imports. The second position in the ranking was occupied by South Africa ($86K), with a 0% share of global imports.
What is the average export price for electric locomotives in the world?+
In 2019, the average electric locomotive export price amounted to $44,240 per unit, waning by -66.8% against the previous year.
What is the average import price for electric locomotives in the world?+
In 2019, the average electric locomotive import price amounted to $14,570 per unit, reducing by -26.2% against the previous year.
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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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