Global Railway Maintenance Vehicle Market 2024

Railway Maintenance Vehicle Market Size

The global railway maintenance vehicle market reduced slightly to $X in 2022, dropping by X% against the previous year. Overall, consumption saw a remarkable increase. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Railway Maintenance Vehicle Production

In value terms, railway maintenance vehicle production declined to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, global production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Railway Maintenance Vehicle Exports

Exports

In 2022, overseas shipments of railway or tramway maintenance or service vehicles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, total exports indicated slight growth from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then fell remarkably in the following year.

In value terms, railway maintenance vehicle exports shrank remarkably to $X in 2022. In general, exports saw a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The United States was the main exporting country with an export of about X units, which resulted at X% of total exports. China (X units) held the second position in the ranking, distantly followed by Italy (X units), Austria (X units) and Germany (X units). All these countries together took near X% share of total exports. The following exporters - Sweden (X units), the UK (X units), Spain (X units), France (X units), Switzerland (X units), Canada (X units) and Russia (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to railway maintenance vehicle exports from the United States stood at X%. At the same time, China (X%), Spain (X%), Sweden (X%), Italy (X%), France (X%), the UK (X%) and Canada (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Switzerland (X%), Austria (X%), Germany (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.), China (X p.p.), Italy (X p.p.), Sweden (X p.p.) and Spain (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Switzerland (X p.p.), Russia (X p.p.), Germany (X p.p.) and Austria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest railway maintenance vehicle supplying countries worldwide were Austria ($X), the United States ($X) and China ($X), with a combined X% share of global exports.

Among the main exporting countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average railway maintenance vehicle export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price showed a noticeable setback. The growth pace was the most rapid in 2017 an increase of X%. The global export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X,927 per unit), while France ($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 global leaders experienced more modest paces of growth.

Railway Maintenance Vehicle Imports

Imports

In 2022, purchases abroad of railway or tramway maintenance or service vehicles increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a temperate increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of global imports remained at a lower figure.

In value terms, railway maintenance vehicle imports reduced sharply to $X in 2022. Overall, imports, however, continue to indicate a mild slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X units), distantly followed by India (X units), the United States (X units), Canada (X units) and Mexico (X units) represented the key importers of railway or tramway maintenance or service vehicles, together making up X% of total imports. Namibia (X units), Senegal (X units), Brazil (X units), Belgium (X units), Kazakhstan (X units), Japan (X units), Italy (X units) and Slovakia (X units) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the railway or tramway maintenance or service vehicles imports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%), Namibia (X%), Belgium (X%), Slovakia (X%), Brazil (X%), India (X%), Mexico (X%), the United States (X%), Italy (X%) and Canada (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), India (X p.p.), Namibia (X p.p.), Senegal (X p.p.), Belgium (X p.p.), the United States (X p.p.), Mexico (X p.p.), Brazil (X p.p.) and Slovakia (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest railway maintenance vehicle importing markets worldwide were Indonesia ($X), Japan ($X) and India ($X), with a combined X% share of global imports.

Among the main importing countries, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average railway maintenance vehicle import price amounted to $X per unit, dropping by X% against the previous year. Overall, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Japan ($X,107 per unit), while Namibia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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