Asia-Pacific: Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size in Asia-Pacific

For the third consecutive year, the Asia-Pacific railway maintenance vehicle market recorded growth in sales value, which increased by 10% to $X in 2021. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Railway Maintenance Vehicle Production in Asia-Pacific

In value terms, railway maintenance vehicle production dropped to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 11% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Railway Maintenance Vehicle Exports

Exports in Asia-Pacific

After two years of decline, shipments abroad of railway or tramway maintenance or service vehicles increased by 48% to X units in 2021. In general, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 194%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, railway maintenance vehicle exports soared to $X in 2021. Over the period under review, exports recorded a resilient increase. The growth pace was the most rapid in 2018 with an increase of 118%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2021, China (X units) and South Korea (X units) were the major exporters of railway or tramway maintenance or service vehicles in Asia-Pacific, together making up 75% of total exports. It was distantly followed by Australia (X units), making up a 12% share of total exports. Singapore (X units), India (X units) and Japan (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +37.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest railway maintenance vehicle supplier in Asia-Pacific, comprising 74% of total exports. The second position in the ranking was held by South Korea ($X), with a 9.4% share of total exports. It was followed by India, with an 8.9% share.

In China, railway maintenance vehicle exports increased at an average annual rate of +14.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+9.0% per year) and India (+6.3% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, picking up by 24% against the previous year. Over the period under review, the export price showed significant growth. The growth pace was the most rapid in 2019 an increase of 166% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+32.8%), while the other leaders experienced mixed trends in the export price figures.

Railway Maintenance Vehicle Imports

Imports in Asia-Pacific

For the fifth year in a row, Asia-Pacific recorded growth in supplies from abroad of railway or tramway maintenance or service vehicles, which increased by 96% to X units in 2021. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 128%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, railway maintenance vehicle imports skyrocketed to $X in 2021. Over the period under review, imports recorded prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Lao People's Democratic Republic (X units) and Japan (X units) prevails in imports structure, together generating 73% of total imports. South Korea (X units) took an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (5.9%). The following importers - India (X units), Indonesia (X units) and the Philippines (X units) - together made up 8.1% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +158.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), India ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 67% share of total imports. Malaysia, Indonesia, Lao People's Democratic Republic and the Philippines lagged somewhat behind, together comprising a further 13%.

Lao People's Democratic Republic, with a CAGR of +91.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, with a decrease of -7.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 335%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+40.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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