EU: Electric Rail Locomotive Market 2025

Electric Rail Locomotive Market Size in the EU

The EU electric rail locomotive market was estimated at $X in 2022, standing approx. at the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Electric Rail Locomotive Production in the EU

In value terms, electric rail locomotive production totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 1.9% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electric Rail Locomotive Exports

Exports in the EU

In 2022, approx. X units of electric rail locomotives were exported in the European Union; shrinking by -49.1% on 2021. In general, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 1,381%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, electric rail locomotive exports declined to $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 151% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Germany (X units) was the major exporter of electric rail locomotives, generating 73% of total exports. It was distantly followed by Italy (X units), constituting an 11% share of total exports. Spain (X units), Slovakia (X units) and France (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric rail locomotive exports from Germany stood at -30.1%. At the same time, Italy (+67.0%), Slovakia (+42.5%), France (+39.5%) and Spain (+23.5%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +67.0% from 2012-2022. From 2012 to 2022, the share of Italy, Spain, Slovakia and France increased by +11, +4.1, +3.9 and +1.6 percentage points, respectively.

In value terms, Germany ($X) remains the largest electric rail locomotive supplier in the European Union, comprising 73% of total exports. The second position in the ranking was held by France ($X), with a 12% share of total exports. It was followed by Italy, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: France (+22.6% per year) and Italy (+28.4% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, picking up by 80% against the previous year. Overall, the export price saw a significant increase. The most prominent rate of growth was recorded in 2018 when the export price increased by 14,234% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 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 France ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+42.6%), while the other leaders experienced mixed trends in the export price figures.

Electric Rail Locomotive Imports

Imports in the EU

In 2022, the amount of electric rail locomotives imported in the European Union skyrocketed to X units, increasing by 65,534% compared with the previous year. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric rail locomotive imports reached $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 101%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the one major importers of electric rail locomotives, namely Denmark, represented more than two-thirds of total import.

Denmark was also the fastest-growing in terms of the electric rail locomotives imports, with a CAGR of +41,000.7% from 2012 to 2022. While the share of Denmark (+99 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported electric rail locomotives in the European Union.

From 2012 to 2022, the average annual growth rate of value in Denmark stood at +89.3%.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, falling by -99.8% against the previous year. Overall, the import price saw a sharp decrease. The pace of growth appeared the most rapid in 2014 an increase of 2,015%. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Denmark.

From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to -99.5% per year.

Source: IndexBox Platform

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