EU: Railway Maintenance Vehicle Market 2024

Railway Maintenance Vehicle Market Size in the EU

In 2021, after two years of decline, there was significant growth in the EU railway maintenance vehicle market, when its value increased by 16% to $X. The market value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Railway Maintenance Vehicle Production in the EU

In value terms, railway maintenance vehicle production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a deep downturn. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Railway Maintenance Vehicle Exports

Exports in the EU

In 2021, after four years of decline, there was significant growth in shipments abroad of railway or tramway maintenance or service vehicles, when their volume increased by 125% to X units. Over the period under review, exports, however, continue to indicate a dramatic curtailment. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, railway maintenance vehicle exports skyrocketed to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +101.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Spain (X units) was the main exporter of railway or tramway maintenance or service vehicles, achieving 41% of total exports. Germany (X units) ranks second in terms of the total exports with an 11% share, followed by Italy (9.7%), Sweden (8.4%), Slovakia (6.7%) and Austria (5.6%). Slovenia (X units) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to railway maintenance vehicle exports from Spain stood at +56.7%. At the same time, Slovakia (+61.4%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +61.4% from 2012-2021. Slovenia and Italy experienced a relatively flat trend pattern. By contrast, Germany (-7.8%), Sweden (-10.0%) and Austria (-35.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Spain, Italy, Germany, Slovakia, Sweden and Slovenia increased by +41, +8.6, +8.5, +6.6, +6 and +4.3 percentage points, respectively.

In value terms, the largest railway maintenance vehicle supplying countries in the European Union were Spain ($X), Austria ($X) and Germany ($X), with a combined 87% share of total exports.

Spain, with a CAGR of +64.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, waning by -19.6% against the previous year. Over the period under review, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 551%. As a result, the export price reached the peak level of $X per unit, and then declined notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+55.8%), while the other leaders experienced more modest paces of growth.

Railway Maintenance Vehicle Imports

Imports in the EU

In 2021, the amount of railway or tramway maintenance or service vehicles imported in the European Union skyrocketed to X units, jumping by 38% against the previous year. In general, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 119% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, railway maintenance vehicle imports shrank significantly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 62% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of railway maintenance vehicle imports in 2021 were Estonia (X units), Spain (X units) and Ireland (X units), together amounting to 54% of total import. Belgium (X units) held the next position in the ranking, followed by Germany (X units), France (X units) and Italy (X units). All these countries together took near 26% share of total imports. Bulgaria (X units), Sweden (X units), Poland (X units) and Austria (X units) took a little share 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 Estonia (with a CAGR of +100.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Sweden ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2021, together comprising 39% of total imports. Belgium, Italy, France, Austria, Germany, Ireland, Estonia and Bulgaria lagged somewhat behind, together accounting for a further 37%.

Ireland, with a CAGR of +81.7%, saw the highest rates of growth with regard to the value of imports, among 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

In 2021, the import price in the European Union amounted to $X per unit, falling by -49.3% against the previous year. Overall, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when the import price increased by 107% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 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 Poland ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+30.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :