GCC - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGCC: Electric Locomotive Market 2024
Electric Locomotive Market Size in GCC
The GCC electric locomotive market rose significantly to $X in 2021, increasing by 10% against the previous year. Overall, consumption, however, recorded mild growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.
Electric Locomotive Production in GCC
In value terms, electric locomotive production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 35%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.
Electric Locomotive Exports
Exports in GCC
Electric locomotive exports skyrocketed to X units in 2021, increasing by 167% compared with the previous year's figure. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 247%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.
In value terms, electric locomotive exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 when exports increased by 699%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.
Exports by Country
Saudi Arabia represented the key exporter of electric locomotives in GCC, with the volume of exports accounting for X units, which was near 75% of total exports in 2021. Bahrain (X units) took the second position in the ranking, followed by Kuwait (X units). All these countries together took near 25% share of total exports.
Saudi Arabia was also the fastest-growing in terms of the electric locomotives exports, with a CAGR of +13.0% from 2012 to 2021. Bahrain and Kuwait experienced a relatively flat trend pattern. While the share of Saudi Arabia (+35 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bahrain (-7.5 p.p.) and Kuwait (-7.5 p.p.) displayed negative dynamics.
In value terms, Saudi Arabia ($X) remains the largest electric locomotive supplier in GCC, comprising 60% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 22% share of total exports.
In Saudi Arabia, electric locomotive exports declined by an average annual rate of -15.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kuwait (+8.7% per year) and Bahrain (+14.7% per year).
Export Prices by Country
The export price in GCC stood at $X per unit in 2021, dropping by -32.8% against the previous year. In general, the export price faced a abrupt slump. The pace of growth appeared the most rapid in 2018 when the export price increased by 2,252%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the export prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while Bahrain ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+14.7%), while the other leaders experienced mixed trends in the export price figures.
Electric Locomotive Imports
Imports in GCC
In 2021, overseas purchases of electric locomotives decreased by -3.5% to X units, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 568%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.
In value terms, electric locomotive imports totaled $X in 2021. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 10,398%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Oman (X units) was the major importer of electric locomotives, creating 85% of total imports. It was distantly followed by Bahrain (X units), constituting a 13% share of total imports. The United Arab Emirates (X units) held a little share of total imports.
Imports into Oman increased at an average annual rate of +46.5% from 2012 to 2021. At the same time, Bahrain (+141.0%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +141.0% from 2012-2021. By contrast, the United Arab Emirates (-19.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Oman and Bahrain increased by +75 and +13 percentage points, respectively.
In value terms, Oman ($X), Bahrain ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2021, together accounting for 93% of total imports.
Among the main importing countries, Bahrain, with a CAGR of +30.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.
Import Prices by Country
In 2021, the import price in GCC amounted to $X per unit, picking up by 5.1% against the previous year. Over the period under review, the import price, however, recorded a significant decline. The most prominent rate of growth was recorded in 2017 an increase of 19,629%. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($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 United Arab Emirates (+5.2%), while the other leaders experienced a decline in the import price figures.
Source: IndexBox Platform
This report provides an in-depth analysis of the electric locomotive market in GCC. 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 2030.
Product coverage:
- Prodcom 30201100 - Rail locomotives powered from an external source of electricity
- Prodcom 30201300 - Other rail locomotives, locomotive tenders
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in GCC, split by region and country
- Trade (exports and imports) in GCC
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Bahrain
- Kuwait
- Oman
- Qatar
- Saudi Arabia
- United Arab Emirates
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
Recommended reports
This report provides an in-depth analysis of the electric locomotive market in Asia.
This report provides an in-depth analysis of the global electric locomotive market.
This report provides an in-depth analysis of the electric locomotive market in the EU.
This report provides an in-depth analysis of the electric locomotive market in the U.S..
This report provides an in-depth analysis of the electric locomotive market in China.