GCC: Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size in GCC

The GCC railway maintenance vehicle market skyrocketed to $X in 2021, picking up by 49% against the previous year. Over the period under review, consumption saw a significant increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Railway Maintenance Vehicle Production in GCC

In value terms, railway maintenance vehicle production totaled $X in 2021 estimated in export price. Overall, production showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 158,672%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Railway Maintenance Vehicle Exports

Exports in GCC

In 2021, approx. X units of railway or tramway maintenance or service vehicles were exported in GCC; dropping by -13.6% compared with 2020. In general, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 204,389% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, railway maintenance vehicle exports reduced dramatically to $X in 2021. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 282% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Saudi Arabia (X units) represented the major exporter of railway or tramway maintenance or service vehicles, comprising 68% of total exports. The United Arab Emirates (X units) held a 26% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (5.3%).

From 2012 to 2021, average annual rates of growth with regard to railway maintenance vehicle exports from Saudi Arabia stood at -28.4%. Kuwait experienced a relatively flat trend pattern. the United Arab Emirates (-15.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates and Kuwait increased by +19 and +4.9 percentage points, respectively.

In value terms, Saudi Arabia ($X) remains the largest railway maintenance vehicle supplier in GCC, comprising 94% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.8% share of total exports.

In Saudi Arabia, railway maintenance vehicle exports declined by an average annual rate of -7.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-22.4% per year) and Kuwait (+2.4% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, declining by -50.5% against the previous year. In general, the export price, however, saw a significant increase. The pace of growth was the most pronounced in 2018 when the export price increased by 1,377,063%. Over the period under review, the export prices reached the maximum at $X per unit in 2020, and then shrank dramatically 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 Saudi Arabia ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+29.0%), while the other leaders experienced mixed trends in the export price figures.

Railway Maintenance Vehicle Imports

Imports in GCC

In 2021, approx. X units of railway or tramway maintenance or service vehicles were imported in GCC; with an increase of 116% compared with the previous year's figure. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 9,357%. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, railway maintenance vehicle imports surged to $X in 2021. Over the period under review, imports, however, recorded a deep contraction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the main importer of railway or tramway maintenance or service vehicles in GCC, with the volume of imports accounting for X units, which was approx. 77% of total imports in 2021. It was distantly followed by Kuwait (X units), constituting a 21% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to railway maintenance vehicle imports into the United Arab Emirates stood at +50.8%. At the same time, Kuwait (+77.7%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +77.7% from 2012-2021. Kuwait (+21 p.p.) and the United Arab Emirates (+6 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported railway or tramway maintenance or service vehicles in GCC, comprising 69% of total imports. The second position in the ranking was held by Kuwait ($X), with a 0.4% share of total imports.

In the United Arab Emirates, railway maintenance vehicle imports increased at an average annual rate of +63.0% over the period from 2012-2021.

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, rising by 55% against the previous year. Over the period under review, the import price, however, saw a dramatic curtailment. The pace of growth appeared the most rapid in 2016 when the import price increased by 10,754%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Kuwait amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.1%).

Source: IndexBox Platform