Report Update Nov 1, 2024

India - Electric Rail Locomotives - Market Analysis, Forecast, Size, Trends and Insights

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India: Electric Rail Locomotive Market 2024

Electric Rail Locomotive Market Size in India

The Indian electric rail locomotive market declined significantly to $X in 2022, with a decrease of -99.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a significant decrease. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Electric Rail Locomotive Exports

Exports from India

In 2022, exports of electric rail locomotives from India amounted to X units, remaining stable against the previous year. In general, exports enjoyed a moderate expansion. The growth pace was the most rapid in 2017 with an increase of 60% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, electric rail locomotive exports amounted to $X in 2022. Overall, exports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2017 with an increase of 734,363% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria (X units), Germany (X units) and the UK (X units) were the main destinations of electric rail locomotive exports from India.

From 2014 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +18.9%), while the other leaders experienced more modest paces of growth.

From 2014 to 2022, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.8% per year) and Nigeria (-38.4% per year).

Export Prices by Country

In 2022, the average electric rail locomotive export price amounted to $X per unit, stabilizing at the previous year. In general, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 458,939% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+240.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Rail Locomotive Imports

Imports into India

In 2022, approx. X units of electric rail locomotives were imported into India; waning by -95.2% against 2021. Overall, imports faced a sharp decline. The pace of growth appeared the most rapid in 2017 with an increase of 27,380%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electric rail locomotive imports contracted sharply to $X in 2022. Over the period under review, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 18,507% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X units) was the main electric rail locomotive supplier to India, accounting for a 92% share of total imports. Moreover, electric rail locomotive imports from the UK exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled +2.0%.

In value terms, the UK ($X) constituted the largest supplier of electric rail locomotives to India, comprising 91% of total imports. The second position in the ranking was taken by China ($X), with a 9.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to -6.1%.

Import Prices by Country

In 2022, the average electric rail locomotive import price amounted to $X per unit, growing by 1,180% against the previous year. Overall, the import price continues to indicate a strong increase. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for the UK amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric rail locomotives in the world?

The countries with the highest volumes of in 2021 were Uzbekistan, China and Norway, together comprising 76% of global consumption.

What are the largest producers of electric rail locomotives in the world?

China remains the largest electric rail locomotive producing country worldwide, comprising approx. 74% of total volume. Moreover, electric rail locomotive production in China exceeded the figures recorded by the second-largest producer, Germany, sixfold. The third position in this ranking was occupied by Japan, with a 2.6% share.

What are the leading suppliers of electric rail locomotives to India?

In value terms, China constituted the largest supplier of electric rail locomotive to India, comprising 99% of total imports. The second position in the ranking was occupied by the UK, with a 0.5% share of total imports.

What are the leading importers of electric rail locomotives from India?

In value terms, Nepal remains the key foreign market for electric rail locomotive exports from India.

What is the average export price for electric rail locomotives in India?

In 2021, the average electric rail locomotive export price amounted to $2,781 per unit, reducing by -14.3% against the previous year.

What is the average import price for electric rail locomotives in India?

The average electric rail locomotive import price stood at $5,956 per unit in 2021, surging by 15% against the previous year.

This report provides an in-depth analysis of the electric rail locomotive market in India. 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

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023