India: Self-Propelled Railway Coach Market 2025

Self-Propelled Railway Coach Market Size in India

In 2021, after five years of growth, there was decline in the Indian self-propelled railway coach market, when its value decreased by -4.9% to $X. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +71.0% against 2013 indices. Over the period under review, the market reached the peak level at $X in 2020, and then reduced slightly in the following year.

Self-Propelled Railway Coach Production in India

In value terms, self-propelled railway coach production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a strong increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 163% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then fell modestly in the following year.

Self-Propelled Railway Coach Exports

Exports from India

In 2021, overseas shipments of railway or tramway coaches (self-propelled) increased by 698% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 32,070% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, self-propelled railway coach exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 39,205%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Canada (X tons), Australia (X tons) and Sri Lanka (X tons) were the main destinations of self-propelled railway coach exports from India, together comprising 97% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +3,294.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled railway coach exported from India were Canada ($X), Australia ($X) and Sri Lanka ($X), together comprising 98% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +5,695.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average self-propelled railway coach export price stood at $X per ton in 2021, picking up by 16% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, self-propelled railway coach export price increased by +15.9% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+70.7%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Propelled Railway Coach Imports

Imports into India

In 2021, approx. X tons of railway or tramway coaches (self-propelled) were imported into India; waning by -91% against 2020. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 161%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, self-propelled railway coach imports reduced remarkably to $X in 2021. Over the period under review, imports showed a deep contraction. The growth pace was the most rapid in 2014 with an increase of 109%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of self-propelled railway coach to India, accounting for a 76% share of total imports. Moreover, self-propelled railway coach imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. Italy (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea stood at -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.0% per year) and Italy (+18.3% per year).

In value terms, South Korea ($X) constituted the largest supplier of railway or tramway coaches (self-propelled) to India, comprising 78% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Italy, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.0% per year) and Italy (+75.9% per year).

Import Prices by Country

In 2021, the average self-propelled railway coach import price amounted to $X per ton, with an increase of 32% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+48.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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