Italy: Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size in Italy

In 2021, the Italian railway maintenance vehicle market was finally on the rise to reach $X after two years of decline. In general, consumption recorded a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Railway Maintenance Vehicle Production in Italy

In value terms, railway maintenance vehicle production surged to $X in 2021 estimated in export price. Overall, production saw strong growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Railway Maintenance Vehicle Exports

Exports from Italy

After two years of decline, overseas shipments of railway or tramway maintenance or service vehicles increased by 28% to X units in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 177%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, railway maintenance vehicle exports skyrocketed to $X in 2021. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 68% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Lithuania (X units), France (X units) and Ireland (X units) were the main destinations of railway maintenance vehicle exports from Italy, together accounting for 37% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +144.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for railway maintenance vehicle exported from Italy were Japan ($X), Lithuania ($X) and Switzerland ($X), together accounting for 41% of total exports. These countries were followed by India, Ireland, Belgium, France, Spain, Egypt, the United States, Canada and Morocco, which together accounted for a further 31%.

Ireland, with a CAGR of +118.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average railway maintenance vehicle export price amounted to $X per unit, rising by 18% against the previous year. In general, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 107%. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Maintenance Vehicle Imports

Imports into Italy

In 2021, railway maintenance vehicle imports into Italy expanded rapidly to X units, picking up by 14% against the previous year's figure. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 207% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, railway maintenance vehicle imports contracted notably to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 284% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X units) constituted the largest railway maintenance vehicle supplier to Italy, with a 44% share of total imports. Moreover, railway maintenance vehicle imports from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. The third position in this ranking was taken by Austria (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden stood at +47.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+62.6% per year) and Austria (+1.1% per year).

In value terms, the largest railway maintenance vehicle suppliers to Italy were Austria ($X), Sweden ($X) and Switzerland ($X), together comprising 76% of total imports. These countries were followed by Poland, the Netherlands and Germany, which together accounted for a further 13%.

Among the main suppliers, Poland, with a CAGR of +1,273.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average railway maintenance vehicle import price stood at $X per unit in 2021, which is down by -54.6% against the previous year. In general, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 an increase of 29%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+597.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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