Scandinavia: Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size in Scandinavia

The Scandinavia railway maintenance vehicle market expanded slightly to $X in 2021, with an increase of 2% against the previous year. Over the period under review, consumption, however, posted perceptible growth. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Railway Maintenance Vehicle Production in Scandinavia

In value terms, railway maintenance vehicle production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a measured expansion. The most prominent rate of growth was recorded in 2019 with an increase of 343% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Railway Maintenance Vehicle Exports

Exports in Scandinavia

In 2021, the amount of railway or tramway maintenance or service vehicles exported in Scandinavia surged to X units, jumping by 21% compared with the year before. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 256% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, railway maintenance vehicle exports declined rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 186% against the previous year. 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

Sweden represented the key exporting country with an export of around X units, which reached 87% of total exports. It was distantly followed by Denmark (X units), committing an 11% share of total exports. Norway (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to railway maintenance vehicle exports from Sweden stood at -10.0%. At the same time, Denmark (+51.3%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +51.3% from 2012-2021. By contrast, Norway (-15.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark increased by +11 percentage points.

In value terms, Sweden ($X) remains the largest railway maintenance vehicle supplier in Scandinavia, comprising 74% of total exports. The second position in the ranking was held by Denmark ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Sweden totaled -2.0%. In the other countries, the average annual rates were as follows: Denmark (+32.5% per year) and Norway (-22.2% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, reducing by -60.5% against the previous year. Overall, the export price, however, recorded resilient growth. The pace of growth appeared the most rapid in 2020 an increase of 407% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.8%), while the other leaders experienced a decline in the export price figures.

Railway Maintenance Vehicle Imports

Imports in Scandinavia

In 2021, approx. X units of railway or tramway maintenance or service vehicles were imported in Scandinavia; growing by 52% against the previous year. Over the period under review, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 84%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, railway maintenance vehicle imports reduced to $X in 2021. Overall, imports, however, showed a mild decrease. The pace of growth was the most pronounced in 2020 with an increase of 480%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X units) represented the key importer of railway or tramway maintenance or service vehicles, generating 59% of total imports. Norway (X units) ranks second in terms of the total imports with an 18% share, followed by Finland (11%) and Denmark (10%). Iceland (X units) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to railway maintenance vehicle imports into Sweden stood at -12.1%. At the same time, Denmark (+19.6%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +19.6% from 2012-2021. By contrast, Norway (-7.3%), Finland (-10.1%) and Iceland (-42.4%) illustrated a downward trend over the same period. While the share of Denmark (+9.5 p.p.), Norway (+4 p.p.) and Iceland (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sweden (-15.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported railway or tramway maintenance or service vehicles in Scandinavia, comprising 57% of total imports. The second position in the ranking was taken by Norway ($X), with a 22% share of total imports. It was followed by Denmark, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to +14.6%. The remaining importing countries recorded the following average annual rates of imports growth: Norway (-11.4% per year) and Denmark (+31.0% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, shrinking by -38.8% against the previous year. Overall, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when the import price increased by 366%. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a 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 Denmark ($X per unit), while Iceland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+30.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform