South-Eastern Asia: Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size in South-Eastern Asia

In 2021, the Southeast Asian railway maintenance vehicle market increased by 72% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw 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 South-Eastern Asia

In value terms, railway maintenance vehicle production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 43%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Railway Maintenance Vehicle Exports

Exports in South-Eastern Asia

In 2021, railway maintenance vehicle exports in South-Eastern Asia skyrocketed to X units, with an increase of 88% compared with 2020 figures. Overall, exports showed noticeable growth. The growth pace was the most rapid in 2019 with an increase of 110% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, railway maintenance vehicle exports soared to $X in 2021. In general, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Singapore (X units) was the main exporter of railway or tramway maintenance or service vehicles, comprising 58% of total exports. Malaysia (X units) held the second position in the ranking, distantly followed by Indonesia (X units) and Thailand (X units). All these countries together took approx. 39% share of total exports. Vietnam (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to railway maintenance vehicle exports from Singapore stood at +37.9%. At the same time, Vietnam (+100.0%) and Malaysia (+4.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +100.0% from 2012-2021. By contrast, Indonesia (-3.9%) and Thailand (-16.4%) illustrated a downward trend over the same period. Singapore (+53 p.p.) and Vietnam (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Thailand saw its share reduced by -13.1% and -42.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest railway maintenance vehicle supplier in South-Eastern Asia, comprising 82% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total exports. It was followed by Vietnam, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore totaled +25.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+25.5% per year) and Vietnam (+53.9% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, jumping by 47% against the previous year. Overall, the export price enjoyed modest growth. The pace of growth appeared the most rapid in 2013 an increase of 64%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices remained at a lower figure.

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 Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3,307.7%), while the other leaders experienced mixed trends in the export price figures.

Railway Maintenance Vehicle Imports

Imports in South-Eastern Asia

In 2021, the amount of railway or tramway maintenance or service vehicles imported in South-Eastern Asia soared to X units, picking up by 240% compared with 2020. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 497% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, railway maintenance vehicle imports soared to $X in 2021. Overall, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Lao People's Democratic Republic was the major importing country with an import of about X units, which amounted to 78% of total imports. It was distantly followed by Malaysia (X units), Indonesia (X units) and the Philippines (X units), together achieving a 20% share of total imports.

Lao People's Democratic Republic was also the fastest-growing in terms of the railway or tramway maintenance or service vehicles imports, with a CAGR of +158.6% from 2012 to 2021. At the same time, Indonesia (+45.1%), Malaysia (+15.6%) and the Philippines (+4.6%) displayed positive paces of growth. Lao People's Democratic Republic (+78 p.p.), the Philippines (+4.6 p.p.) and Indonesia (+3.3 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by -14.8% from 2012 to 2021, respectively.

In value terms, Malaysia ($X), Indonesia ($X) and Lao People's Democratic Republic ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 73% of total imports.

Lao People's Democratic Republic, with a CAGR of +91.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, dropping by -21.1% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2014 when the import price increased by 170%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+40.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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