Report Update Jan 1, 2025

Vietnam - Railway or Tramway Maintenance or Service Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size in Vietnam

The Vietnamese railway maintenance vehicle market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, recorded a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Railway Maintenance Vehicle Production in Vietnam

In value terms, railway maintenance vehicle production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 11% against the previous year. Railway maintenance vehicle production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Railway Maintenance Vehicle Exports

Exports from Vietnam

In 2021, approx. X units of railway or tramway maintenance or service vehicles were exported from Vietnam; with an increase of 100% compared with the year before. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

Exports by Country

New Zealand (X units) was the main destination for railway maintenance vehicle exports from Vietnam, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to New Zealand was relatively modest.

In value terms, New Zealand ($X) emerged as the key foreign market for railway or tramway maintenance or service vehicles exports from Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand was relatively modest.

Export Prices by Country

The average railway maintenance vehicle export price stood at $X per unit in 2021, increasing by 3,308% against the previous year. Overall, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2020 to 2021, the rate of growth in terms of prices for New Zealand amounted to 0.0% per year.

Railway Maintenance Vehicle Imports

Imports into Vietnam

In 2021, supplies from abroad of railway or tramway maintenance or service vehicles increased by 3.8% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 1,844%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, railway maintenance vehicle imports soared to $X in 2021. Over the period under review, imports continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2017 when imports increased by 651%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of railway maintenance vehicle to Vietnam, accounting for a 44% share of total imports. Moreover, railway maintenance vehicle imports from Italy exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled -15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-3.1% per year) and China (+8.0% per year).

In value terms, Italy ($X) constituted the largest supplier of railway or tramway maintenance or service vehicles to Vietnam, comprising 46% of total imports. The second position in the ranking was held by South Korea ($X), with a 6.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.6% per year) and China (+23.3% per year).

Import Prices by Country

In 2021, the average railway maintenance vehicle import price amounted to $X per unit, surging by 55% against the previous year. Overall, the import price showed resilient growth. The pace of growth appeared the most rapid in 2020 an increase of 64%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway maintenance or service vehicles in the world?

The countries with the highest volumes of railway maintenance vehicle consumption in 2021 were Malaysia, the United States and Canada, together comprising 38% of global consumption. Switzerland, the Philippines, Japan, Belgium, Thailand, the United Arab Emirates, Qatar, Mozambique, the UK and Kazakhstan lagged somewhat behind, together comprising a further 35%.

What are the largest producers of railway or tramway maintenance or service vehicles in the world?

The United States remains the largest railway maintenance vehicle producing country worldwide, accounting for 38% of total volume. Moreover, railway maintenance vehicle production in the United States exceeded the figures recorded by the second-largest producer, Spain, twofold. The third position in this ranking was occupied by Austria, with a 15% share.

What are the leading suppliers of railway or tramway maintenance or service vehicles to Vietnam?

In value terms, China, South Korea and Italy appeared to be the largest railway maintenance vehicle suppliers to Vietnam, together accounting for 100% of total imports.

What is the average export price for railway or tramway maintenance or service vehicles in Vietnam?

In 2021, the average railway maintenance vehicle export price amounted to $3,085 per unit, rising by 3.9% against the previous year.

What is the average import price for railway or tramway maintenance or service vehicles in Vietnam?

In 2021, the average railway maintenance vehicle import price amounted to $35,087 per unit, falling by -8.8% against the previous year.

This report provides an in-depth analysis of the railway maintenance vehicle market in Vietnam. 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 30203100 - Railway or tramway maintenance or service vehicles (including workshops, cranes, ballast tampers, track-liners, t esting coaches and track inspection vehicles)

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024