We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report World - Electric Rail Locomotives - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Feb 1, 2025

World - Electric Rail Locomotives - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Global Electric Rail Locomotive Market 2025

Electric Rail Locomotive Market Size

In 2022, after five years of growth, there was decline in the global electric rail locomotive market, when its value decreased by -0.7% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Electric Rail Locomotive Production

In value terms, electric rail locomotive production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 1.2% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electric Rail Locomotive Exports

Exports

Global electric rail locomotive exports declined remarkably to X units in 2022, with a decrease of -36.8% on the year before. In general, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2016 when exports increased by 415% against the previous year. The global exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, electric rail locomotive exports dropped markedly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 57% against the previous year. Over the period under review, the global exports hit record highs at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Germany (X units), Russia (X units), South Korea (X units), Kazakhstan (X units) and Japan (X units) represented roughly 80% of total exports in 2022. It was distantly followed by the UK (X units), mixing up a 5% share of total exports. Italy (X units) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +67.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest electric rail locomotive supplier worldwide, comprising 43% of global exports. The second position in the ranking was taken by South Korea ($X), with a 14% share of global exports. It was followed by Japan, with a 4.1% share.

In Germany, electric rail locomotive exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+138.9% per year) and Japan (+39.9% per year).

Export Prices by Country

In 2022, the average electric rail locomotive export price amounted to $X per unit, increasing by 33% against the previous year. Overall, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 4,520%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+50.7%), while the other global leaders experienced more modest paces of growth.

Electric Rail Locomotive Imports

Imports

Global electric rail locomotive imports soared to X units in 2022, jumping by 617% compared with the previous year. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 8,698%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of global imports failed to regain momentum.

In value terms, electric rail locomotive imports soared to $X in 2022. Overall, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. Over the period under review, global imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X units) was the main importer of electric rail locomotives in the world, achieving 94% of total import.

Denmark was also the fastest-growing in terms of the electric rail locomotives imports, with a CAGR of +41,000.7% from 2012 to 2022. While the share of Denmark (+93 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported electric rail locomotives worldwide.

From 2012 to 2022, the average annual rate of growth in terms of value in Denmark stood at +89.3%.

Import Prices by Country

The average electric rail locomotive import price stood at $X per unit in 2022, dropping by -83.9% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 43,590%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Denmark.

From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to -99.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were Uzbekistan, China and Norway, with a combined 76% share of global consumption.
The country with the largest volume of electric rail locomotive production was China, accounting for 74% of total volume. Moreover, electric rail locomotive production in China exceeded the figures recorded by the second-largest producer, Germany, sixfold. Japan ranked third in terms of total production with a 2.6% share.
In value terms, Germany remains the largest electric rail locomotive supplier worldwide, comprising 41% of global exports. The second position in the ranking was occupied by China, with a 20% share of global exports. It was followed by South Korea, with a 5.3% share.
In value terms, the largest electric rail locomotive importing markets worldwide were Singapore, Denmark and Uzbekistan, with a combined 30% share of global imports.
In 2021, the average electric rail locomotive export price amounted to $33,690 per unit, surging by 19% against the previous year.
In 2021, the average electric rail locomotive import price amounted to $4,024 per unit, increasing by 3.7% against the previous year.

This report provides an in-depth analysis of the global electric rail locomotive market. 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 30201100 - Rail locomotives powered from an external source of electricity

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

Recommended reports

Asia - Electric Rail Locomotives - Market Analysis, Forecast, Size, Trends and Insights
$599
Feb 1, 2025
Eye 303

This report provides an in-depth analysis of the electric rail locomotive market in Asia.

U.S. - Electric Rail Locomotives - Market Analysis, Forecast, Size, Trends and Insights
$599
Feb 1, 2025
Eye 284

This report provides an in-depth analysis of the electric rail locomotive market in the U.S..

China - Electric Rail Locomotives - Market Analysis, Forecast, Size, Trends and Insights
$599
Feb 1, 2025
Eye 299

This report provides an in-depth analysis of the electric rail locomotive market in China.

EU - Electric Rail Locomotives - Market Analysis, Forecast, Size, Trends and Insights
$599
Feb 1, 2025
Eye 322

This report provides an in-depth analysis of the electric rail locomotive market in the EU.

Free Data: Electric Rail Locomotives - World
Table
Electric Rail Locomotives - World - Table
Dashboard
Electric Rail Locomotives - World - Dashboard
Report
Electric Rail Locomotives - World - Report