Global Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size

In 2021, the global railway maintenance vehicle market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the global market failed to regain momentum.

Railway Maintenance Vehicle Production

In value terms, railway maintenance vehicle production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a drastic downturn. Global production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Railway Maintenance Vehicle Exports

Exports

Global railway maintenance vehicle exports surged to X units in 2021, increasing by 460% compared with the previous year. In general, exports posted buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 1,989% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the global exports remained at a lower figure.

In value terms, railway maintenance vehicle exports surged to $X in 2021. Over the period under review, total exports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK represented the main exporting country with an export of about X units, which reached 82% of total exports. It was distantly followed by the United States (X units), achieving a 13% share of total exports.

Exports from the UK increased at an average annual rate of +11.4% from 2012 to 2021. At the same time, the United States (+13.5%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.5% from 2012-2021. The UK (+32 p.p.) and the United States (+6.4 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest railway maintenance vehicle supplier worldwide, comprising 11% of global exports. The second position in the ranking was taken by the UK ($X), with a 1.4% share of global exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -1.1%.

Export Prices by Country

The average railway maintenance vehicle export price stood at $X per unit in 2021, declining by -69.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 2,441% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 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 the United States ($X per unit), while the UK amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+10.2%).

Railway Maintenance Vehicle Imports

Imports

In 2021, the amount of railway or tramway maintenance or service vehicles imported worldwide skyrocketed to X units, growing by 43% on the previous year. Over the period under review, imports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 77% against the previous year. Global imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, railway maintenance vehicle imports soared to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 27% against the previous year. Global imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Syrian Arab Republic was the largest importer of railway or tramway maintenance or service vehicles in the world, with the volume of imports recording X units, which was approx. 44% of total imports in 2021. It was distantly followed by Lao People's Democratic Republic (X units), Canada (X units) and Japan (X units), together making up a 28% share of total imports. Israel (X units), South Korea (X units), Tanzania (X units) and Malaysia (X units) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to railway maintenance vehicle imports into Syrian Arab Republic stood at +28.6%. At the same time, Lao People's Democratic Republic (+158.6%), South Korea (+73.8%), Tanzania (+22.6%), Malaysia (+15.6%) and Japan (+7.2%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in the world, with a CAGR of +158.6% from 2012-2021. By contrast, Israel (-6.6%) and Canada (-7.7%) illustrated a downward trend over the same period. While the share of Syrian Arab Republic (+40 p.p.), Lao People's Democratic Republic (+11 p.p.), Japan (+4.2 p.p.) and South Korea (+2.1 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Israel (-2.6 p.p.) and Canada (-8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported railway or tramway maintenance or service vehicles worldwide, comprising 14% of global imports. The second position in the ranking was taken by Canada ($X), with a 7.1% share of global imports. It was followed by South Korea, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value in Japan amounted to +6.2%. In the other countries, the average annual rates were as follows: Canada (+1.0% per year) and South Korea (+63.9% per year).

Import Prices by Country

The average railway maintenance vehicle import price stood at $X per unit in 2021, reducing by -15.8% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, railway maintenance vehicle import price decreased by -24.1% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 88%. Global import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat 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 Malaysia ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+31.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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