In 2023, Germany led the global export of externally electrically powered rail locomotives with a significant market share of 51.37%, despite a slight decrease of 0.16% from last year. Spain and Austria followed, exhibiting growth rates of 3.3% and 3.5%, reaching values of 26.57% and 5.1%, respectively. China saw a decline of 2.86%, positioning it at 4.55%, while South Korea and India showed notable increases of 4.17% and an impressive 147.21%, respectively. Switzerland and Russia faced declines, whereas countries like the Czech Republic showed double-digit growth, reflecting a dynamic landscape.
Future trends to watch include the potential for increased export shares from rising markets such as India and the Czech Republic, alongside Germany’s sustained dominance. Growth may be driven by technological advancements in electric locomotive efficiency and international adoption of electric train systems, influenced by environmental policies and infrastructure investments worldwide.
Top countries in Export of Rail Locomotives Externally Electrically Powered Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 51.37 | 2023 | +1.06% | -0.16% | View data |
| 2 | 2 Spain | 26.57 | 2023 | +6.08% | +3.3% | View data |
| 3 | 3 Austria | 5.1 | 2023 | +1.86% | +3.5% | View data |
| 4 | 4 China | 4.55 | 2023 | -18.48% | -2.86% | View data |
| 5 | 5 South Korea | 1.84 | 2023 | -6.97% | +4.17% | View data |
| 6 | 6 Sweden | 1.56 | 2023 | +2.13% | +0.2% | View data |
| 7 | 7 Belgium | 0.78 | 2023 | +6.21% | +1.25% | View data |
| 8 | 8 India | 0.39 | 2023 | +4.79% | +147.21% | View data |
| 9 | 9 Switzerland | 0.38 | 2023 | -36.01% | -27.76% | View data |
| 10 | 10 Czech Republic | 0.37 | 2023 | +2.62% | +11.83% | View data |
