The forecast indicates steady growth in China's exports of railway or tramway locomotives, rolling-stock, and associated parts and equipment through 2028, starting from $16.82 billion in 2024 to $19.16 billion in 2028. In 2023, exports were valued at approximately $16.23 billion. The year-on-year growth is approximately 3.5% for 2025, decreasing slightly year-by-year to an average annual growth rate (CAGR) of approximately 3% over the forecasted period. This suggests a stable, albeit moderate, upward trend in exports.

Future trends to watch for include:

Technological advancements in electro-mechanical traffic signaling equipment.
Global demand variations due to policy shifts favoring sustainable transport infrastructure.
Competitive positioning against other major exporters like Germany and Japan.