The United States, China, and Germany were the top exporters of coupling devices for railway rolling stock in 2023, with China showing the highest year-on-year growth among them. Notably, Switzerland and India experienced significant increases. However, countries like Ukraine and South Africa suffered notable declines. Over the past five years, the CAGR showed mixed results, with certain European and Asian markets displaying increased exports, while others like Australia and Singapore faced substantial downtrends.
Future trends to watch include increasing investments in railway infrastructure across Asia and technological advancements in coupling devices, potentially boosting exports. Closer trade ties may enhance market positions for emerging exporters.
Top countries in Export of Coupling Devices and Parts Thereof for Railway Rolling Stock Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 20.83 | 2023 | +2.69% | +2.49% | View data |
| 2 | 2 China | 19.45 | 2023 | +3.81% | +2.79% | View data |
| 3 | 3 Germany | 15.1 | 2023 | -0.25% | +0.082% | View data |
| 4 | 4 Poland | 11.76 | 2023 | +3.4% | +3.23% | View data |
| 5 | 5 Sweden | 8.58 | 2023 | +2.39% | +2.18% | View data |
| 6 | 6 United Kingdom | 6.07 | 2023 | +3.94% | +2.77% | View data |
| 7 | 7 Czech Republic | 3.98 | 2023 | +3.67% | +7.41% | View data |
| 8 | 8 Russia | 3.14 | 2023 | +1.51% | -1.44% | View data |
| 9 | 9 Mexico | 2.08 | 2023 | -3.07% | -2.94% | View data |
| 10 | 10 Japan | 1.58 | 2023 | -2.3% | -3.62% | View data |
