Germany remains the dominant player in global exports of air brakes and parts for railway rolling stock, contributing significantly more than any other country in 2023. Hungary, Italy, and the UK follow but with a smaller share. Year-over-year changes show varying trends: Poland, South Africa, and Norway are experiencing strong growth, while Russia and Belgium face declines. Markets such as Finland and Portugal display remarkable percentage growth, however, from a smaller base.
Looking ahead, future trends to watch include the potential market rebalance as current leaders face competition from emerging markets. Asia and Eastern Europe might play more significant roles, driven by infrastructure investments and localized production improvements. The industry's technological advancements could also influence market dynamics, enhancing efficiency and product offerings.
Top countries in Export of Air Brakes and Parts Thereof for Railway Rolling Stock Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 38.35 | 2023 | +2.27% | +2.04% | View data |
| 2 | 2 Hungary | 12.13 | 2023 | +0.99% | +1.09% | View data |
| 3 | 3 Italy | 6.92 | 2023 | +2.81% | +2.24% | View data |
| 4 | 4 United Kingdom | 6.63 | 2023 | +3.91% | +4.1% | View data |
| 5 | 5 Austria | 5.86 | 2023 | -4.06% | -5.11% | View data |
| 6 | 6 United States | 5.7 | 2023 | -0.74% | -0.42% | View data |
| 7 | 7 Spain | 4.67 | 2023 | +3.55% | +3.12% | View data |
| 8 | 8 China | 3.83 | 2023 | +3.46% | +1.96% | View data |
| 9 | 9 Czech Republic | 2.12 | 2023 | +2.15% | +2.31% | View data |
| 10 | 10 Bulgaria | 1.91 | 2023 | +4.6% | +4.4% | View data |
