Germany remains the dominant player in the global export of electrically powered rail locomotives with 48.85% market share in 2023 despite a slight decline of 0.16%. Spain shows significant growth with a 3.19% increase, contributing to 25.14% of the market. China, Austria, and Romania hold moderate positions, showing mixed year-on-year trends with Austria experiencing a 3.47% increase. Notably, India and Canada reflect substantial growth, with 147.11% and 205.08% increases respectively. Conversely, significant declines are seen in Switzerland (-27.24%) and Thailand (-37.67%).
Future trends to watch include the potential for emerging markets like India and Canada to further increase their market share. The stability of the European leaders, such as Germany and Spain, will also be pivotal. Additionally, technological advancements and environmental policies will likely influence future export dynamics.
Top countries in Export of Electrically Powered Rail Locomotives Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 48.85 | 2023 | +1.04% | -0.16% | View data |
| 2 | 2 Spain | 25.14 | 2023 | +6% | +3.19% | View data |
| 3 | 3 China | 6.95 | 2023 | -11.08% | -0.55% | View data |
| 4 | 4 Austria | 4.84 | 2023 | +1.81% | +3.47% | View data |
| 5 | 5 Romania | 2.87 | 2023 | +5.51% | +0.8% | View data |
| 6 | 6 South Korea | 1.85 | 2023 | -5.77% | +5.35% | View data |
| 7 | 7 Sweden | 1.54 | 2023 | +2.7% | +0.93% | View data |
| 8 | 8 Netherlands | 0.64 | 2023 | +2.17% | -3.2% | View data |
| 9 | 9 Belgium | 0.56 | 2023 | -0.84% | -4.18% | View data |
| 10 | 10 Russia | 0.45 | 2023 | -9.02% | -14.96% | View data |
