In 2023, Germany led the global export market for air brakes and parts for railway rolling stock with significant value, followed by Hungary, Italy, and the United Kingdom. Notable growth was seen in Poland (12.04%), South Africa (13.53%), and Norway (16.33%). Meanwhile, countries like Russia and Belgium saw declines, with Russia experiencing a substantial decrease of 11.8%. Smaller markets, including Ireland and Finland, recorded impressive increases. Conversely, exports from Chile drastically fell. Over the last five years, consistent growth was noted in developing markets, while traditional European exporters remained strong.
Future trends to watch:
- Increasing export activities from emerging markets, with countries like India potentially becoming key players.
- The growing involvement in eco-friendly and advanced technology for railway systems could reshape export dynamics.
- Potential disruptions from geopolitical tensions affecting traditionally dominant exporters.
- Opportunities for diversification into newer markets as global infrastructure investments rise.
Top countries in Export of Air Brakes and Parts Thereof for Railway Rolling Stock by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 651,970,000 | 2023 | +2.27% | +2.04% | View data |
| 2 | 2 Hungary | 206,210,000 | 2023 | +0.99% | +1.09% | View data |
| 3 | 3 Italy | 117,670,000 | 2023 | +2.81% | +2.24% | View data |
| 4 | 4 United Kingdom | 112,700,000 | 2023 | +3.91% | +4.1% | View data |
| 5 | 5 Austria | 99,627,000 | 2023 | -4.06% | -5.11% | View data |
| 6 | 6 United States | 96,930,000 | 2023 | -0.74% | -0.42% | View data |
| 7 | 7 Spain | 79,408,000 | 2023 | +3.55% | +3.12% | View data |
| 8 | 8 China | 65,108,000 | 2023 | +3.46% | +1.96% | View data |
| 9 | 9 Czech Republic | 35,960,000 | 2023 | +2.15% | +2.31% | View data |
| 10 | 10 Bulgaria | 32,506,000 | 2023 | +4.6% | +4.4% | View data |
