Self-Propelled Railway Coach Market

The global market for self-propelled railway or tramway coaches is anticipated to show steady growth over the next eight years, with projected increases in volume and value. The United States leads both in consumption and production of these coaches, followed by China and India. Import and export trends, as well as price fluctuations, are also noted in this comprehensive analysis.

Market Forecast

Driven by increasing demand for railway or tramway coaches (self-propelled) worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market volume to 136K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.2% for the period from 2022 to 2030, which is projected to bring the market value to $215.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Railway Or Tramway Coaches (Self-Propelled)

In 2022, after three years of growth, there was significant decline in consumption of railway or tramway coaches (self-propelled), when its volume decreased by -40.4% to 95K units. Over the period under review, consumption, however, recorded a prominent increase. As a result, consumption reached the peak volume of 159K units, and then shrank markedly in the following year.

The global self-propelled railway coach market revenue declined remarkably to $133.5B in 2022, which is down by -40.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a resilient expansion. As a result, consumption attained the peak level of $222.9B, and then shrank dramatically in the following year.

Consumption By Country

The country with the largest volume of self-propelled railway coach consumption was the United States (65K units), accounting for 68% of total volume. Moreover, self-propelled railway coach consumption in the United States exceeded the figures recorded by the second-largest consumer, China (6.5K units), tenfold. India (2.5K units) ranked third in terms of total consumption with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume in the United States totaled +24.0%. In the other countries, the average annual rates were as follows: China (+9.4% per year) and India (+9.9% per year).

In value terms, the United States ($97B) led the market, alone. The second position in the ranking was taken by China ($9.4B). It was followed by Germany.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +23.0%. The remaining consuming countries recorded the following average annual rates of market growth: China (+7.1% per year) and Germany (+7.9% per year).

In 2022, the highest levels of self-propelled railway coach per capita consumption was registered in the United States (193 units per million persons), followed by Germany (19 units per million persons), China (4.6 units per million persons) and India (1.8 units per million persons), while the world average per capita consumption of self-propelled railway coach was estimated at 12 units per million persons.

From 2012 to 2022, the average annual rate of growth in terms of the self-propelled railway coach per capita consumption in the United States stood at +23.2%. In the other countries, the average annual rates were as follows: Germany (+7.8% per year) and China (+8.8% per year).

Production

World Production of Railway Or Tramway Coaches (Self-Propelled)

In 2022, after four years of growth, there was significant decline in production of railway or tramway coaches (self-propelled), when its volume decreased by -37.4% to 95K units. Over the period under review, production, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 314%. As a result, production attained the peak volume of 152K units, and then declined rapidly in the following year.

In value terms, self-propelled railway coach production declined modestly to $48.7B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 24% against the previous year. Over the period under review, global production hit record highs at $52.8B in 2014; however, from 2015 to 2022, production remained at a lower figure.

Production By Country

The country with the largest volume of self-propelled railway coach production was the United States (65K units), comprising approx. 68% of total volume. Moreover, self-propelled railway coach production in the United States exceeded the figures recorded by the second-largest producer, China (7.5K units), ninefold. India (2.6K units) ranked third in terms of total production with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in the United States totaled +24.0%. The remaining producing countries recorded the following average annual rates of production growth: China (+9.5% per year) and India (+10.2% per year).

Imports

World Imports of Railway Or Tramway Coaches (Self-Propelled)

In 2022, purchases abroad of railway or tramway coaches (self-propelled) decreased by -66.2% to 3.3K units, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a slight reduction. The pace of growth was the most pronounced in 2020 with an increase of 225% against the previous year. As a result, imports attained the peak of 10K units. From 2021 to 2022, the growth of global imports failed to regain momentum.

In value terms, self-propelled railway coach imports stood at $5.4B in 2022. Overall, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 15%. Global imports peaked at $6.9B in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

The purchases of the twelve major importers of railway or tramway coaches (self-propelled), namely Taiwan (Chinese), Greece, Nigeria, Australia, Singapore, Lao People's Democratic Republic, the United States, Germany, Belgium, Poland, Norway and Iran, represented more than half of total import. Tunisia (84 units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nigeria (with a CAGR of +66.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($512M), Taiwan (Chinese) ($401M) and Australia ($335M) were the countries with the highest levels of imports in 2022, with a combined 23% share of global imports. Singapore, Iran, Norway, Poland, Tunisia, the United States, Belgium, Nigeria, Lao People's Democratic Republic and Greece lagged somewhat behind, together accounting for a further 18%.

Among the main importing countries, Lao People's Democratic Republic, with a CAGR of +89.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

In 2022, railway or tramway coaches, vans and trucks; self-propelled, powered other than from an external source of electricity (excluding those of heading no. 8604) (4.6K units) represented the largest type of railway or tramway coaches (self-propelled), mixing up 65% of total imports. It was distantly followed by railway or tramway coaches, vans and trucks; self-propelled, powered from an external source of electricity (excluding those of heading no. 8604) (2.4K units), achieving a 35% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading imported products, was attained by railway or tramway coaches, vans and trucks; self-propelled, powered from an external source of electricity (excluding those of heading no. 8604) (with a CAGR of -5.1%).

In value terms, railway or tramway coaches, vans and trucks; self-propelled, powered from an external source of electricity (excluding those of heading no. 8604) ($4.7B) constitutes the largest type of railway or tramway coaches (self-propelled) imported worldwide, comprising 88% of global imports. The second position in the ranking was taken by railway or tramway coaches, vans and trucks; self-propelled, powered other than from an external source of electricity (excluding those of heading no. 8604) ($645M), with a 12% share of global imports.

From 2012 to 2022, the average annual rate of growth in terms of the value of railway or tramway coaches, vans and trucks; self-propelled, powered from an external source of electricity (excluding those of heading no. 8604) imports stood at -1.7%.

Import Prices By Type

The average self-propelled railway coach import price stood at $1,642,058 per unit in 2022, surging by 202% against the previous year. In general, the import price, however, saw a slight decrease. Over the period under review, average import prices reached the maximum at $1,872,449 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the product type; the product with the highest price was railway or tramway coaches, vans and trucks; self-propelled, powered from an external source of electricity (excluding those of heading no. 8604) ($1,921,753 per unit), while the price for railway or tramway coaches, vans and trucks; self-propelled, powered other than from an external source of electricity (excluding those of heading no. 8604) stood at $139,916 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by railway or tramway coaches, vans and trucks; self-propelled, powered other than from an external source of electricity (excluding those of heading no. 8604) (+102.7%).

Import Prices By Country

In 2022, the average self-propelled railway coach import price amounted to $1,642,058 per unit, surging by 202% against the previous year. Over the period under review, the import price, however, recorded a mild shrinkage. Global import price peaked at $1,872,449 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($3,999,194 per unit), while Greece ($4,167 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+23.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Railway Or Tramway Coaches (Self-Propelled)

In 2022, global exports of railway or tramway coaches (self-propelled) soared to 3.9K units, growing by 33% compared with 2021. The total export volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled railway coach exports skyrocketed to $5.9B in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports By Country

In 2022, China (957 units), distantly followed by South Korea (590 units), France (263 units), Spain (245 units), Belgium (218 units), Poland (208 units), the Czech Republic (200 units) and Switzerland (191 units) represented the largest exporters of railway or tramway coaches (self-propelled), together creating 74% of total exports. Japan (162 units), Belarus (160 units), Germany (119 units), Austria (109 units) and India (80 units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +71.3%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest self-propelled railway coach supplying countries worldwide were China ($1.1B), South Korea ($772M) and Spain ($726M), with a combined 44% share of global exports. Poland, Austria, Switzerland, Japan, Belarus, India, Germany, Belgium, the Czech Republic and France lagged somewhat behind, together comprising a further 44%.

India, with a CAGR of +171.8%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

Railway or tramway coaches, vans and trucks; self-propelled, powered from an external source of electricity (excluding those of heading no. 8604) represented the major exported product with an export of around 2.9K units, which resulted at 74% of total exports. It was distantly followed by railway or tramway coaches, vans and trucks; self-propelled, powered other than from an external source of electricity (excluding those of heading no. 8604) (1K units), creating a 26% share of total exports.

Railway or tramway coaches, vans and trucks; self-propelled, powered from an external source of electricity (excluding those of heading no. 8604) experienced a relatively flat trend pattern with regard to volume of exports. At the same time, railway or tramway coaches, vans and trucks; self-propelled, powered other than from an external source of electricity (excluding those of heading no. 8604) (+5.0%) displayed positive paces of growth. Moreover, railway or tramway coaches, vans and trucks; self-propelled, powered other than from an external source of electricity (excluding those of heading no. 8604) emerged as the fastest-growing type exported in the world, with a CAGR of +5.0% from 2012-2022. Railway or tramway coaches, vans and trucks; self-propelled, powered other than from an external source of electricity (excluding those of heading no. 8604) (+6.8 p.p.) significantly strengthened its position in terms of the global exports, while railway or tramway coaches, vans and trucks; self-propelled, powered from an external source of electricity (excluding those of heading no. 8604) saw its share reduced by -6.8% from 2012 to 2022, respectively.

In value terms, railway or tramway coaches, vans and trucks; self-propelled, powered from an external source of electricity (excluding those of heading no. 8604) ($5.1B) remains the largest type of railway or tramway coaches (self-propelled) supplied worldwide, comprising 88% of global exports. The second position in the ranking was taken by railway or tramway coaches, vans and trucks; self-propelled, powered other than from an external source of electricity (excluding those of heading no. 8604) ($681M), with a 12% share of global exports.

For railway or tramway coaches, vans and trucks; self-propelled, powered from an external source of electricity (excluding those of heading no. 8604), exports remained relatively stable over the period from 2012-2022.

Export Prices By Type

In 2022, the average self-propelled railway coach export price amounted to $1,512,346 per unit, dropping by -10.5% against the previous year. Overall, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23%. Over the period under review, the average export prices reached the maximum at $1,906,480 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exported products. In 2022, the product with the highest price was railway or tramway coaches, vans and trucks; self-propelled, powered from an external source of electricity (excluding those of heading no. 8604) ($1,757,259 per unit), while the average price for exports of railway or tramway coaches, vans and trucks; self-propelled, powered other than from an external source of electricity (excluding those of heading no. 8604) totaled $676,466 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by railway or tramway coaches, vans and trucks; self-propelled, powered from an external source of electricity (excluding those of heading no. 8604) (-0.7%).

Export Prices By Country

In 2022, the average self-propelled railway coach export price amounted to $1,512,346 per unit, waning by -10.5% against the previous year. Over the period under review, the export price saw a perceptible curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 23%. Over the period under review, the average export prices reached the maximum at $1,906,480 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($5,307,802 per unit), while France ($233 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+75.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform