Electric Locomotive Market in the European Union
Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The EU electric locomotive market declined sharply to $
in , with a decrease of -% 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). Overall, consumption, however, showed a noticeable decrease. The level of consumption peaked at $ in 2008; however, from 2009 to , consumption remained at a lower figure.
In value terms, electric locomotive production expanded remarkably to $ in estimated in export price. In general, production showed a slight slump. The pace of growth appeared the most rapid in 2008 when the production volume increased by %. The level of production peaked at $ in 2009; however, from 2010 to , production stood at a somewhat lower figure.
The countries with the highest volumes of production in were Germany ( units), France ( units) and Slovakia ( units), together comprising % of total production. Spain, Austria, Denmark and Sweden lagged somewhat behind, together comprising a further %.
From 2007 to, the biggest increases were recorded for Sweden (with a CAGR of +%), while production for the other leaders experienced more modest paces of growth.
in , with a decrease of -% 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). Overall, consumption, however, showed a noticeable decrease. The level of consumption peaked at $ in 2008; however, from 2009 to , consumption remained at a lower figure.In value terms, electric locomotive production expanded remarkably to $
in estimated in export price. In general, production showed a slight slump. The pace of growth appeared the most rapid in 2008 when the production volume increased by %. The level of production peaked at $ in 2009; however, from 2010 to , production stood at a somewhat lower figure.The countries with the highest volumes of production in
were Germany ( units), France ( units) and Slovakia ( units), together comprising % of total production. Spain, Austria, Denmark and Sweden lagged somewhat behind, together comprising a further %.From 2007 to
, the biggest increases were recorded for Sweden (with a CAGR of +%), while production for the other leaders experienced more modest paces of growth.Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , approx. units of electric locomotives were consumed in the European Union; flattening at . Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, consumption hit record highs at units in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.
The value of the electric locomotive market in the European Union totaled $ in , remaining relatively unchanged 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). Overall, consumption, however, showed a pronounced descent. The level of consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
, approx. units of electric locomotives were consumed in the European Union; flattening at . Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, consumption hit record highs at units in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.The value of the electric locomotive market in the European Union totaled $
in , remaining relatively unchanged 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). Overall, consumption, however, showed a pronounced descent. The level of consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.Consumption by Country
Please note: Annual data for 2022 are preliminary and subject to revision
The countries with the highest volumes of consumption in were France ( units), Germany ( units) and Italy ( units), with a combined % share of total consumption. Slovakia, Denmark, Austria and Ireland lagged somewhat behind, together accounting for a further %.
From 2007 to, the biggest increases were recorded for Denmark (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.
In value terms, France ($) led the market, alone. The second position in the ranking was held by Denmark ($). It was followed by Austria.
From 2007 to, the average annual growth rate of value in France stood at +%. In the other countries, the average annual rates were as follows: Denmark (+% per year) and Austria (+% per year).
From 2007 to, the average annual rate of growth in terms of the electric locomotive per capita consumption in No country was relatively modest.
were France ( units), Germany ( units) and Italy ( units), with a combined % share of total consumption. Slovakia, Denmark, Austria and Ireland lagged somewhat behind, together accounting for a further %.From 2007 to
, the biggest increases were recorded for Denmark (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.In value terms, France ($
) led the market, alone. The second position in the ranking was held by Denmark ($). It was followed by Austria.From 2007 to
, the average annual growth rate of value in France stood at +%. In the other countries, the average annual rates were as follows: Denmark (+% per year) and Austria (+% per year).From 2007 to
, the average annual rate of growth in terms of the electric locomotive per capita consumption in No country was relatively modest.Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by rising demand for electric locomotive in the European Union, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
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