Self-Propelled Railway Coach Market Overview in Austria
Market Overview
In 2019, after five years of growth, there was significant decline in the Austrian self-propelled railway coach market, when its value decreased by -
% to $. Overall, consumption continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. Self-propelled railway coach consumption peaked at $ in 2018, and then plummeted in the following year.
In value terms, self-propelled railway coach production rose notably to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a resilient expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by % y-o-y. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the immediate term.
% to $. Overall, consumption continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. Self-propelled railway coach consumption peaked at $ in 2018, and then plummeted in the following year.In value terms, self-propelled railway coach production rose notably to $
in 2019 estimated in export prices. Over the period under review, the total production indicated a resilient expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by % y-o-y. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the immediate term.Consumption
In 2019, after five years of growth, there was significant decline in consumption of railway or tramway coaches (self-propelled), when its volume decreased by -% to units. In general, consumption showed a perceptible shrinkage. The growth pace was the most rapid in 2017 with an increase of % against the previous year. Self-propelled railway coach consumption peaked at units in 2018, and then dropped dramatically in the following year.
The value of the self-propelled railway coach market in Austria shrank rapidly to $ in 2019, waning by -% 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). Over the period under review, consumption saw a pronounced curtailment. The pace of growth appeared the most rapid in 2016 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2018, and then fell rapidly in the following year.
% to units. In general, consumption showed a perceptible shrinkage. The growth pace was the most rapid in 2017 with an increase of % against the previous year. Self-propelled railway coach consumption peaked at units in 2018, and then dropped dramatically in the following year.The value of the self-propelled railway coach market in Austria shrank rapidly to $
in 2019, waning by -% 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). Over the period under review, consumption saw a pronounced curtailment. The pace of growth appeared the most rapid in 2016 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2018, and then fell rapidly in the following year.Market Forecast
Driven by rising demand for self-propelled railway coach in Austria, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .
% for the period from 2019 to , which is projected to bring the market volume to units by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in 2019. Austria domestic supply is expected to continue its growth.
% in 2007 to % in 2019. Austria domestic supply is expected to continue its growth.Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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