U.S. Locomotives, Train And Train Cars Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Locomotive Market - Significant Trade Surplus Remains despite U.S. Exports of Locomotives and Trains Remain Stable in Recent Years
Photo: © BCFC / Bigstockphoto
The U.S. takes fourth place in global exports on the locomotive market with an X% share (based on USD), following Germany (X%), Mexico (X%) and China (X%). In 2015, the U.S. exported X million USD, +X% over the previous year.
From 2007 to 2015, U.S. exports of locomotives, train and train cars showed mixed dynamics. A significant drop in 2009 was followed by rapid growth over the next three years. In 2011, U.S. locomotive and train exporters overcame the pre-recession level achieved in 2008. From 2013 to 2015, growth evaporated and exports stood stable at the level of 2012 with minor fluctuations. Overall, there was an annual increase of +X% throughout the analysed period.
As U.S. companies improved their positions on overseas markets, domestic manufacturers enjoyed a new growth driver. However, this driver appeared to soften in the recent years as exports kept stable in 2013-2015.
In 2015, the main destinations of U.S. exports of locomotives, train and train cars were Mexico (X%) and Canada (X%). The share exported to Mexico increased (+X percentage points), while the share sent to Canada illustrated negative dynamics (-X percentage points) between 2007 and 2015.
From 2007 to 2015, the U.S. was a net exporter of locomotives, train and train cars. Moreover, exports grew faster than imports on average over the period under review.
Net US exports of locomotives, train and train cars showed a positive trend over the period under review. In 2015, this industry ran a significant trade surplus of X million USD, approximately X% of gross exports.
Do you want to know more about the U.S. locomotive market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- locomotive market share
- locomotive prices
- locomotive industry
- locomotive sales
- locomotive market forecast
- locomotive price forecast
- key locomotive producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the market for locomotive, train and train car in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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