Report Update: May 1, 2024

U.S. - Railway Or Tramway Maintenance Or Service Vehicles - Market Analysis, Forecast, Size, Trends And Insights

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Railway Maintenance Vehicle Price in the United States - 2023

Railway Maintenance Vehicle Price in the United States (FOB) - 2022

In 2022, the average railway maintenance vehicle export price amounted to $2,226 per unit, dropping by -85.6% against the previous year. Overall, the export price faced a sharp contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 61%. As a result, the export price reached the peak level of $15,477 per unit, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($3,285 per unit), while the average price for exports to Malaysia ($2.9 per unit) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+60.6%), while the prices for the other major destinations experienced mixed trend patterns.

Railway Maintenance Vehicle Price in the United States (CIF) - 2022

In 2022, the average railway maintenance vehicle import price amounted to $70,895 per unit, rising by 123% against the previous year. Over the period under review, the import price showed a significant increase. The growth pace was the most rapid in 2021 an increase of 637% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($104,434 per unit), while the price for Mexico ($4,878 per unit) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+160.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Railway Maintenance Vehicle Exports in the United States

In 2022, overseas shipments of railway or tramway maintenance or service vehicles were finally on the rise to reach 80K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, railway maintenance vehicle exports fell slightly to $178M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $184M, and then shrank slightly in the following year.

Export of Railway Maintenance Vehicle in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	82.4	84.2	73.5	83.3	0.4%
India	2.0	6.1	66.2	38.2	167.3%
United Arab Emirates	N/A	N/A	0.1	4.6	4500.0%
China	1.6	N/A	1.5	N/A	-3.2%
Malaysia	N/A	N/A	3.3	N/A	0%
Others	10.8	39.2	39.6	51.9	68.8%
Total	96.9	130	184	178	22.5%

Top Export Markets for Railway Maintenance Vehicle from the United States in 2022:

China (undefinedK units)
Canada (62.4K units)
India (11.6K units)
Malaysia (1.5K units)
United Arab Emirates (1.4K units)

Railway Maintenance Vehicle Imports in the United States

For the third year in a row, the United States recorded decline in purchases abroad of railway or tramway maintenance or service vehicles, which decreased by -57.1% to 286 units in 2022. Over the period under review, imports continue to indicate a sharp shrinkage. The smallest decline of -20.7% was in 2020. Imports peaked at 1.5K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, railway maintenance vehicle imports declined slightly to $20M in 2022. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 310%. As a result, imports reached the peak of $21M, and then fell modestly in the following year.

Import of Railway Maintenance Vehicle in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	6.2	3.9	18.1	19.2	45.8%
Italy	0.2	0.4	2.9	0.6	44.2%
India	0.2	N/A	N/A	0.1	-20.6%
Germany	0.4	0.1	N/A	0.1	-37.0%
Hungary	N/A	0.1	N/A	N/A	0%
Switzerland	1.6	N/A	N/A	N/A	0%
France	0.1	0.3	N/A	N/A	200.0%
Mexico	N/A	0.4	N/A	N/A	0%
Others	4.9	0.1	0.2	0.2	-65.6%
Total	13.6	5.2	21.2	20.3	14.3%

Top Suppliers of Railway Maintenance Vehicle to the United States in 2022:

Canada (184.0 units)
Italy (70.0 units)
India (10.0 units)
France (6.0 units)
Germany (3.0 units)
Switzerland (2.0 units)
Mexico (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the railway maintenance vehicle market 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 2030.

Product coverage:

Prodcom 30203100 - Railway or tramway maintenance or service vehicles (including workshops, cranes, ballast tampers, track-liners, t esting coaches and track inspection vehicles)

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023