Northern America: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in Northern America

The North American railway passenger coach market rose modestly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Railway Passenger Coach Production in Northern America

In value terms, railway passenger coach production totaled $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Railway Passenger Coach Exports

Exports in Northern America

In 2022, overseas shipments of railway or tramway passenger coaches (not self-propelled) increased by X% to X units, rising for the third year in a row after two years of decline. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, railway passenger coach exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Canada (X units) was the main exporter of railway or tramway passenger coaches (not self-propelled), comprising X% of total exports. It was distantly followed by the United States (X units), generating an X% share of total exports.

Canada was also the fastest-growing in terms of the railway or tramway passenger coaches (not self-propelled) exports, with a CAGR of X% from 2012 to 2022. At the same time, the United States (X%) displayed positive paces of growth. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, Canada ($X) remains the largest railway passenger coach supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

In Canada, railway passenger coach exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, reducing by X% against the previous year. In general, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Railway Passenger Coach Imports

Imports in Northern America

In 2022, the amount of railway or tramway passenger coaches (not self-propelled) imported in Northern America soared to X units, growing by X% on the previous year's figure. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, railway passenger coach imports soared to $X in 2022. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X units), distantly followed by Canada (X units) represented the main importers of railway or tramway passenger coaches (not self-propelled), together achieving X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%).

In value terms, the United States ($X) constitutes the largest market for imported railway or tramway passenger coaches (not self-propelled) in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, railway passenger coach imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X,942 per unit, picking up by X% against the previous year. In general, the import price saw a buoyant increase. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in years to come.

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 the United States ($X,767 per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform