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U.S. - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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U.S.: Electric Locomotive Market Overview 2021

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Electric Locomotive Market Size in the U.S.

In 2020, the U.S. electric locomotive market increased by X% to $X, rising for the fourth consecutive year after four years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Electric locomotive consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Electric Locomotive Production in the U.S.

In value terms, electric locomotive production amounted to $X in 2020. Overall, production saw a modest increase. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

Electric Locomotive Exports

Exports from the U.S.

In 2020, exports of electric locomotives from the U.S. dropped significantly to X units, with a decrease of -X% against the previous year's figure. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, exports reached the peak of X units. From 2014 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, electric locomotive exports surged to $X in 2020. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

Exports by Country

Canada (X units) and Estonia (X units) were the main destinations of electric locomotive exports from the U.S.. Moreover, electric locomotive exports in Canada exceeded the figures recorded by the second-largest exporter, Estonia, twofold.

From 2007 to 2020, the biggest increases were in Canada.

From 2007 to 2020, the average annual rate of growth in terms of value to Canada totaled +X%.

Export Prices by Country

In 2020, the average electric locomotive export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price showed a significant increase. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while the average price for exports to Estonia totaled $X per unit.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada.

Electric Locomotive Imports

Imports into the U.S.

After four years of growth, supplies from abroad of electric locomotives decreased by -X% to X units in 2020. Over the period under review, imports faced a deep downturn. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, electric locomotive imports reduced markedly to $X in 2020. Overall, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Italy (X units) constituted the largest supplier of electric locomotive to the U.S., accounting for a X% share of total imports. Moreover, electric locomotive imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold.

From 2007 to 2020, the average annual growth rate of volume from Italy amounted to +X%.

In value terms, Italy ($X) constituted the largest supplier of electric locomotive to the U.S., comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Italy stood at +X%.

Import Prices by Country

In 2020, the average electric locomotive import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price saw measured growth. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per unit), while the price for the Netherlands totaled $X per unit.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric locomotives in the world?
+
The countries with the highest volumes of electric locomotive consumption in 2020 were Nigeria (98K units), Singapore (74K units) and Saudi Arabia (37K units), with a combined 78% share of global consumption.
What are the largest producers of electric locomotives in the world?
+
The countries with the highest volumes of electric locomotive production in 2020 were Germany (14K units), Japan (9.9K units) and France (6K units), with a combined 65% share of global production. India, China, Sweden, Nigeria and South Korea lagged somewhat behind, together comprising a further 30%.
What are the leading suppliers of electric locomotives to the U.S.?
+
In value terms, Italy ($691K) constituted the largest supplier of electric locomotive to the U.S., comprising 83% of total imports. The second position in the ranking was occupied by the Netherlands ($137K), with a 17% share of total imports.
What is the average export price for electric locomotives in the U.S.?
+
The average electric locomotive export price stood at $1,160,595 per unit in 2020, jumping by 739% against the previous year.
What is the average import price for electric locomotives in the U.S.?
+
The average electric locomotive import price stood at $165,591 per unit in 2020, growing by 23% against the previous year.

Product coverage:
• Prodcom 30201100 - Rail locomotives powered from an external source of electricity
• Prodcom 30201300 - Other rail locomotives, locomotive tenders

This report provides an in-depth analysis of the electric locomotive 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 2025.


Country coverage:
• USA

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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