U.S.: Electric Locomotive Market Overview 2020

Electric Locomotive Market Size in the U.S.

The revenue of the electric locomotive market in the U.S. amounted to $X in 2018, rising by X% against the previous year. Overall, electric locomotive consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the market value increased by X% against the previous year. Over the period under review, the electric locomotive market reached its maximum level in 2018 and is expected to retain its growth in the near future.

Electric Locomotive Production in the U.S.

In value terms, electric locomotive production amounted to $X in 2018. Overall, electric locomotive production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when production volume increased by X% year-to-year. Over the period under review, electric locomotive production reached its peak figure level at $X in 2009; however, from 2010 to 2018, production remained at a lower figure.

Electric Locomotive Exports

Exports from the U.S.

Electric locomotive exports from the U.S. amounted to X units in 2018, remaining stable against the previous year. Overall, electric locomotive exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. In that year, electric locomotive exports reached their peak of X units. From 2009 to 2018, the growth of electric locomotive exports failed to regain its momentum.

In value terms, electric locomotive exports amounted to $X in 2018. Overall, electric locomotive exports continue to indicate a temperate decrease. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, electric locomotive exports attained their peak figure at $X in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

Exports by Country

The UK (X units) was the main destination for electric locomotive exports from the U.S., with a X% share of total exports. Moreover, electric locomotive exports to the UK exceeded the volume sent to the second major destination, Bahamas (X units), ninefold.

From 2007 to 2018, the average annual rate of growth in terms of volume to the UK amounted to +X%.

In value terms, Bahamas ($X) remains the key foreign market for electric locomotive exports from the U.S., comprising X% of total electric locomotive exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to Bahamas stood at +X%.

Export Prices by Country

In 2018, the average electric locomotive export price amounted to $X per unit, dropping by -X% against the previous year. Over the period under review, the electric locomotive export price continues to indicate a moderate contraction. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Over the period under review, the average export prices for electric locomotives attained their peak figure at $X per unit in 2009; however, from 2010 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Bahamas ($X per unit), while the average price for exports to the UK amounted to $X per unit.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+X% per year).

Electric Locomotive Imports

Imports into the U.S.

In 2018, the amount of electric locomotives imported into the U.S. amounted to X units, waning by -X% against the previous year. In general, electric locomotive imports continue to indicate an abrupt deduction. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. In that year, electric locomotive imports attained their peak of X units. From 2015 to 2018, the growth of electric locomotive imports remained at a somewhat lower figure.

In value terms, electric locomotive imports totaled $X in 2018. Over the period under review, electric locomotive imports continue to indicate a deep descent. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, electric locomotive imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the UK (X units) constituted the largest electric locomotive supplier to the U.S., with a X% share of total imports. Moreover, electric locomotive imports from the UK exceeded the figures recorded by the second-largest supplier, India (X units), sixfold.

From 2007 to 2018, the average annual growth rate of volume from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Australia (+X% per year).

In value terms, the largest electric locomotive suppliers to the U.S. were the UK ($X), Australia ($X) and India ($X), with a combined X% share of total imports.

In terms of the main suppliers, the UK experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2018, the average electric locomotive import price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the electric locomotive import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average import prices for electric locomotives attained their peak figure at $X per unit in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform