U.S.: Overview of the Market for Locomotives, Train And Train Cars 2020

Market Size for Locomotives, Train And Train Cars in the U.S.

In 2019, the U.S. market for locomotives, train and train cars was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, showed a pronounced slump. Locomotive, train and train car consumption peaked at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Production of Locomotives, Train And Train Cars in the U.S.

In value terms, locomotive, train and train car production dropped to $X in 2019. Over the period under review, production recorded a deep slump. The pace of growth was the most pronounced in 2014 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

Exports of Locomotives, Train And Train Cars

Exports from the U.S.

In 2019, exports of locomotives, train and train cars from the U.S. declined remarkably to X units, falling by -X% against the previous year's figure. In general, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X units in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, locomotive, train and train car exports dropped rapidly to $X in 2019. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

Mexico (X units) was the main destination for locomotive, train and train car exports from the U.S., accounting for a approx. X% share of total exports.

From 2013 to 2019, the average annual rate of growth in terms of volume to Mexico stood at -X%.

In value terms, Mexico ($X) also remains the key foreign market for locomotive, train and train car exports from the U.S..

From 2013 to 2019, the average annual rate of growth in terms of value to Mexico stood at -X%.

Export Prices by Country

In 2019, the average export price for locomotives, train and train cars amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price recorded a resilient increase. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2013 to 2019, the rate of growth in terms of prices for Mexico amounted to -X% per year.

Imports of Locomotives, Train And Train Cars

Imports into the U.S.

In 2019, purchases abroad of locomotives, train and train cars increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports posted a pronounced expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2019, the growth imports failed to regain the momentum.

In value terms, locomotive, train and train car imports fell to $X in 2019. The total import value increased at an average annual rate of +X% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Canada (X units), China (X units) and Mexico (X units) were the main suppliers of locomotive, train and train car imports to the U.S., together accounting for X% of total imports. Japan, Brazil, Russia, India, South Korea and Ukraine lagged somewhat behind, together accounting for a further X 2013 to 2019, the biggest increases were in Ukraine (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest locomotive, train and train car suppliers to the U.S. were Canada ($X), Mexico ($X) and China ($X), together accounting for X% of total imports. Japan, Brazil, India, South Korea, Russia and Ukraine lagged somewhat behind, together accounting for a further X saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average import price for locomotives, train and train cars amounted to $X per unit, falling by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Mexico ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of locomotives, train and train cars to the U.S.?

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In value terms, the largest locomotive, train and train car suppliers to the U.S. were Canada ($472M), Mexico ($308M) and China ($229M), together accounting for 70% of total imports. These countries were followed by Japan, Brazil, India, South Korea, Russia and Ukraine, which together accounted for a further 12%.

What are the leading importers of locomotives, train and train cars from the U.S.?

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In value terms, Mexico ($349M) remains the key foreign market for locomotive, train and train car exports from the U.S..

What is the average export price for locomotives, train and train cars in the U.S.?

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In 2019, the average export price for locomotives, train and train cars amounted to $49 per unit, rising by 298% against the previous year.

What is the average import price for locomotives, train and train cars in the U.S.?

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In 2019, the average import price for locomotives, train and train cars amounted to $4.2 per unit, waning by -14% against the previous year.