U.S.: Market for Locomotives, Train And Train Cars 2024

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

The U.S. market for locomotives, train and train cars reduced to $X in 2022, shrinking by -7.9% against the previous year. In general, consumption showed a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

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

In value terms, locomotive, train and train car production totaled $X in 2022. In general, production, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. Locomotive, train and train car production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Locomotives, Train And Train Cars

Exports from the U.S.

In 2022, overseas shipments of locomotives, train and train cars were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports posted a buoyant expansion. The growth pace was the most rapid in 2019 when exports increased by 63% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, locomotive, train and train car exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for locomotive, train and train car exports from the United States, accounting for a 75% share of total exports. Moreover, locomotive, train and train car exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), fivefold.

From 2013 to 2022, the average annual growth rate of volume to Mexico totaled +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+17.3% per year) and Australia (+51.1% per year).

In value terms, the largest markets for locomotive, train and train car exported from the United States were Mexico ($X), Canada ($X) and Australia ($X), together comprising 82% of total exports.

Mexico, with a CAGR of +4.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for locomotives, train and train cars stood at $X per ton in 2022, which is down by -17.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 an increase of 20% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-7.4%), while the prices for the other major destinations experienced a decline.

Imports of Locomotives, Train And Train Cars

Imports into the U.S.

In 2022, approx. X tons of locomotives, train and train cars were imported into the United States; rising by 20% on the year before. Overall, total imports indicated a remarkable increase from 2013 to 2022: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.1% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 41% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, locomotive, train and train car imports soared to $X in 2022. In general, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Canada (X tons) constituted the largest locomotive, train and train car supplier to the United States, accounting for a 54% share of total imports. Moreover, locomotive, train and train car imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. The third position in this ranking was held by China (X tons), with a 13% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Canada totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+7.3% per year) and China (+0.8% per year).

In value terms, the largest locomotive, train and train car suppliers to the United States were Canada ($X), Mexico ($X) and China ($X), together accounting for 64% of total imports. Japan, India, Brazil and Russia lagged somewhat behind, together comprising a further 8.2%.

In terms of the main suppliers, Brazil, with a CAGR of +10.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for locomotives, train and train cars amounted to $X per ton, rising by 7.9% against the previous year. Overall, the import price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of 28%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :