Train, Subway & Transit Car Manufacturing in the US
As the economy began to recover, so did the Train, Subway and Transit Car Manufacturing industry. Four of the industry's five key drivers, including total trade value, the industrial production index, federal funding for transportation and the trade weighted index, all grew over the past five years, supporting industry revenue growth. Additionally, emerging economies overseas increasingly invested in railway infrastructure development, boosting demand for industry exports. In the five years to 2022, the industry is expected to continue growing as a result of rising trade value. Furthermore, emerging economies will continue to present potential markets for the industry.
Companies within this industry manufacture or rebuild locomotives and parts, railroad cars and streetcars, along with railway track maintenance equipment. Specific products include industrial, mining and railroad locomotives; railroad, light-rail, subway and transit cars; railroad rolling stock; and railroad equipment. This industry does not manufacture locomotive engines; see IBISWorld report 33361a Engine and Turbine Manufacturing in the United States.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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