Train, Subway & Transit Car Manufacturing in the US
The Train, Subway and Transit Car Manufacturing industry manufactures and rebuilds locomotives, railroad cars, streetcars and transit cars, as well as railway maintenance equipment and train car components. At the outset of the five-year period to 2018, the industry grew rapidly; however, revenue declined overall as sharp declines in demand for transportation services dragged the industry down. Over the five years to 2018, industry revenue is expected to decline. Over the five years to 2023, the industry is expected to exhibit renewed growth.
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.