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 2019, the industry grew rapidly; however, revenue declined overall as sharp declines in demand for transportation services dragged the industry down. Sharp commodity price declines during much of the current period restricted demand for rail shipments and reduced industrial demand. Over the five years to 2024, the industry is expected to exhibit growth. In addition to gains in industrial production and a renewed focus on passenger rail infrastructure, government regulations regarding rolling stock safety and emissions standards are expected to encourage demand. Old rolling stock that no longer meets minimum requirements will need to be replaced or retrofitted, improving revenue 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, which are accounted for in the Engine and Turbine Manufacturing industry (IBISWorld report 33361a).
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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