The market is dominated by domestic suppliers, as imports account for 20.5% of total market size in 2023. B2B drives market demand, with B2B spending representing 95.9% of total demand in 2023. The US has the second largest market size for railway and tramway locomotives and rolling stock across the top 20 developed countries, with demand reaching USD9.4 billion in 2023. Westinghouse Air Brake Technologies Corp is the largest company in the US, generating 30.8% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 81.1% of total production value in 2023. The total number of companies decreases in 2023, to 377 units. The costs of the industry increase by 1.7% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 5.6% of production value in 2023, the ninth highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 24.9% of total production output. With production value of USD10.4 billion, the US accounts for 90.9% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Railway and Tramway Locomotives and Rolling Stock in the US: ISIC 352. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Railway and Tramway Locomotives and Rolling Stock in the US: ISIC 352 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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