Back on track: Government regulations regarding safety are expected to encourage demand

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 period, the industry grew rapidly, however, revenue declined overall as sharp declines dragged the industry down. Over the five years to 2018, industry revenue is expected to decline. Over the next five years, the industry is expected to exhibit renewed growth...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Old rolling stock that no longer meets minimum requirements will need to be replaced or retrofitted, improving industry revenue
  • The total value of US trade is a strong indicator of demand for rail transport
  • Industry growth will continue to be affected by increased competition from global manufacturers
  • Industry Report - Industry Locations Chapter

    Unlike the related rail transport and rail transport support services, rail rolling stock is more concentrated in traditional manufacturing centers than population centers or transport hubs. The Mid-Atlantic has the highest concentration of train, subway and transit car manufacturers, with an estimated 23.9% of industry establishments. Some of the biggest locomotive manufacturers are located in Pennsylvania, including GE Transportation and Brookville Equipment Corporation. Pennsylvania alone has an estimated 15.6% of industry establishments.The Great Lakes and Southeast regions have a high concentration of establishments, at 22.2% and 21.4%, respectively. The...purchase to read more.

    Additional Insights for the Train, Subway & Transit Car Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Train, Subway & Transit Car Manufacturing Industry are

  • Must comply with required product standards
  • Provision of superior after sales service
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Demand from rail transportation and Industrial production index in the Train, Subway & Transit Car Manufacturing industry impact industry performance..

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    What's in this report

    What is the Train, Subway & Transit Car Manufacturing 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.

    Industry Products
  • Diesel-electric locomotives and parts
  • Nondiesel-electric locomotives and parts
  • New train and train cars, freight and passenger
  • Rebuilt street, subway and transit cars
  • Railway maintenance equipment and parts
  • Industry Activities
  • locomotives
  • Rebuilding of locomotives
  • railroad cars and equipment
  • transit cars and equipment
  • railway track maintenance equipment
  • railway and transit equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from rail transportation
  • Industrial production index
  • Total trade value
  • Federal funding for transportation
  • Trade-weighted index

  • Current Performance
  • Structural demand
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Industrial production and emerging economies
  • Sustainability and the government
  • Table: Train, Subway & Transit Car Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Train, Subway & Transit Car Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Rail Transportation
  • Public Transportation
  • Rail Maintenance Services

  • Key Selling Industries
  • Ball Bearing Manufacturing
  • Electrical Equipment Manufacturing
  • Ferrous Metal Foundry Products
  • Guns & Ammunition Manufacturing
  • Metal Pipe & Tube Manufacturing
  • Screw, Nut & Bolt Manufacturing
  • Train, Subway & Transit Car Manufacturing

  • Products & Services
  • Diesel-electric locomotives and parts
  • New train and train cars, freight and passenger
  • Nondiesel-electric locomotives and parts
  • Railway maintenance equipment and parts
  • Rebuilt street, subway and transit cars
  • Chart: Train, Subway & Transit Car Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Class I rail
  • Leasing companies
  • Exports
  • Shipping companies
  • Nonclass I rail
  • Chart: Major Market Segmentation for the Train, Subway & Transit Car Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Train, Subway & Transit Car Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Train, Subway & Transit Car Manufacturing Industry

  • Industry Globalization
    General Electric Company, Siemens AG, Trinity Industries Inc.,
  • Table: General Electric Company - financial performance
  • Table: Siemens AG - financial performance
  • Table: Trinity Industries Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Train, Subway & Transit Car Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Train, Subway & Transit Car Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Federal funding for transportation (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Class I Railroad
  • A railroad with operating revenue of at least $250 million, adjusted for inflation to 1991
  • Normal Trade Relations (Ntr)
  • The trade status of a country that is characterized by low tariffs and limited restrictions.
  • North American Free Trade Agreement (Nafta)
  • A generally duty-free agreement signed by the governments of Canada, Mexico and the United States, creating a trilateral trade bloc in North America.
  • Rolling Stock
  • The vehicles that travel on rails, including railcars, locomotives, subway cars and trolleys.
  • What Our Customers Say

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    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Train, Subway & Transit Car Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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