$12.6bn
$X.Xbn
27,692
146
$X.Xbn
Train, subway and transit car manufacturers have contended with difficult times in recent years. The outbreak of COVID-19 brought the whole economy to a halt, including travel and freight transportation. This resulted in a period of low demand, as fewer new railcars were needed. This also meant little wear was put on the existing railcars, reducing the need for maintenance and replacement even as the economy reopened. Government assistance and revitalized industrial activity have helped jumpstart the rolling stock manufacturing industry recently, though not enough to counteract the revenue declines of previous years. Overall, industry revenue has been falling at a CAGR of 2.6% to $12.7 billion in the current period, with an increase of 0.02% in 2024.
Industry revenue has declined at a CAGR of 2.6 % over the past five years, to reach an estimated $12.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Westinghouse Air Brake Technologies Corp | 3,849.9 | 645.5 | 16.8 | |
Trinity Industries Inc. | 2,525.1 | 239.3 | 9.5 | |
Greenbrier Companies Inc. | 2,131.9 | 198.4 | 9.3 |
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Industry revenue is measured across several distinct product and services lines, including Locomotives and parts (diesel and nondiesel-electric), Train and train cars (freight and passenger) and Railway equipment and parts. Locomotives and parts (diesel and nondiesel-electric) is the largest segment of the Train, Subway & Transit Car Manufacturing in the US.
Locomotives tow the industry along
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).
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NAICS 33651 - Train, Subway & Transit Car Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
General economic activity drives industry performance. The more consumers spend on travel and the greater the level of industrial production and freight transport, the more r...
Learn about an industry's products and services, markets and trends in international trade.
The locomotives and parts segment is crucial for revenue stability. With ongoing investments in cleaner technologies, this area continues to meet the persistent demand for re...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Proximity to industrial production raises the appeal for railcar manufacturers. These products are shipped around the country at a high volume.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The major manufacturers dominate the industry. Large contracts with key rail services, leasing companies and commodity producers keep the four biggest manufacturers at the to...
Learn about the performance of the top companies in the industry.
Manufacturers turn their focus to sustainable practices. Tightening government restrictions and a changing climate will inevitably force changes, so getting ahead of the curv...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Government funding for transportation drives industry success. The steady influx of funds to improve aging infrastructure will raise rolling stock manufacturers' revenues.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Manufacturing efficiencies keep profits up even as revenues drop. Thanks to improved automation and a drop in steel prices since 2021, manufacturers have managed to keep expe...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Train, Subway & Transit Car Manufacturing in the US industry in United States is $12.6bn in 2024.
There are 146 businesses in the Train, Subway & Transit Car Manufacturing in the US industry in United States, which has declined at a CAGR of 0.0 % between 2019 and 2024.
The market size of the Train, Subway & Transit Car Manufacturing in the US industry in United States has been declining at a CAGR of 2.6 % between 2019 and 2024.
Over the next five years, the Train, Subway & Transit Car Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Train, Subway & Transit Car Manufacturing market in United States are Westinghouse Air Brake Technologies Corp, Trinity Industries Inc. and Greenbrier Companies Inc.
Locomotives and parts (diesel and nondiesel-electric) and Train and train cars (freight and passenger) are part of the Train, Subway & Transit Car Manufacturing in the US industry.
The company holding the most market share in United States is Westinghouse Air Brake Technologies Corp.
The level of competition is moderate and increasing in the Train, Subway & Transit Car Manufacturing in the US industry in United States.