Train, Subway & Transit Car Manufacturing in the US - Industry Market Research Report

Train, Subway & Transit Car Manufacturing in the US - Industry Market Research Report

  • April 2021 •
  • 46 pages •
  • Report ID: 198814 •
  • Format: PDF
Rolling along: Increased demand from foreign countries is expected to support the value of exports

Abstract

Train, Subway & Transit Car Manufacturing in the US

The Train, Subway & Transit Car Manufacturing industry exhibits a moderate level of market concertation. General Electric Company, Siemens AG, Trinity Industries Inc. and Greenbrier Companies represent the four largest players in the industry. Other companies include Bombardier Inc. and Freightcar America. As industry participation has increased in recent years, most of these operators have lost market share. Products offered by these players include; diesel and non-diesel electric locomotives and parts, new train and train cars and rebuilt cars and railway maintenance of equipment and parts.

Merger and acquisition activity has aided some players

o One way that operators have moved to gain a larger share of the industry has been to acquire smaller competitors. This has also helped major players integrate innovative technologies in their product offerings. For example, Siemens AG acquired Invensys Rail in 2013. Meanwhile in 2017 the company combined its mobility segment with Alstom. Other major acquisitions include Trinity Industries Inc. acquisition of Meyer Steel Structures in 2014 and Greenbrier Companies 2019 acquisition of the manufacturing arm of American Railcar Industries.

Companies compete on a myriad of factors
o Major companies seek to improve product offerings as a means of remaining in line with the competition These innovations are intended to improve the quality of transport performance and lessen transport time. Operators often also compete on the basis of price and support.

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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