Northern America: Railway Passenger Coach Market 2025

Railway Passenger Coach Market Size in Northern America

In 2022, the North American railway passenger coach market increased by 0.4% to $X, rising for the second consecutive year after three years of decline. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +19.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Railway Passenger Coach Production in Northern America

In value terms, railway passenger coach production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a mild decline. The most prominent rate of growth was recorded in 2014 with an increase of 24% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Railway Passenger Coach Exports

Exports in Northern America

Railway passenger coach exports reduced dramatically to X units in 2022, waning by -50% compared with the previous year's figure. Over the period under review, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 1,150% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, railway passenger coach exports soared to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 1,319%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Canada (X units) represented the major exporter of railway or tramway passenger coaches (not self-propelled), making up 70% of total exports. It was distantly followed by the United States (X units), achieving a 30% share of total exports.

Canada was also the fastest-growing in terms of the railway or tramway passenger coaches (not self-propelled) exports, with a CAGR of +14.9% from 2012 to 2022. The United States (-5.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada increased by +70 percentage points.

In value terms, Canada ($X) remains the largest railway passenger coach supplier in Northern America, comprising 74% of total exports. The second position in the ranking was held by the United States ($X), with a 26% share of total exports.

In Canada, railway passenger coach exports expanded at an average annual rate of +84.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, with an increase of 142% against the previous year. Overall, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 500% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+60.3%).

Railway Passenger Coach Imports

Imports in Northern America

In 2022, approx. X units of railway or tramway passenger coaches (not self-propelled) were imported in Northern America; rising by 26% against 2021 figures. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 22,133%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, railway passenger coach imports skyrocketed to $X in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 1,206% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Canada dominates imports structure, reaching X units, which was near 97% of total imports in 2022. The United States (X units) took a minor share of total imports.

Canada was also the fastest-growing in terms of the railway or tramway passenger coaches (not self-propelled) imports, with a CAGR of +80.1% from 2012 to 2022. At the same time, the United States (+19.6%) displayed positive paces of growth. While the share of Canada (+64 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-57.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported railway or tramway passenger coaches (not self-propelled) in Northern America, comprising 79% of total imports. The second position in the ranking was taken by Canada ($X), with a 21% share of total imports.

In the United States, railway passenger coach imports increased at an average annual rate of +34.8% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, picking up by 80% against the previous year. Overall, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by 8,875%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.7%).

Source: IndexBox Platform

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