U.S.: Electric Locomotive Market 2025

Electric Locomotive Market Size in the U.S.

The U.S. electric locomotive market surged to $X in 2021, jumping by 73% against the previous year. Overall, consumption, however, continues to indicate a abrupt shrinkage. Electric locomotive consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electric Locomotive Production in the U.S.

In value terms, electric locomotive production rose markedly to $X in 2021. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 26%. Electric locomotive production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Electric Locomotive Exports

Exports from the U.S.

After five years of decline, shipments abroad of electric locomotives decreased by -42.9% to X units in 2021. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 1,100%. Over the period under review, the exports hit record highs at X units in 2020, and then plummeted in the following year.

In value terms, electric locomotive exports contracted markedly to $X in 2021. In general, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2015 when exports increased by 2,432% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Aruba (X units), Malaysia (X units) and Canada (X units) were the main destinations of electric locomotive exports from the United States. Moreover, electric locomotive exports in Aruba exceeded the figures recorded by the second-largest exporter, Malaysia, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +10.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric locomotive exported from the United States were Canada ($X), Aruba ($X) and Malaysia ($X), together comprising 99.9% of total exports.

Canada, with a CAGR of +20.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric locomotive export price stood at $X per unit in 2021, reducing by -13.9% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 112% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+69.8%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Locomotive Imports

Imports into the U.S.

In 2021, the amount of electric locomotives imported into the United States skyrocketed to X units, picking up by 60% on 2020. In general, imports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2014 when imports increased by 1,300% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric locomotive imports soared to $X in 2021. Overall, imports continue to indicate a moderate expansion. The growth pace was the most rapid in 2014 when imports increased by 1,217% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Italy (X units), Germany (X units) and the UK (X units) were the main suppliers of electric locomotive imports to the United States, with a combined 88% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +44.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric locomotive suppliers to the United States were the UK ($X), Italy ($X) and Germany ($X), with a combined 87% share of total imports.

Italy, with a CAGR of +52.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric locomotive import price stood at $X per unit in 2021, with an increase of 36% against the previous year. Over the period under review, the import price posted a significant increase. The growth pace was the most rapid in 2017 an increase of 71%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+103.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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