The Railroad Rolling Stock Manufacturing industry in the US experienced significant fluctuations from 2013 to 2023. The industry's gross output, measured in billion US dollars, stood at $19.52 billion in 2023. Key trends include a rapid decline in 2016 followed by a recovery in subsequent years with another significant downturn in 2020, largely attributed to the impacts of the COVID-19 pandemic. The years 2021 and 2022 saw substantial rebounds, with year-on-year growth rates of 6.93% and 1.52%, respectively, stabilizing the industry’s performance. The five-year Compound Annual Growth Rate (CAGR) leading up to 2023 averaged at 1.64%, indicating moderate but consistent growth.
Looking ahead, the forecasted data from 2024 to 2028 suggests a stable but modest growth pattern, with an expected five-year CAGR of 1.2%, resulting in an overall growth rate of 6.16% over this period. Future trends to watch for include technological advancements in rolling stock design, increased demand for sustainable and energy-efficient transportation solutions, and potential supply chain disruptions that could impact manufacturing output.
