The market is dominated by foreign suppliers, as imports account for 73.1% of total market size in 2023. Investments drive market demand, with investments representing 62.3% of total demand in 2023. Canada has the 15th largest market size for railway and tramway locomotives and rolling stock across the top 20 developed countries, with demand reaching USD1.5 billion in 2023. Bombardier Inc is the largest company in Canada, generating 53.5% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 95.8% of total production value in 2023. The total number of companies decreases in 2023, to 84 units. The costs of the industry decrease by 0.1% in 2023, largely driven by declining labour costs. The industry’s profitability decreases and stands at 0.4% of production value in 2023, the 20th highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 62.0% of total production output. With production value of USD1.0 billion, Canada accounts for 9.1% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Railway and Tramway Locomotives and Rolling Stock in Canada: ISIC 352. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Railway and Tramway Locomotives and Rolling Stock in Canada: ISIC 352 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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