CLEVELAND, Sept. 11, 2019 /PRNewswire/ -- Shipments of
transport equipment from facilities in the US are forecast to
expand 2.6% per year in nominal terms through 2023, according to
Transport Equipment: United
States, a report recently released by Freedonia
Focus Reports. In inflation-adjusted terms, shipments are projected
to expand 1.2% annually. Advances will be driven by motor vehicle
price growth, airline expansion in developing economies, and rising
demand for freight and personal transport as manufacturing activity
and consumer incomes climb.
More information about the report is available at:
https://www.freedoniafocusreports.com/Transport-Equipment-United-States-FF85030/?progid=91541
Rising shipments of motor vehicles and parts, the leading
segment, will account for the bulk of value gains, largely
reflecting price increases. Marine transport equipment shipments
are projected to see the fastest gains in both value and volume
terms. Replacement of an aging US fleet and the deployment of
increasingly expensive ship technologies are expected to support
advances.
These and other key insights are featured in Transport
Equipment: United States.
This report forecasts to 2023 US transport equipment shipments in
nominal and real (inflation-adjusted) US dollars at the
manufacturer level. Total shipments in nominal and real terms are
segmented by product in terms of:
- motor vehicle
- aerospace
- marine
- railroad
- other products such as motorcycles, military armored vehicles,
and all-terrain vehicles
To illustrate historical trends, total shipments, the various
product segments, and trade are provided in annual series from 2008
to 2018.
Transport equipment includes products employed in the
transportation of passengers and cargo by way of land, water, and
air, as well as products designed for use in space and military
operations. Parts are also included in the scope of this report.
Re-exports are excluded from trade figures.
About Freedonia Focus Reports
Each month, The
Freedonia Group – a division of MarketResearch.com – publishes over
20 new or updated Freedonia Focus Reports, providing fresh,
unbiased analysis on a wide variety of markets and industries.
Published in 20-30 pages, Focus Report coverage ranges from raw
materials to finished manufactured goods and related services such
as freight and construction. Additional Industrials reports can be
purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent
topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key
indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
Press Contact:
Corinne
Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com
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SOURCE The Freedonia Group