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Train, Subway & Transit Car Manufacturing in Ontario

Author.Name IBISWorld Canada Last Updated: March 2026 NAICS ON33651CA

Train, Subway & Transit Car Manufacturing in Ontario industry analysis

Revenue for the Train, Subway & Transit Car Manufacturing industry in Ontario is expected to grow an annualized x.x% to $x.x million over the five years to 2026, while revenue for the national industry will likely decline at -x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xx locations over the past five years. Industry employment has decreased an annualized -x.x% to x,xxx workers during the period, while industry wages have increased an annualized x% to $x.x million.

Over the five years to 2031, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to decline -x.x% to xx locations over the next five years. Industry employment is expected to decrease an annualized -x.x% to x,xxx workers during the outlook period, while industry wages likely decrease -x% to $x.x million.

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About the Train, Subway & Transit Car Manufacturing in Ontario Market Research Report

What’s Included in the Train, Subway & Transit Car Manufacturing in Ontario Market Research Report

Definition of the Train, Subway & Transit Car Manufacturing in Ontario?

This industry primarily manufactures and rebuilds locomotives and railroad cars of any type or gauge, including frames and parts. This industry includes manufacturing rapid transit cars and special-purpose self-propelled railroad equipment, such as rail layers, ballast distributors, rail tamping equipment and other railway track maintenance equipment.

What’s included in the Train, Subway & Transit Car Manufacturing in Ontario?

The Train, Subway & Transit Car Manufacturing in Ontario includes rebuilding of locomotives, manufacturing railroad cars and equipment, manufacturing of transit cars and equipment, manufacturing of railway track maintenance equipment and manufacturing railway and transit equipment. Related terms covered in the Train, Subway & Transit Car Manufacturing in Ontario industry report includes vehicles that travel on rails, including railcars, locomotives, subway cars and trolleys, orders that are currently unfulfilled by manufacturers. in industries where the manufacturing process takes place over a long period, the level of backlog signals future income streams, systems that have been mandated to be included in trains to help reduce collision risk and the trade status of a country that is characterized by low tariffs and limited restrictions.

Industry Performance of the Train, Subway & Transit Car Manufacturing industry in Ontario

Benchmark the Train, Subway & Transit Car Manufacturing in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Train, Subway & Transit Car Manufacturing in Ontario

#1 in Highest Revenue 30.3% of province's GDP
Revenue (2026)
Annual Growth (2021-26)
Annual Growth (2026-31)

Train, Subway & Transit Car Manufacturing in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Train, Subway & Transit Car Manufacturing industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, median houshold income, aggregate private investment, canadian effective exchange rate index and demand from rail transportation are impacting Train, Subway & Transit Car Manufacturing in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
Median Houshold Income

View more economic information in ON State Economic profile

Canada Key External Drivers

Aggregate private investment
Canadian effective exchange rate index
Demand from rail transportation

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Train, Subway & Transit Car Manufacturing industry in Ontario

Access proprietary data on Census Metropolitan Area in the Train, Subway & Transit Car Manufacturing in Ontario, such as London, Hamilton and Greater Sudbury. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Train, Subway & Transit Car Manufacturing industry in Ontario

Download 19 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Train, Subway & Transit Car Manufacturing industry in Ontario in 2026?

The market size of the Train, Subway & Transit Car Manufacturing industry in Ontario is $767.5m in 2026.

How many businesses are there in the Train, Subway & Transit Car Manufacturing industry in Ontario in 2026?

There are 15 businesses in the Train, Subway & Transit Car Manufacturing industry in Ontario, which has been declining at an average annual rate of -7.4% from 2021 to 2026.

Has the Train, Subway & Transit Car Manufacturing industry in Ontario grown or declined over the past 5 years?

The market size of the Train, Subway & Transit Car Manufacturing industry in Ontario has been growing at an average annual rate of 0.2% from 2021 to 2026.

How many employees in the Train, Subway & Transit Car Manufacturing industry in Ontario in 2026?

There are 2,438 employees in the Train, Subway & Transit Car Manufacturing industry in Ontario, which has been declining at an average annual rate of -0.4% from 2021 to 2026.