In 2023, Germany dominated European transport equipment manufacturing with a significant share of €67.22 million, outpacing Italy and Spain with €13.14 million and €12.34 million, respectively. Smaller contributions came from Austria, Netherlands, and others. Notable variations in 2023 include a strong growth in Spain (1.55%) and Estonia (10.5%), while the Netherlands and Slovenia experienced declines. Lithuania led with a substantial increase of 13.87%. Over the last five years, Germany's compound annual growth rate (CAGR) remained robust, further strengthening its leading position.
Future trends to watch include increasing technological innovation, such as electric and autonomous vehicles, which may alter country standings. The emphasis on sustainability and green transportation initiatives is expected to drive sectorial shifts and potentially foster opportunities for growth among smaller countries.
Top countries in Transport Equipment Manufacturing Output Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 67.22 | 2023 | +5.13% | +1.16% | View data |
| 2 | 2 Italy | 13.14 | 2023 | +4.11% | +0.13% | View data |
| 3 | 3 Spain | 12.34 | 2023 | +5.29% | +1.55% | View data |
| 4 | 4 Austria | 3.25 | 2023 | +3.49% | +1.15% | View data |
| 5 | 5 Netherlands | 3.22 | 2023 | +2.12% | -0.57% | View data |
| 6 | 6 Slovenia | 0.5 | 2023 | +2.95% | -1.14% | View data |
| 7 | 7 Lithuania | 0.16 | 2023 | +10.74% | +13.87% | View data |
| 8 | 8 Estonia | 0.11 | 2023 | +5.66% | +10.5% | View data |
| 9 | 9 Latvia | 0.049 | 2023 | +3.47% | +1.98% | View data |
| 10 | 10 Cyprus | 0.002 | 2023 | +1.16% | +0.35% | View data |
