In 2023, Germany led the production of railway locomotives and rolling stock in Europe with a value of 5.99 billion Euros, followed by the United Kingdom at 4.84 billion Euros, and France at 4.11 billion Euros. Notably, Germany experienced a slight decline of 1.47% year-on-year, whereas the United Kingdom and Spain saw increases of 2.87% and 3.07%, respectively. Switzerland, Poland, and Romania achieved significant growth rates, with Romania's production value rising by 8.73%. Conversely, Belgium, Croatia, and Greece reported declines, with Greece still seeing an impressive 34.74% growth.
Future trends to watch include technological advancements, such as the adoption of green technologies and digitalization, which could impact production values and regional dominance. Additionally, government policies and investments in infrastructure will likely play a crucial role in shaping the market dynamics across Europe.
Top countries in Railway Locomotives and Rolling Stock Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,990 | 2023 | +0.93% | -1.47% | View data |
| 2 | 2 United Kingdom | 4,840 | 2023 | +4.13% | +2.87% | View data |
| 3 | 3 France | 4,110 | 2023 | -0.18% | +0.59% | View data |
| 4 | 4 Spain | 3,850 | 2023 | +3.34% | +3.07% | View data |
| 5 | 5 Switzerland | 3,540 | 2023 | +4.34% | +4.3% | View data |
| 6 | 6 Poland | 2,420 | 2023 | +5.95% | +6.97% | View data |
| 7 | 7 Czech Republic | 1,240 | 2023 | +0.28% | +0.12% | View data |
| 8 | 8 Sweden | 965.1 | 2023 | +6.44% | +4.3% | View data |
| 9 | 9 Slovakia | 472.4 | 2023 | +4.44% | +6.6% | View data |
| 10 | 10 Romania | 450.2 | 2023 | +3.92% | +8.73% | View data |
