The railway locomotives and rolling stock turnover in Spain has seen an upward trend from 2013 to 2023, growing from 2.58 billion euros to 3.84 billion euros in actual values. The period between 2013 and 2023 shows steady year-on-year variations, with significant increases noted in 2016 (7.67%) and 2018 (15.58%). The latest year-on-year variation in 2023 is 3.74%. The Compound Annual Growth Rate (CAGR) for the last five years up to 2023 stands at 3.3%. Historical data reflects periods of both modest and sharp increases, signaling a steady long-term growth.
Looking ahead, the forecasted growth continues with the turnover expected to reach 4.51 billion euros by 2028. The forecasted 5-year CAGR is projected at 2.55%, indicating continued, albeit moderate, growth. The 5-year growth rate from 2024 to 2028 is forecasted at 13.4%.
Future trends to watch for in this sector include advancements in green technologies and increased investments in high-speed rail networks. These developments could further drive growth and innovation in the railway industry in Spain.
