In 2023, Germany dominates the European transport equipment manufacturing sector, contributing significantly more to the gross value added than any other country listed. Spain and Slovakia also show positive growth rates, with Slovakia experiencing notable growth. Conversely, the Netherlands, Belgium, Finland, Greece, and Ireland faced declines, with Croatia registering the most substantial positive change. Over the past five years, the CAGR highlights significant growth in countries like Slovakia and Lithuania, despite small absolute values.
Future trends to watch for include the potential for further growth in Eastern European countries, leveraging increasing investments and competitive costs. Watch for technological advancements and sustainability initiatives influencing the sector's dynamics.
Top countries in Transport Equipment Manufacturing Gross Value Added Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 81.8 | 2023 | +4.37% | +0.67% | View data |
| 2 | 2 Spain | 9.25 | 2023 | +3.87% | +0.85% | View data |
| 3 | 3 Slovakia | 2.69 | 2023 | +7.46% | +8.23% | View data |
| 4 | 4 Netherlands | 2.12 | 2023 | +5.85% | -0.88% | View data |
| 5 | 5 Belgium | 1.5 | 2023 | -3.71% | -2.53% | View data |
| 6 | 6 Portugal | 1.2 | 2023 | +7.23% | +3.14% | View data |
| 7 | 7 Finland | 0.6 | 2023 | +2.28% | -0.2% | View data |
| 8 | 8 Greece | 0.21 | 2023 | +0.66% | -1.74% | View data |
| 9 | 9 Lithuania | 0.2 | 2023 | +3.11% | +6.91% | View data |
| 10 | 10 Ireland | 0.2 | 2023 | +3.16% | -0.92% | View data |
