In 2023, the sold production of railway locomotives and rolling stock in Germany stood at 1.43 thousand items. For the forecasted period from 2024 to 2028, we observe a consistent year-on-year decline in production values. Specifically:
- For 2024, the production is forecasted at 1.34 thousand items, reflecting a year-on-year decrease of approximately 6.3%.- In 2025, the value drops to 1.25 thousand items, showing a decrease of approximately 6.7% from the previous year.- For 2026, the production value further decreases to 1.16 thousand items, a decline of approximately 7.2%.- In 2027, the value continues to fall to 1.07 thousand items, representing a year-on-year decrease of roughly 7.8%.- By 2028, the production is forecasted at 0.98 thousand items, indicating a decline of about 8.4% from the previous year.
The compound annual growth rate (CAGR) for the period from 2024 to 2028 is a negative trend, averaging a yearly decline of approximately 7.3%. This persistent decrease highlights a significant downward trajectory in the production of railway locomotives and rolling stock in Germany over the upcoming years.
Future trends to watch for include potential shifts in transportation policies, advancements in technology, and the impact of investment in sustainable and alternative modes of transport, which could all influence production levels.
