In 2023, Germany led the European Land Transport and Pipeline Transportation sector with a Gross Value Added (GVA) of €55.66 billion, followed by Spain with €25.07 billion and the Netherlands at €14.7 billion. Notably, Ireland, Slovenia, and Latvia exhibited strong growth rates over the past year, with GVA increasing by over 4% each. Estonia had the highest year-on-year growth at 6.74%. Smaller economies like Malta and Cyprus experienced a modest yet significant increase, anchored by robust performance in neighboring regions. The Compound Annual Growth Rate over five years indicates sustained industry growth across Europe.
Future trends to watch include the impact of digital transformation and sustainable practices on operations and logistics within the sector. Emerging technologies and evolving regulatory requirements could reshape infrastructure investments, with a potential shift towards greener and more efficient transportation methods. It will be crucial to observe how these factors influence the competitive landscape and drive economic contributions across European countries.
Top countries in Land Transport and Pipeline Transportation Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 55,660 | 2023 | +4.91% | +1.95% | View data |
| 2 | 2 Spain | 25,070 | 2023 | +3.77% | +1.85% | View data |
| 3 | 3 Netherlands | 14,700 | 2023 | -2.36% | +3.71% | View data |
| 4 | 4 Portugal | 3,910 | 2023 | +2.36% | +2.11% | View data |
| 5 | 5 Slovakia | 3,190 | 2023 | +2.31% | +0.76% | View data |
| 6 | 6 Ireland | 2,820 | 2023 | +2.14% | +4.02% | View data |
| 7 | 7 Slovenia | 1,680 | 2023 | +2.6% | +4.77% | View data |
| 8 | 8 Croatia | 1,340 | 2023 | +1.46% | +5.68% | View data |
| 9 | 9 Latvia | 1,210 | 2023 | +2.86% | +4.81% | View data |
| 10 | 10 Estonia | 904.49 | 2023 | +2.41% | +6.74% | View data |
