In 2023, Germany led the European Value Added of Transport Equipment with a value of 167.99 billion Euros, reflecting a 1.88% year-on-year increase. Notable growth was also seen in France (36.46 billion Euros, +2.24%) and Italy (24.65 billion Euros, +1.31%). While most countries exhibited moderate growth, Slovakia showed a significant year-on-year increase at 7.11%. Conversely, Belgium (-0.31%), Ireland (-1.55%), and Greece (-2.65%) experienced declines. Over the past five years, the Compound Annual Growth Rate (CAGR) indicates steady but varied rates of development across different countries.
Looking ahead to 2024, macroeconomic factors such as automation, green technology initiatives, and supply chain shifts are expected to influence the overall value added. Countries with advanced manufacturing capabilities like Germany and France may continue to see stable growth, while emerging markets like Slovakia could experience increased investment and further growth. Sustainability and innovation will be key drivers shaping the future trajectory of the transport equipment sector in Europe.
Top countries in Value Added of Transport Equipment by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 167,990 | 2023 | +2.3% | +1.88% | View data |
| 2 | 2 France | 36,460 | 2023 | +1.79% | +2.24% | View data |
| 3 | 3 Italy | 24,650 | 2023 | +1.81% | +1.31% | View data |
| 4 | 4 Spain | 18,090 | 2023 | +1.55% | +1.3% | View data |
| 5 | 5 Austria | 5,770 | 2023 | +1.77% | +1.44% | View data |
| 6 | 6 Slovakia | 4,940 | 2023 | +4.01% | +7.11% | View data |
| 7 | 7 Netherlands | 4,600 | 2023 | +1.61% | +1.28% | View data |
| 8 | 8 Belgium | 3,240 | 2023 | -0.44% | -0.31% | View data |
| 9 | 9 Finland | 1,260 | 2023 | +1.78% | +1.27% | View data |
| 10 | 10 Slovenia | 890.7 | 2023 | +2.69% | +2.54% | View data |
