The European turnover for construction of railways and underground railways in 2023 showed significant variations across countries. The United Kingdom led with the highest turnover, though it saw a slight decline of 0.23%. Italy and Poland followed, with Poland showing a notable increase of 3.89%. Germany experienced a reduction of 1.75%, while Spain had a significant decline of 6.33%. Conversely, countries like Hungary, France, and Norway experienced remarkable growth, with increases of 11.23%, 10.34%, and 16.45% respectively.
Future trends to watch in the sector include:
- Emerging technologies and sustainable construction practices are likely to drive growth in advanced economies.
- Eastern European countries such as Hungary and Poland will continue to experience robust growth as infrastructure investments increase.
- Attention on environmental impact will push for modernization and expansion of rail systems, boosting investment in Western European nations.
- The influence of EU funding and policy directives will shape strategic developments in underperforming regions.
Top countries in Turnover of Construction of Railways and Underground Railways Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 14.68 | 2023 | +0.37% | -0.23% | View data |
| 2 | 2 Italy | 13.84 | 2023 | -0.17% | +0.31% | View data |
| 3 | 3 Poland | 12.57 | 2023 | +2.52% | +3.89% | View data |
| 4 | 4 Germany | 11.05 | 2023 | +1.44% | -1.75% | View data |
| 5 | 5 Spain | 9.12 | 2023 | -7.38% | -6.33% | View data |
| 6 | 6 Sweden | 6.65 | 2023 | +3.2% | +2.13% | View data |
| 7 | 7 Hungary | 6.48 | 2023 | +11.98% | +11.23% | View data |
| 8 | 8 France | 5.01 | 2023 | +2.95% | +10.34% | View data |
| 9 | 9 Norway | 4.5 | 2023 | +6.75% | +16.45% | View data |
| 10 | 10 Denmark | 3.79 | 2023 | +7.37% | +3.52% | View data |
