The European construction of railways and underground railways in 2023 showed notable growth in Italy, Poland, France, Hungary, Norway, and Serbia with double-digit percentage increases. Conversely, Spain, Greece, and Austria experienced declines, indicating potential challenges in those markets. Countries like the United Kingdom, although witnessing a slight decline, maintain a robust construction value. Emerging markets such as Lithuania displayed significant growth, albeit from a lower base, suggesting potential development opportunities.
Future trends to watch include technological advancements in high-speed rail development, sustainability initiatives driving investments, and regional infrastructure collaboration projects. Monitoring these factors will be critical in understanding the evolution and strategic opportunities within the European railway construction industry.
Top countries in Production Value of Construction of Railways and Underground Railways by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 3,520 | 2023 | +0.22% | +1.8% | View data |
| 2 | 2 United Kingdom | 2,870 | 2023 | -0.09% | -0.66% | View data |
| 3 | 3 Poland | 2,620 | 2023 | +5.86% | +4.13% | View data |
| 4 | 4 Spain | 2,080 | 2023 | -6.96% | -5.87% | View data |
| 5 | 5 Sweden | 1,390 | 2023 | +4.35% | +2.73% | View data |
| 6 | 6 France | 1,320 | 2023 | +4.92% | +16.13% | View data |
| 7 | 7 Hungary | 1,010 | 2023 | +13.31% | +12.94% | View data |
| 8 | 8 Norway | 923.3 | 2023 | +6.9% | +16.51% | View data |
| 9 | 9 Denmark | 827.7 | 2023 | +8.65% | +3.5% | View data |
| 10 | 10 Serbia | 524.2 | 2023 | +12.15% | +15.85% | View data |
