Between 2014 and 2023, the railway locomotives and rolling stock turnover in Sweden rose steadily from 640.9 million Euros to 769.9 million Euros. After reaching a peak of 803.4 million Euros in 2015, the market experienced fluctuations, including a significant decline in 2019 to 674.9 million Euros. Following a slight downturn in 2020, the market rebounded and continued its upward trend, reaching 742.6 million Euros in 2022 and 769.9 million Euros in 2023, marking a year-on-year growth of 3.68%.
The Compound Annual Growth Rate (CAGR) for the period from 2019 to 2023 stands at -0.15%, reflecting a mild contraction overall. However, the forecast from 2024 to 2028 is optimistic, with a projected CAGR of 2.49%, hinting at an expected market value of 901.3 million Euros by 2028, representing a growth rate of 13.1% over these five years.
Future trends to watch for include advancements in sustainable and electric locomotive technologies, coupled with government investments in railway infrastructure. These factors may drive further growth and innovation in the Swedish railway sector.