The European Value Added of Transport Equipment is heavily dominated by Germany, contributing significantly more than any other country. France, Italy, and Spain follow with moderate shares. Smaller economies like Austria and Slovakia show significant growth, with Slovakia achieving an impressive 7.11% year-on-year increase in 2023. Conversely, Belgium, Ireland, and Greece witnessed declines in their value-added contributions. Over a five-year period, slow growth trends emerged, with approximately minimal Compound Annual Growth Rates, indicating overall stability in the industry.
Future trends to watch include the potential for accelerated advancement in Slovakia and other Eastern European countries as they continue to bolster their industrial capabilities. Additionally, technological innovations and sustainability efforts may reshape the landscape significantly, offering new opportunities for growth and development.
Top countries in Value Added of Transport Equipment Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 62.51 | 2023 | +2.3% | +1.88% | View data |
| 2 | 2 France | 13.57 | 2023 | +1.79% | +2.24% | View data |
| 3 | 3 Italy | 9.17 | 2023 | +1.81% | +1.31% | View data |
| 4 | 4 Spain | 6.73 | 2023 | +1.55% | +1.3% | View data |
| 5 | 5 Austria | 2.15 | 2023 | +1.77% | +1.44% | View data |
| 6 | 6 Slovakia | 1.84 | 2023 | +4.01% | +7.11% | View data |
| 7 | 7 Netherlands | 1.71 | 2023 | +1.61% | +1.28% | View data |
| 8 | 8 Belgium | 1.21 | 2023 | -0.44% | -0.31% | View data |
| 9 | 9 Finland | 0.47 | 2023 | +1.78% | +1.27% | View data |
| 10 | 10 Slovenia | 0.33 | 2023 | +2.69% | +2.54% | View data |
