In 2023, Germany led European transport equipment production, valuing at 495.27 billion Euros, followed by France and Italy with 155.23 and 98.86 billion Euros respectively. Notably, smaller markets such as Estonia and Finland contributed minimally. Year-on-year, growth was impressive in Estonia and Slovenia at over 2%. Conversely, Greece observed a contraction in production volume. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 indicates a diverse performance across countries, with the Netherlands exhibiting strong upward trends compared to others.
Looking forward, focus on sustainable production and technological innovations will likely drive growth. Monitoring the adaptability of countries like Greece could be crucial, especially those showing stagnation or decline. Furthermore, the increased emphasis on electric vehicles may heavily impact production trends throughout Europe.
Top countries in Production Volumes of Transport Equipment by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 495,270 | 2023 | +1.65% | +1.37% | View data |
| 2 | 2 France | 155,230 | 2023 | +1.49% | +1.56% | View data |
| 3 | 3 Italy | 98,860 | 2023 | +1.27% | +0.54% | View data |
| 4 | 4 Netherlands | 27,390 | 2023 | +2.97% | +2.61% | View data |
| 5 | 5 Austria | 23,500 | 2023 | +2.07% | +1.5% | View data |
| 6 | 6 Belgium | 16,040 | 2023 | -0.91% | +0.19% | View data |
| 7 | 7 Slovenia | 4,380 | 2023 | +2.54% | +2.13% | View data |
| 8 | 8 Finland | 4,280 | 2023 | +1.3% | +1.02% | View data |
| 9 | 9 Estonia | 710.06 | 2023 | +3.63% | +3.42% | View data |
| 10 | 10 Greece | 548.61 | 2023 | -1.96% | -3.54% | View data |
