In 2023, Germany dominated the European transport equipment manufacturing sector with a Gross Value Added (GVA) of 158.18 billion Euros, reflecting a modest annual growth of 0.67%. Spain followed, with 17.89 billion Euros, showcasing a healthier growth rate of 0.85%. Slovakia demonstrated significant expansion at 8.23%, whereas Belgium and the Netherlands experienced declines of -2.53% and -0.88%, respectively. Meanwhile, Croatia had an outstanding growth of 22.61%. Growth in countries like Lithuania and Malta was notable at 6.91% and 3.44% respectively. Conversely, Greece, Ireland, and Finland saw contractions, indicating varying economic challenges. Over the past five years, these markets revealed diverse growth patterns, with some emerging strongly.
Future trends to watch include the continuing technological innovation, particularly the integration of electric and autonomous vehicles, which could radically alter manufacturing processes and economic contributions. Economic policies impacting trade and manufacturing regulations, along with environmental sustainability initiatives, will likely play crucial roles in shaping the sector’s landscape. Monitoring post-COVID market recoveries and geopolitical tensions are also important for assessing potential disruptions or growth stimuli.
Top countries in Transport Equipment Manufacturing Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 158,180 | 2023 | +4.37% | +0.67% | View data |
| 2 | 2 Spain | 17,890 | 2023 | +3.87% | +0.85% | View data |
| 3 | 3 Slovakia | 5,210 | 2023 | +7.46% | +8.23% | View data |
| 4 | 4 Netherlands | 4,100 | 2023 | +5.85% | -0.88% | View data |
| 5 | 5 Belgium | 2,900 | 2023 | -3.71% | -2.53% | View data |
| 6 | 6 Portugal | 2,320 | 2023 | +7.23% | +3.14% | View data |
| 7 | 7 Finland | 1,170 | 2023 | +2.28% | -0.2% | View data |
| 8 | 8 Greece | 409.32 | 2023 | +0.66% | -1.74% | View data |
| 9 | 9 Lithuania | 392.16 | 2023 | +3.11% | +6.91% | View data |
| 10 | 10 Ireland | 390.22 | 2023 | +3.16% | -0.92% | View data |
