The sold production of railway locomotives and rolling stock in the UK witnessed significant volatility from 2013 to 2023, expressed in billion Euros:
- 2013 surged impressively by 260.23%, followed by a gradual decline in 2014 and 2015 by -18.03% and -11.52% respectively.
- A sharp drop occurred in 2016 with a -65.2% reduction, but a significant recovery of 147.29% followed in 2017.
- The subsequent years showed a mixed trend with 2018 decreasing by -53.45%, 2019 stabilizing with a 0.74% increase, and then plummeting again by -45.38% in 2020.
- A recovery occurred in 2021 with a 55.6% rise, only to see another decline of -4.04% in 2022.
- 2023 again saw a decrease of -9.51%, standing at 0.27035 billion Euros in value.
The average annual variation, or CAGR, over the previous 5 years was -5.76%, indicating a trend of steady decline.
Future forecasts predict a continual downtrend with an estimated CAGR of -12.65% over the next five years, culminating in a -49.14% reduction by 2028.
Future trends to watch for include technological innovations in rolling stock, government investment in railway infrastructure, and shifts in global trade impacting demand. Potential environmental regulations and the push for sustainable transport solutions may also drive market changes.