In 2023, the Czech Republic led European R&D expenditure in railway locomotives and rolling stock manufacturing, with expenditures amounting to 136.16 million euros, showcasing a significant year-on-year increase of 21.7%. Spain followed, while Italy exhibited marginal growth. Poland and Portugal showed modest increases, with growth rates of 1.78% and 8.54%, respectively. Finland invested the least. Over the past five years, the average yearly growth rate in some countries indicates a positive trend in R&D spending.
Future Trends to Watch:
- Expansion of green technology investments within the rail industry.
- Increased collaboration across European countries for shared R&D initiatives.
- Enhanced focus on digital innovations to improve efficiency and performance.
Top countries in Business Expenditure on R&D in Railway Locomotives and Rolling Stock Manufacturing by Country
| # | 6 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 136.16 | 2023 | +18.42% | +21.7% | View data |
| 2 | 2 Spain | 116.98 | 2021 | View data | ||
| 3 | 3 Italy | 60.62 | 2023 | +7.05% | +0.49% | View data |
| 4 | 4 Poland | 33.79 | 2023 | +9.58% | +1.78% | View data |
| 5 | 5 Finland | 2.69 | 2021 | View data | ||
| 6 | 6 Portugal | 0.7 | 2023 | +0.43% | +8.54% | View data |
