The sold production of railway locomotives and rolling stock in Italy has shown considerable fluctuations between 2013 and 2023, increasing from €1.3988 billion in 2013 to €3.5186 billion in 2023. Over these years, the market experienced several peaks and troughs, with notable increases in 2015, 2019, and 2021. The year-on-year variation in value has ranged from -32.96% in 2016 to 76.46% in 2019. The compound annual growth rate (CAGR) over the last five years stood substantially at 17.54%, reflecting robust market expansion.
Looking forward, the forecast indicates a consistent growth trajectory with the value expected to reach €3.9307 billion in 2028. The forecasted 5-year CAGR is 1.76%, suggesting a stabilized but modest growth phase. From 2024 to 2028, an overall growth rate of 9.1% is projected, indicating a steady upward trend.
Future Trends to Watch For:
- Advancements in green technologies could drive the demand for eco-friendly locomotives and rolling stock.- Policy shifts and infrastructure investments in public transportation will significantly impact production values.- Innovations in high-speed rail and autonomous trains may spur further market growth.