The European turnover of construction for railways and underground railways witnessed notable variations across countries in 2023. The United Kingdom led with a turnover of €3.0 billion, although it experienced a minor decline of 0.23% year-on-year. Italy and Poland followed with increases of 0.31% and 3.89%, respectively. Hungary and Norway showed remarkable growth rates of 11.23% and 16.45%, respectively. In contrast, Spain and Germany faced declines of 6.33% and 1.75%. France saw a significant rise of 10.34%, reflecting increased activity in rail construction.
Trends from 2024 are forecasted to demonstrate continued strong growth in Eastern European countries like Hungary and Poland, driven by infrastructure expansion initiatives. Western European nations may face varying levels of growth, with sustainability and modernization efforts playing crucial roles. Close monitoring of geopolitical factors and funding allocations will be essential in predicting future turnover trends for railway and underground railway construction in Europe.
Top countries in Turnover of Construction of Railways and Underground Railways by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,000 | 2023 | +0.37% | -0.23% | View data |
| 2 | 2 Italy | 2,830 | 2023 | -0.17% | +0.31% | View data |
| 3 | 3 Poland | 2,570 | 2023 | +2.52% | +3.89% | View data |
| 4 | 4 Germany | 2,260 | 2023 | +1.44% | -1.75% | View data |
| 5 | 5 Spain | 1,860 | 2023 | -7.38% | -6.33% | View data |
| 6 | 6 Sweden | 1,360 | 2023 | +3.2% | +2.13% | View data |
| 7 | 7 Hungary | 1,320 | 2023 | +11.98% | +11.23% | View data |
| 8 | 8 France | 1,020 | 2023 | +2.95% | +10.34% | View data |
| 9 | 9 Norway | 919.1 | 2023 | +6.75% | +16.45% | View data |
| 10 | 10 Denmark | 774.1 | 2023 | +7.37% | +3.52% | View data |
