In 2023, Germany dominated European transport equipment production with a share significantly higher than other countries, leading with robust economic contribution. France followed as a distant second, and Italy and Spain had a comparable output. Smaller countries like Luxembourg and Greece had minimal contributions. Over 2023, most notable increases were in Netherlands, Slovenia, and Estonia. Only Ireland and Greece saw declines, indicating sector vulnerabilities. The overall CAGR for the major contributors Germany and France shows a positive trend over the last five years.
Future trends to watch:
- Growing innovation in sustainable transport technologies.
- Potential market shifts due to economic policies in major EU economies.
- Emerging Eastern European manufacturers might gain market share.
- Impact of geopolitical factors on supply chains and production capabilities.
Top countries in Production of Transport Equipment Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 53.16 | 2023 | +1.87% | +1.35% | View data |
| 2 | 2 France | 17.5 | 2023 | +2.14% | +2.65% | View data |
| 3 | 3 Italy | 10.81 | 2023 | +1.68% | +1.12% | View data |
| 4 | 4 Spain | 10.02 | 2023 | +1.91% | +1.91% | View data |
| 5 | 5 Netherlands | 2.98 | 2023 | +3.21% | +2.81% | View data |
| 6 | 6 Austria | 2.54 | 2023 | +2.27% | +1.74% | View data |
| 7 | 7 Belgium | 1.72 | 2023 | -0.65% | +0.36% | View data |
| 8 | 8 Finland | 0.48 | 2023 | +1.94% | +1.76% | View data |
| 9 | 9 Slovenia | 0.47 | 2023 | +2.87% | +2.47% | View data |
| 10 | 10 Ireland | 0.1 | 2023 | +0.21% | -0.7% | View data |
