In 2023, Europe's steel casting market for locomotives and rolling stock witnessed Germany leading with a strong production share. Spain and France experienced significant growth, with increases of 3.41% and 8.14% respectively. Austria and Romania faced declines, seeing decreases of 2.33% and 5.41%. Smaller markets like Poland and Serbia showed robust growth of 7.22% and 4.95%. Over the last five years, the market has evolved with the Compound Annual Growth Rate (CAGR) giving a more detailed picture of the gradual changes.
Future trends to watch include:
- Germany maintaining its leader status, potentially influencing regional markets.
- Growth sustainability in France and Spain offering opportunities for expansion.
- Observing Eastern European countries for emerging market dynamics and niche players.
- Innovations and advancements in locomotive technologies impacting steel casting demands.
Top countries in Sold Production of Steel Castings for Locomotives and Rolling Stock Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 49.43 | 2023 | +2.68% | +0.47% | View data |
| 2 | 2 Spain | 21.46 | 2023 | +1.57% | +3.41% | View data |
| 3 | 3 France | 9.03 | 2023 | +8.03% | +8.14% | View data |
| 4 | 4 Austria | 8.13 | 2023 | +2.86% | -2.33% | View data |
| 5 | 5 Sweden | 2.44 | 2023 | +1.3% | -1.6% | View data |
| 6 | 6 Poland | 1.76 | 2023 | +1.24% | +7.22% | View data |
| 7 | 7 Romania | 1.63 | 2023 | -3.19% | -5.41% | View data |
| 8 | 8 Finland | 1.06 | 2023 | +4.79% | -1.09% | View data |
| 9 | 9 Portugal | 0.81 | 2023 | +6.54% | +0.64% | View data |
| 10 | 10 Czechia | 0.52 | 2023 |
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