The production in Italy's rail transportation sector experienced varied growth from 2013 to 2023. Starting in 2013, there were fluctuations with notable increments in years like 2017 (19.25%) and 2022 (16.21%), as well as a sharp decline in 2020 (-27.59%) due to global disruptions. The sector rebounded significantly in 2021 (25.6%) and continued this momentum in the subsequent years. As of 2023, production stood at 12.04 billion euros.
Looking ahead to the forecasted period (2024-2028), the sector is expected to maintain steady growth with a forecasted five-year CAGR of 3.51%. This consistent upward trend suggests a strong recovery and positive long-term outlook.
Future trends to watch for include the integration of advanced technologies such as AI and IoT in rail operations, increased investment in infrastructure, and a shift towards more sustainable and energy-efficient rail solutions. Moreover, the focus on high-speed rail networks and urban transit expansion will likely drive further growth in this sector.