The European transport equipment manufacturing sector in 2023 was dominated by Germany, with manufacturing output valued at 496.17 billion euros. Italy and Spain followed with outputs of 96.99 and 91.05 billion euros, respectively. Notable growth occurred in Lithuania and Estonia, with a year-on-year increase of 13.87% and 10.5%, respectively, while the Netherlands and Slovenia experienced declines, recording decreases of 0.57% and 1.14%.
Future trends to watch include the potential for further significant growth in Eastern European countries. These regions may benefit from expanding manufacturing capabilities and investments, indicating an evolving landscape within the European transport equipment manufacturing market. Monitoring regulatory changes and technological innovations will be crucial for understanding the sector's trajectory. Additionally, how countries adapt to sustainability demands and digital transformations will significantly impact future outputs and competitiveness.
Top countries in Transport Equipment Manufacturing Output by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 496,170 | 2023 | +5.13% | +1.16% | View data |
| 2 | 2 Italy | 96,990 | 2023 | +4.11% | +0.13% | View data |
| 3 | 3 Spain | 91,050 | 2023 | +5.29% | +1.55% | View data |
| 4 | 4 Austria | 24,000 | 2023 | +3.49% | +1.15% | View data |
| 5 | 5 Netherlands | 23,750 | 2023 | +2.12% | -0.57% | View data |
| 6 | 6 Slovenia | 3,690 | 2023 | +2.95% | -1.14% | View data |
| 7 | 7 Lithuania | 1,210 | 2023 | +10.74% | +13.87% | View data |
| 8 | 8 Estonia | 843.64 | 2023 | +5.66% | +10.5% | View data |
| 9 | 9 Latvia | 363.09 | 2023 | +3.47% | +1.98% | View data |
| 10 | 10 Cyprus | 17.5 | 2023 | +1.16% | +0.35% | View data |
