In 2023, Russia dominated the European market of hauled railway vehicles with electric locomotives, contributing significantly to the million tonne kilometers, followed by Poland and Sweden. Notably, Hungary experienced the highest annual growth rate with a 3.44% increase, while Macedonia saw a sharp decline of 14.62%. Overall, the compound annual growth rate over the past five years indicated a diversified trend with varying performance across countries.
Future trends to watch in the European railway sector include:
- Continued technological advancements and investments in railway infrastructure.
- Increased focus on sustainable energy sources and electrification of rail networks.
- Potential market expansion in Eastern Europe and other regions with underdeveloped rail systems.
Top countries in Movements of Hauled Railway Vehicles with Electric Locomotives Share by Country (Million Tonne Kilometers)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 90.44 | 2023 | +1% | +0.74% | View data |
| 2 | 2 Poland | 2.36 | 2023 | +0.98% | +0.72% | View data |
| 3 | 3 Sweden | 1.53 | 2023 | +0.64% | +0.46% | View data |
| 4 | 4 Austria | 1.31 | 2023 | -0.11% | +0.2% | View data |
| 5 | 5 Hungary | 1.06 | 2023 | +2.74% | +3.44% | View data |
| 6 | 6 Belarus | 1 | 2023 | +2.14% | +1.14% | View data |
| 7 | 7 Czech Republic | 0.97 | 2023 | +1.02% | +0.39% | View data |
| 8 | 8 Slovakia | 0.52 | 2023 | +1.51% | +0.81% | View data |
| 9 | 9 Finland | 0.5 | 2023 | +0.77% | +0.31% | View data |
| 10 | 10 Slovenia | 0.16 | 2023 | +1.17% | +1.24% | View data |
