In 2023, Germany led the European market for railway and tramway locomotives and rolling-stock sold production, capturing a significant share of 19.31%. The UK and Spain followed with shares of 18.69% and 12.83%, respectively. Among notable year-on-year variations, Finland saw a remarkable increase of 44.25%, whereas the Netherlands experienced a decline of 15.75%. Over the past five years, the market has shown steady growth with significant contributions from Austria and Sweden, showcasing year-on-year growth of 7.08% and 5.12% respectively in 2023.
Future trends to watch include:
- Increased digitalization and automation across the industry, driving demand for advanced signalling and traffic control systems.
- Growing investments in sustainable and green railway solutions, particularly in Germany and the United Kingdom.
- Continued expansion in Eastern European countries, as they modernize their railway infrastructure with EU support.
- Potential shifts in market dynamics driven by geopolitical factors and supply chain restructuring in response to global uncertainties.
Top countries in Sold Production of Railway and Tramway Locomotives and Rolling-Stock and of Signalling, Safety or Traffic Control Equipment Repair and Maintenance Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19.31 | 2023 | +2.23% | +3.24% | View data |
| 2 | 2 United Kingdom | 18.69 | 2023 | +2.6% | +2.42% | View data |
| 3 | 3 Spain | 12.83 | 2023 | +3.24% | +3.7% | View data |
| 4 | 4 Italy | 11.26 | 2023 | +7.39% | +1.55% | View data |
| 5 | 5 Austria | 6.52 | 2023 | +2.47% | +7.08% | View data |
| 6 | 6 Sweden | 6.45 | 2023 | +3.93% | +5.12% | View data |
| 7 | 7 France | 5.13 | 2023 | +3.74% | +3.83% | View data |
| 8 | 8 Poland | 4.06 | 2023 | +3.25% | +4.45% | View data |
| 9 | 9 Czechia | 3.03 | 2023 | |||
| 10 | 10 Norway | 1.53 | 2021 | +14.56% | View data |
