The sold production of locomotives or rolling-stock parts in Finland has experienced significant fluctuations over the years. Starting from 2013, there was a notable increase of 230.65% year-on-year, with a CAGR of 41.15%. However, this growth was not consistent, as seen in 2014 (-19.82% YoY) and 2015 (-10.78% YoY). A major decline occurred in 2016 (-50.21% YoY), but the market rebounded in 2017 with a 96.69% increase.
The market faced a significant dip again in 2018 (-60.62% YoY) with a negative CAGR. It showed improvement in 2019 (61.77% YoY) and 2020 (11.32% YoY), slowly recovering. A remarkable surge happened in 2021 with a 253.92% increase, stabilizing with slight decreases in the subsequent years. As of 2023, the market stood at 15.268 million Euros, showing a 6.1% growth year-on-year and a 43.39% CAGR over the last 5 years.
Looking forward, the forecast indicates moderate growth from 2024 to 2028, with an average CAGR of 3.89% and an overall growth rate of 21.01%. Future trends to watch for include technological advancements in rolling-stock parts, potential market expansions, and the impact of global supply chain dynamics on production volumes. Additionally, sustainability measures and innovations in the railway sector could further influence market trends.
