The European railway locomotives and rolling stock market showed varied trends by country in 2023. Germany led with a turnover of 6.51 billion Euros but experienced a slight decline of 0.86% year-on-year. Spain and Switzerland saw notable growths of 3.3% and 5.7% respectively, with Spain achieving 3.84 billion Euros. France followed with 3.8 billion Euros but had a minor decrease of 0.18%. Countries such as Poland, Slovakia, Romania, and Bulgaria displayed positive growth rates, ranging from 3.23% to 7.02%. On the other hand, Belgium, Croatia, and Portugal experienced declines, with Belgium notably seeing a sharp drop of 13.02%. Greece, however, witnessed substantial growth of 34.94%, despite having a lower turnover figure. The average year-on-year growth across the entire sector varied significantly among different countries.
Future trends to watch include increasing investments in modernizing rolling stock, a shift towards greener technologies, and potential expansion in Eastern European markets. Enhanced EU funding and infrastructure projects could further influence market dynamics positively, while economic and geopolitical uncertainties remain as potential challenges.
Top countries in Railway Locomotives and Rolling Stock Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,510 | 2023 | +4.36% | -0.86% | View data |
| 2 | 2 Spain | 3,840 | 2023 | +3.74% | +3.3% | View data |
| 3 | 3 France | 3,800 | 2023 | -0.64% | -0.18% | View data |
| 4 | 4 Switzerland | 3,260 | 2023 | +4.16% | +5.7% | View data |
| 5 | 5 Poland | 2,340 | 2023 | +5.16% | +6.72% | View data |
| 6 | 6 Czech Republic | 1,170 | 2023 | -0.026% | -0.027% | View data |
| 7 | 7 Sweden | 769.9 | 2023 | +3.68% | -0.15% | View data |
| 8 | 8 Slovakia | 492.3 | 2023 | +4.75% | +7.02% | View data |
| 9 | 9 Romania | 335.2 | 2023 | -3.09% | +3.23% | View data |
| 10 | 10 Bulgaria | 142.3 | 2023 | +1.5% | +5.81% | View data |
