The sold production of railway locomotives and rolling stock in Germany exhibited fluctuations over the past decade, reaching 5.31 billion Euros in 2023. While there was a peak in 2014, the subsequent years saw a series of ups and downs. From 2018 to 2023, the industry experienced moderate growth with a 2023 year-on-year increase of 2.4%. The five-year Compound Annual Growth Rate (CAGR) stands at 1.26%.
Looking forward, the forecasted data indicates a steady increase from 2024 to 2028, projecting an average annual growth rate of 1.71%. This trend suggests cautious optimism for the sector.
Future trends to watch for:
- Technological advancements in locomotive design and energy efficiency.
- Government policies and investments in green transportation infrastructure.
- Global shifts in supply chain dynamics and raw material costs.