Industry Statistics and Trends
Railway Equipment Manufacturing in Europe key trends
Intense import competition weighs on revenue prospects.
Manufacturers come up against competition from foreign companies like China Railway Rolling Stock Corporation, the world's largest manufacturer of rail vehicles, weighing on revenue growth.
Manufacturers may start catering for autonomous trains.
Automation and AI will revolutionise the industry. Fully autonomous trains could dramatically improve transportation efficacy, safety and reliability while creating demand for high-value railway equipment.
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Railway Equipment Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Railway Equipment Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 7.1 % over the past five years, to reach an estimated €40.0bn in 2024.
Trends and Insights
Riding high: digitalisation fuels growth opportunities
- Digitalisation has transformed Europe's Railway Equipment Manufacturing industry. Advanced predictive maintenance, real-time data management and enhanced connectivity have raised demand for modern railway equipment.
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Railway Equipment Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Eastern European markets gain traction
- Eastern European markets will present vital growth areas for railway equipment manufacturers in the future, prompted by extensive railway renovations.
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Revenue
€40.0bn
Employees
336k
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Railway Equipment Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Alstom SA | 21,179.1 | 1,093.2 | 5.2 | |
Siemens Mobility GmbH | 11,095.4 | 909.0 | 8.2 | |
Stadler Rail AG | 4,124.3 | 226.8 | 5.5 |
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Railway Equipment Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Railway Equipment Manufacturing industry in Europe in 2024?
The market size of the Railway Equipment Manufacturing industry in Europe is €40.0bn in 2024.
How many businesses are there in the Railway Equipment Manufacturing in Europe industry in 2024?
There are 1,875 businesses in the Railway Equipment Manufacturing industry in Europe, which has declined at a CAGR of 0.6 % between 2019 and 2024.
Has the Railway Equipment Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Railway Equipment Manufacturing industry in Europe has been declining at a CAGR of 0.6 % between 2019 and 2024.
What is the forecast growth of the Railway Equipment Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Railway Equipment Manufacturing industry in Europe is expected to decline.
What are the biggest companies in the Railway Equipment Manufacturing market in Europe?
The biggest companies operating in the Railway Equipment Manufacturing market in Europe are Alstom SA, Siemens Mobility GmbH and Stadler Rail AG
What does the Railway Equipment Manufacturing in Europe include?
Self-propelled carriages and Carriages and goods wagons are part of the Railway Equipment Manufacturing industry.
Which companies have the highest market share in the Railway Equipment Manufacturing in Europe?
The company holding the most market share in Europe is Alstom SA.
Which countries have the most businesses in the Railway Equipment Manufacturing industry in Europe?
The European country with the most businesses in the Railway Equipment Manufacturing industry is Russia.
How competitive is the Railway Equipment Manufacturing industry in Europe?
The level of competition is moderate and increasing in the Railway Equipment Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Railway Equipment Manufacturing in Greece
- Railway Equipment Manufacturing in Russia
- Railway Equipment Manufacturing in Slovakia
- Railway Equipment Manufacturing in Hungary
- Railway Equipment Manufacturing in Turkey
- Railway Equipment Manufacturing in Finland
- Railway Equipment Manufacturing in Croatia
- Railway Equipment Manufacturing in Austria
- Railway Equipment Manufacturing in Romania
- Railway Equipment Manufacturing in Norway
- Railway Equipment Manufacturing in Italy
- Railway Equipment Manufacturing in Poland
- Railway Equipment Manufacturing in Latvia
- Railway Equipment Manufacturing in Bosnia & Herzegovina
- Railway Equipment Manufacturing in Spain
- Railway Equipment Manufacturing in France
- Railway Equipment Manufacturing in Lithuania
- Railway Equipment Manufacturing in the Netherlands
- Railway Equipment Manufacturing in Denmark
- Railway Equipment Manufacturing in Estonia
- Railway Equipment Manufacturing in Slovenia
- Railway Equipment Manufacturing in Europe
- Railway Equipment Manufacturing in Portugal
- Railway Equipment Manufacturing in Czechia
- Railway Equipment Manufacturing in Serbia
- Railway Equipment Manufacturing in Belgium
- Railway Equipment Manufacturing in Switzerland
- Railway Equipment Manufacturing in Sweden
- Railway Equipment Manufacturing in Bulgaria
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture railway locomotives and rolling stock. The industry also covers the production of signalling equipment and self-propelled carriages.
Related Terms
Rolling StockLocomotiveSelf-PropelledWhat's included in this industry?
Self-propelled carriagesCarriages and goods wagonsLocomotivesTrain partsCompanies
Alstom SASiemens Mobility GmbHStadler Rail AGIndustry Code
302 - Manufacture of railway locomotives and rolling stock in Europe
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Performance
Key Takeaways
Riding high: digitalisation fuels growth opportunities
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Railway Equipment Manufacturing in Europe industry (2011 -2029)
- Employees in the Railway Equipment Manufacturing in Europe industry (2011 -2029)
- Business in the Railway Equipment Manufacturing in Europe industry (2011 -2029)
- Profit in the Railway Equipment Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Railway Equipment Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Railway Equipment Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Railway Equipment Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Railway Equipment Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Electric and hydrogen trains present environmentally friendly options. Catering for the electrification of European rail networks has been the primary focus of train manufacturers. Hydrogen-propelled trains are gaining traction as the industry phases out diesel locomotives.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Railway Equipment Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Railway Equipment Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Railway Equipment Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Large rolling stock companies dominate. Parts suppliers have a small market share compared with the major train makers; Alstom SA, Siemens Mobility Gmbh and Stadler Rail AG all hold lucrative rolling stock contracts for passenger rail companies across Europe.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Alstom SA
- Countries of operation for Siemens Mobility GmbH
- Countries of operation for Stadler Rail AG
- Countries of operation for Hitachi Ltd
- Countries of operation for Construcciones y Auxiliar de Ferrocarriles SA
- Countries of operation for Knorr-Bremse AG
- Countries of operation for Skoda Transportation AS
- Countries of operation for DB Fahrzeuginstandhaltung GmbH
- Countries of operation for Lucchini RS SpA
- Countries of operation for Astra Rail Industries SA
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers must meet the Technical Specifications for Interoperability. These are designed to ensure interoperability between railroad systems in the European Economic Area and the UK, spelling out technical specifications for the vehicles, the infrastructure and the control systems.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Railway Equipment Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Soaring input costs eat into profitability. Steel prices shot up in 2021 and remained elevated into 2022, raising production costs for train producers and depressing profitability.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Railway Equipment Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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