Industry Statistics and Trends
Market size and recent performance (2016-2031)
Industry revenue has declined at a CAGR of 3.0 % over the past five years, to reach an estimated €6.6bn in 2026.
Trends and Insights
Alstom expands its market leadership in rail vehicle construction in Germany with orders worth billions in July 2024
- In July 2024, Alstom received two major orders in the field of rail vehicle construction in Germany. Alstom will supply a total of 90 Adessia Stream electric multiple units for the Cologne S-Bahn. These vehicles are designed for regional transport and are characterised by barrier-free access, modern passenger information systems and technically efficient components. In addition, Alstom will maintain the entire fleet for 34 years. For Hamburger Hochbahn, the framework agreement covers up to 374 new-generation underground trains, which were primarily developed for automated operation, particularly on the future underground line U5. The trains offer spacious multi-purpose areas, advanced air conditioning and driverless technologies that maximise both comfort and operational benefits.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2026-2031)
Market size is projected to grow over the next five years.
Trends and Insights
Ambitious climate targets drive strong demand for new rail vehicles and innovative railway technology
- Rail freight transport is set to achieve a market share of at least 25% by 2030 (compared to around 20% in 2019), while passenger numbers are set to double by comparison. For long-distance transport alone, this means an increase from 151 million passengers in 2019 to around 300 million in 2030. The Deutschlandtakt - a comprehensive, integrated timetable - forms the infrastructural basis for this change and requires a systematic expansion of the rail network. These goals are anchored in the national climate protection strategy and serve to decarbonise the transport sector.
Biggest companies in the Railway Equipment Manufacturing in Germany
| Company | Market Share (%)
2026 | Revenue (€m)
2026 |
|---|---|---|
Alstom S. A. | 2,649.3 | |
Siemens Mobility GmbH | 1,642.7 | |
Stadler Deutschland GmbH | 455.6 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Rail vehicles and parts of rail vehicles, Maintenance and basic refurbishment of rail vehicles and Other products and services. Rail vehicles and parts of rail vehicles is the largest segment of the Railway Equipment Manufacturing in Germany.
Trends and Insights
High infrastructure investments lead to an increasing share of sales of rail vehicles and parts of rail vehicles
- Rail vehicles are trains, trams, underground trains and other means of public transport that run on rails. Rail vehicle parts are components for the construction and maintenance of rail vehicles, such as bogies, axles, wheels and braking devices.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The rail vehicle construction sector includes the manufacture of railcars as well as passenger and freight wagons. The manufacture of rail vehicle parts and factory overhauls are also included in the industry. The manufacture of engines, on the other hand, is not part of the industry. Rail vehicle construction also includes the manufacture of (electro)mechanical signalling, safety and monitoring technology for rail networks and other transport networks.
What's included in this industry?
Products and services covered in the Railway Equipment Manufacturing industry in Germany include Rail vehicles and parts of rail vehicles, Maintenance and basic refurbishment of rail vehicles, Signalling technology and Monitoring and control devices.Companies
Companies covered in the Railway Equipment Manufacturing industry in Germany include Alstom S. A., Siemens Mobility GmbH and Stadler Deutschland GmbH.Purchase this report to view all 4 major companies in this industry.
Related Terms
Related terms covered in the Railway Equipment Manufacturing industry in Germany include intercity-express (ice), local public transport (public transport), factory overhaul, additions and bobo locomotive.Industry Code
WZ 30.20 - Railway Equipment Manufacturing in Germany
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Extensive government investment in infrastructure and climate protection is giving the industry new impetus. At the same time, bureaucratic procedures and slow procurement pr...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2016-2025) and forecast (2026-2031)
- Employees, including historical (2016-2025) and forecast (2026-2031)
- Businesses, including historical (2016-2025) and forecast (2026-2031)
- Profit, including historical (2016-2026)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The industry companies generate the largest share of their sales from the manufacture of rail vehicles and parts for them. In the coming years, rail vehicle manufacturers are...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2026
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2026
- Major market segmentation in 2026
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Eastern Germany has the most companies in the sector, with the rail vehicle cluster in the Berlin-Brandenburg region. Saxony also plays an important role in rail vehicle cons...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2026
Tables
- Number and share of establishments in each region in 2026
- Number and share of revenue each region accounts for in 2026
- Number and share of wages each region accounts for in 2026
- Number and share of employees in each region in 2026
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The industry is dominated by a few large rail vehicle manufacturers. In addition, there are a large number of smaller companies that mainly carry out subcontracting activitie...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2021-2026
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The market leaders Alstom and Siemens have recently won further major contracts. While Alstom has been commissioned by the state of Baden-Württemberg to produce regional trai...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2022 through 2026
- Major companies in the industry, including market share, revenue, profit and profit margin in 2026
- Overview of Alstom S. A.'s performance by revenue, market share and profit margin from 2020 through 2026
- Overview of Siemens Mobility GmbH's performance by revenue, market share and profit margin from 2020 through 2026
- Overview of Stadler Deutschland GmbH's performance by revenue, market share and profit margin from 2020 through 2026
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Alstom S. A., and factors influencing its performance in the industry
- Description and key data for Siemens Mobility GmbH, and factors influencing its performance in the industry
- Description and key data for Stadler Deutschland GmbH, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
High steel prices are affecting the industry's development. An increase in the price of this raw material is reflected in higher prices for industry products, which postpones...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2016-2031)
- Assistance historical data and forecast (2016-2031)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Rail vehicle manufacturers are subject to strong price pressure due to their dependence on public tenders. The prices offered during development and production often turn out...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2026
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2026
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2016-2031)
- Revenue per Employee (2016-2031)
- Revenue per Enterprise (2016-2031)
- Employees per Establishment (2016-2031)
- Employees per Enterprise (2016-2031)
- Average Wage (2016-2031)
- Wages/Revenue (2016-2031)
- Establishments per Enterprise (2016-2031)
- IVA/Revenue (2016-2031)
- Imports/Demand (2016-2031)
- Exports/Revenue (2016-2031)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2016-2031)
- IVA (2016-2031)
- Establishments (2016-2031)
- Enterprises (2016-2031)
- Employment (2016-2031)
- Exports (2016-2031)
- Imports (2016-2031)
- Wages (2016-2031)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Railway Equipment Manufacturing industry in Germany in 2026?
The market size of the Railway Equipment Manufacturing industry in Germany is €6.6bn in 2026.
How many businesses are there in the Railway Equipment Manufacturing industry in Germany in 2026?
There are 127 businesses in the Railway Equipment Manufacturing industry in Germany, which has declined at a CAGR of 1.5 % between 2021 and 2026.
How may import tariffs affect the Railway Equipment Manufacturing industry in Germany?
The Railway Equipment Manufacturing industry in Germany is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Railway Equipment Manufacturing industry in Germany?
The Railway Equipment Manufacturing industry in Germany is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Railway Equipment Manufacturing industry in Germany grown or declined over the past 5 years?
The market size of the Railway Equipment Manufacturing industry in Germany has been declining at a CAGR of 3.0 % between 2021 and 2026.
What is the forecast growth of the Railway Equipment Manufacturing industry in Germany over the next 5 years?
Over the next five years, the Railway Equipment Manufacturing industry in Germany is expected to grow.
What are the biggest companies in the Railway Equipment Manufacturing industry in Germany?
The biggest companies operating in the Railway Equipment Manufacturing industry in Germany are Alstom S. A., Siemens Mobility GmbH and Stadler Deutschland GmbH
What does the Railway Equipment Manufacturing industry in Germany include?
Rail vehicles and parts of rail vehicles and Maintenance and basic refurbishment of rail vehicles are part of the Railway Equipment Manufacturing industry in Germany.
Which companies have the highest market share in the Railway Equipment Manufacturing industry in Germany?
The company holding the most market share in the Railway Equipment Manufacturing industry in Germany is Alstom S. A..
How competitive is the Railway Equipment Manufacturing industry in Germany?
The level of competition is high and increasing in the Railway Equipment Manufacturing industry in Germany.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Germany include:
- German Federal Statistics Office (Destatis)
- European Statistics Office (Eurostat)
- United Nations Comtrade
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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