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Germany
DE WZ C30.20DE | Industry Report

Railway Equipment Manufacturing in Germany Industry Data and Analysis

AS
Ashkan Salim
Analyst Frankfurt, Germany January 2026

Over the last five years, the German rail vehicle industry has changed considerably. Following several takeovers and mergers, including the integration of Bombardier's train division into Alstom, the market has become increasingly consolidated. International competitors such as the China Railway Rolling Stock Corporation have increased the pressure on German manufacturers and led to efficiency gains and increased partnerships within the industry. At the same time, the importance of digital control systems, CBTC signalling technology and automated operating models has increased. Manufacturers such as Siemens, Stadler and Alstom have adapted their development and production structures in order to fulfil increasing demands for sustainability, automation and reliability. In addition, the share of hybrid and electrified drives has risen sharply, characterising the technological transformation of the industry and opening up new market segments. The industry's turnover has fallen by an average of 3% per year since 2021 to 6.6 billion euros. However, this is not due to a lack of orders, but to delays in production.

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What's included in this industry analysis

IBISWorld's research coverage on the Railway Equipment Manufacturing industry in Germany includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.

About this industry

What's this industry report about?

The Railway Equipment Manufacturing industry in Germany operates under the WZ industry code C30.20DE. 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. 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.

What's included in this industry?

Products and services covered in Railway Equipment Manufacturing industry in Germany include Rail vehicles and parts of rail vehicles, Maintenance and basic refurbishment of rail vehicles and Other products and services.

What companies are included in this industry?

Companies covered in the Railway Equipment Manufacturing industry in Germany include Alstom S. A., Siemens Mobility GmbH and Stadler Deutschland GmbH.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Railway Equipment Manufacturing industry in Germany.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Railway Equipment Manufacturing industry in Germany.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Railway Equipment Manufacturing industry in Germany.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Railway Equipment Manufacturing industry in Germany. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Railway Equipment Manufacturing industry in Germany. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Railway Equipment Manufacturing industry in Germany. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Railway Equipment Manufacturing industry in Germany. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Railway Equipment Manufacturing industry in Germany.

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Frequently Asked Questions

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.

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