In 2023, Germany dominated the European sold production market of mechanical properties testing machines with a share of 72.91%, exhibiting a minor year-on-year growth of 0.23%. The United Kingdom, with a 12.9% share, experienced a decline of 1.9%. Spain's share increased significantly by 8.91% to reach 8.78%. Meanwhile, Italy held a 5.32% share but declined by 3.18%. Austria saw an increase of 4.61%, achieving a 3.03% share. Finland and France experienced minor changes at -1.5% and 2.7%, holding 1.92% and 1.29%, respectively. Portugal maintained a small footprint with a 1.11% share.
Future trends to watch include:
- The potential shift in production centers within Europe due to evolving industrial policies.
- Technological advancements leading to superior testing machines and influencing market shares.
- Economic factors in the European Union affecting regional production capabilities and competitive dynamics.
Top countries in Sold Production of Mechanical Properties Testing Machines Share by Country (Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 72.91 | 2023 | +4.27% | +0.23% | View data |
| 2 | 2 United Kingdom | 12.9 | 2023 | -0.67% | -1.9% | View data |
| 3 | 3 Spain | 8.78 | 2023 | +16.42% | +8.91% | View data |
| 4 | 4 Italy | 5.32 | 2023 | -0.25% | -3.18% | View data |
| 5 | 5 Austria | 3.03 | 2023 | +8.17% | +4.61% | View data |
| 6 | 6 Finland | 1.92 | 2023 | +2.79% | -1.5% | View data |
| 7 | 7 France | 1.29 | 2023 | +4.22% | +2.7% | View data |
| 8 | 8 Portugal | 1.11 | 2021 | View data |
