Germany leads in turnover for European fasteners and screw machine products at 4.79 billion euros, though its market contracted by 2.2% in 2023. France follows with 2.61 billion euros, experiencing a healthy growth of 3.57%. Italy's market shrank slightly by 1.31%, valued at 2.34 billion euros. Other notable markets include the UK with 0.8055 billion euros, growing by 1.59%, and Poland at 0.6433 billion euros, showing a negligible decrease of 0.15%. Significant growth occurred in the Czech Republic (5.61%) and Bosnia and Herzegovina (6.58%).
Future trends to watch in the European fasteners and screw machine products market include potential growth opportunities in Eastern European countries, influenced by increasing industrialization and manufacturing activities. Additionally, the demand for customized and high-performance fastening solutions could drive innovation and competitiveness among market leaders.
Top countries in Fasteners and Screw Machine Products Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,790 | 2023 | +4.94% | -0.022% | View data |
| 2 | 2 France | 2,610 | 2023 | +9.2% | +3.57% | View data |
| 3 | 3 Italy | 2,340 | 2023 | +3.11% | -1.31% | View data |
| 4 | 4 United Kingdom | 805.5 | 2023 | +1.16% | +1.59% | View data |
| 5 | 5 Poland | 643.3 | 2023 | +0.77% | -0.15% | View data |
| 6 | 6 Spain | 545.8 | 2023 | +4.22% | -0.84% | View data |
| 7 | 7 Czech Republic | 507.9 | 2023 | +8.83% | +5.61% | View data |
| 8 | 8 Sweden | 296.6 | 2023 | +6.46% | -1.64% | View data |
| 9 | 9 Belgium | 146 | 2023 | +2.67% | +2.89% | View data |
| 10 | 10 Croatia | 72.4 | 2023 | +7.58% | -1.65% | View data |
