The industrial machinery and equipment production value in Europe displayed varied trends across countries in 2023. Germany leads with the highest production value despite moderate growth, while France and Italy experienced declines. Belgium and Poland showed significant advancements. Smaller countries like Bosnia and Herzegovina and Croatia also saw notable increases. On average, Northern and Eastern Europe experienced moderate growth, whereas some Western European countries faced slight reductions or stagnation.
Future trends to watch include technological advancements and automation, which may boost production capacity and efficiency. Economic shifts in response to geopolitical tensions, energy security, and sustainability initiatives will further influence industrial machinery and equipment production across Europe.
Top countries in Installation of Industrial Machinery and Equipment Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18,470 | 2023 | +1.68% | +1.59% | View data |
| 2 | 2 France | 11,480 | 2023 | -0.91% | -1.9% | View data |
| 3 | 3 Italy | 5,300 | 2023 | +0.45% | -5.21% | View data |
| 4 | 4 Belgium | 3,490 | 2023 | +11.01% | +8.26% | View data |
| 5 | 5 Netherlands | 3,440 | 2023 | +2.99% | +2.12% | View data |
| 6 | 6 United Kingdom | 3,360 | 2023 | +0.086% | +1.19% | View data |
| 7 | 7 Poland | 3,220 | 2023 | +4.22% | +8.64% | View data |
| 8 | 8 Austria | 2,700 | 2023 | +4.91% | +2.42% | View data |
| 9 | 9 Spain | 1,720 | 2023 | +0.6% | +0.056% | View data |
| 10 | 10 Czech Republic | 1,660 | 2023 | +1.89% | +1.03% | View data |
