As of 2024, Italy leads European sold production of machine tools for drilling, boring, or milling metal with 41.36% share in units, followed by Spain at 37.2% and Germany at 13.02%. Italy saw a robust year-on-year increase of 27.06% in 2023, while Spain experienced a slight decline of 4.08% and Croatia dropped significantly by 11.06%. Noteworthy growth was also observed in Finland, up 23.16% year-on-year. Other countries face declining or stagnant shares, with significant drops noted in Poland and Slovakia.
Future trends to watch for include the potential impact of technological advancements, shifts in manufacturing power within Europe, and the increasing influence of environmental regulations on production processes. The focus may shift towards enhancing efficiency and precision in machine tools while balancing economic and environmental considerations.
Top countries in Sold Production of Machine Tools for Drilling, Boring or Milling Metal Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 41.36 | 2023 | +35.41% | +27.06% | View data |
| 2 | 2 Spain | 37.2 | 2023 | +0.49% | -4.08% | View data |
| 3 | 3 Germany | 13.02 | 2021 | -1.75% | -37.17% | View data |
| 4 | 4 Croatia | 8.36 | 2023 | -0.35% | -11.06% | View data |
| 5 | 5 Finland | 2.56 | 2023 | 0% | +23.16% | View data |
| 6 | 6 Poland | 1.43 | 2023 | -32% | -37.29% | View data |
| 7 | 7 Hungary | 0.96 | 2023 | +7.14% | View data | |
| 8 | 8 Czechia | 0.56 | 2021 | |||
| 9 | 9 Austria | 0.22 | 2023 | 0% | View data | |
| 10 | 10 Slovakia | 0.058 | 2023 | 0% | -14.97% | View data |
