In 2023, Germany leads the European market for light metal castings used in land vehicles, maintaining its dominant position with 44.08% of the market. Italy, Spain, and France follow, holding significant shares. Noteworthy trends include declining performance in France (-3.68%) and Sweden (-0.55%), contrasted by substantial growth in Portugal (+14.15%) and Romania (+6.83%). Hungary, the Netherlands, and Croatia also show promising growth. The year-on-year variations reveal a positive outlook, especially for newer markets such as Estonia and Croatia.
Future trends to watch include increased industrial advancements, specifically in hydrogen and electric vehicles, which could significantly reshape demand and production locations for light metal castings across Europe. Additionally, sustainability initiatives could shift preferences towards countries investing heavily in green technologies. Monitoring technological changes and regulatory impacts across regions will be crucial for companies aiming to maintain or grow their market share.
Top countries in Sold Production of Light Metal Castings for Land Vehicles Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 44.08 | 2023 | +8.83% | +0.68% | View data |
| 2 | 2 Italy | 17.47 | 2023 | +1.77% | +1% | View data |
| 3 | 3 Spain | 10.7 | 2023 | +9.02% | +1.04% | View data |
| 4 | 4 France | 7.51 | 2023 | +4.13% | -3.68% | View data |
| 5 | 5 Hungary | 5.15 | 2023 | +3.92% | +3.03% | View data |
| 6 | 6 Czechia | 4.44 | 2023 | |||
| 7 | 7 United Kingdom | 3.28 | 2023 | +0.2% | +1.23% | View data |
| 8 | 8 Sweden | 2.87 | 2023 | +7.37% | -0.55% | View data |
| 9 | 9 Netherlands | 1.98 | 2023 | +12.27% | +5.48% | View data |
| 10 | 10 Croatia | 1.08 | 2023 | +4.19% | +3.85% | View data |
