Europe's gear box production in 2023 was dominated by Czechia, contributing significantly to the market share, followed by Slovakia and Germany. Notable growth was seen in Denmark, Estonia, and Hungary, with year-on-year increases of 16.13%, 125.24%, and 4.42% respectively. In contrast, there were declines in the United Kingdom, Sweden, and France. Over the past five years, the market has seen varying trends with significant growth in niche countries like Estonia. This suggests potential shifts in production dynamics.
Looking forward, attention should be paid to technological advancements, changes in automotive demand, and environmental regulations that might influence production and distribution within Europe. Strategic investments in innovation and expanding partnerships across countries could play key roles in enhancing production efficiencies and expanding market shares.
Top countries in Sold Production of Gear Boxes and Their Parts Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czechia | 27.95 | 2023 | |||
| 2 | 2 Slovakia | 17.94 | 2023 | +5.79% | +2.35% | View data |
| 3 | 3 Germany | 13.59 | 2023 | +7.63% | +3.73% | View data |
| 4 | 4 Spain | 11.36 | 2023 | +5.46% | +1.12% | View data |
| 5 | 5 France | 7.24 | 2023 | +1.29% | -2% | View data |
| 6 | 6 Portugal | 4.01 | 2023 | +7.79% | -0.18% | View data |
| 7 | 7 Hungary | 3.72 | 2023 | +3.14% | +4.42% | View data |
| 8 | 8 Austria | 3.62 | 2023 | +4.84% | +4.41% | View data |
| 9 | 9 Italy | 3.29 | 2023 | +2.05% | +1.59% | View data |
| 10 | 10 Sweden | 3.22 | 2023 | +0.24% | -3.3% | View data |
