In 2023, France led European sold production in the repair and maintenance of machinery for mining, quarrying, and construction with 19.73%. It was followed by Poland (15.83%) and Germany (15.6%). While larger economies showed modest growth, standout year-on-year increases were observed in Spain (11.02%), Romania (6.94%), and Estonia (62.99%). Conversely, the UK and Croatia experienced notable declines with -5.23% and -12.48%, respectively. Noteworthy five-year average growth was also seen in smaller markets like Estonia and Ireland, suggesting potential future opportunities.
Future trends to watch include:
- The potential for further growth in emerging markets like Estonia and Ireland due to positive recent performances and economic development.
- Shifts in larger markets like Spain, which has recently demonstrated significant growth.
- The effect of economic challenges in the UK on maintenance demand, considering recent declines.
- Continued industrial technological advancements that may enhance repair efficiencies and influence production shares.
Top countries in Sold Production of Repair and Maintenance of Machinery for Mining, Quarrying and Construction Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 19.73 | 2023 | +3.23% | +6.2% | View data |
| 2 | 2 Poland | 15.83 | 2023 | +1.48% | +1.05% | View data |
| 3 | 3 Germany | 15.6 | 2023 | +4.26% | +1.84% | View data |
| 4 | 4 Norway | 12.87 | 2023 | +10.08% | -0.75% | View data |
| 5 | 5 Spain | 12.1 | 2023 | +7.58% | +11.02% | View data |
| 6 | 6 Austria | 5.28 | 2023 | +2.69% | -1.34% | View data |
| 7 | 7 United Kingdom | 4.93 | 2023 | -3.65% | -5.23% | View data |
| 8 | 8 Czechia | 3.15 | 2023 | |||
| 9 | 9 Denmark | 2.42 | 2023 | +20.54% | View data | |
| 10 | 10 Italy | 2.32 | 2023 | -5.94% | -2.62% | View data |
