The European sold production of machinery for mining, quarrying, and construction in 2023 saw Denmark, Italy, and Germany as top performers, while Ireland experienced a substantial increase of over 200%. Finland and Serbia also posted significant growth, indicating sector opportunities. Conversely, countries like Spain and Estonia faced notable declines, alongside Bulgaria and Belgium. Over the past five years, trends point to mild fluctuations within the industry with some countries experiencing sharper changes, driven by technological advancements and economic conditions.
Looking ahead, watch for technological integration driving efficiency, sustainability measures influencing machinery demand, and shifting economic conditions affecting production. These elements will shape trends in the European machinery industry over the next few years.
Top countries in Sold Production of Machinery for Mining, Quarrying and Construction by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 244,680 | 2023 | +29.77% | -2.64% | View data |
| 2 | 2 Italy | 232,580 | 2023 | +6.76% | -0.55% | View data |
| 3 | 3 Germany | 223,980 | 2023 | +4.1% | -0.3% | View data |
| 4 | 4 Spain | 152,620 | 2023 | +5.51% | -4.05% | View data |
| 5 | 5 Portugal | 82,470 | 2023 | +3.89% | +4.46% | View data |
| 6 | 6 United Kingdom | 77,640 | 2023 | -2.55% | -4.71% | View data |
| 7 | 7 Ireland | 45,860 | 2023 | +48.81% | +209.3% | View data |
| 8 | 8 Finland | 35,560 | 2023 | +3.42% | +7.66% | View data |
| 9 | 9 France | 24,360 | 2023 | +5.29% | +0.13% | View data |
| 10 | 10 Croatia | 20,370 | 2023 | -6.53% | -5.51% | View data |
