In 2023, Germany led Europe's production of moulded rubber articles for vehicles, holding a significant market share despite a slight decline of 1.31%. Poland and Czechia emerged as strong players, with Poland experiencing a notable 3.38% increase. Countries such as Italy, France, and the UK faced declines, with Italy showing a substantial drop of 11.35%. Finland and Romania displayed the most growth, with Finland seeing a 6.28% increase. Austria and Sweden maintained relative stability, while Lithuania slightly decreased. The market remains diverse, with various growth and decline trends across different countries.
Future trends to watch include:
- The impact of sustainability efforts and regulatory changes on production and materials.
- The potential for Eastern European countries, such as Poland and Romania, to gain more market share.
- Technological advancements leading to increased efficiency and innovation in production processes.
- Volatility in the UK market following recent contractions suggests an area for potential recovery strategies.
Top countries in Sold Production of Moulded Rubber Articles for Tractors and Motor Vehicles Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.77 | 2023 | +4.01% | -1.31% | View data |
| 2 | 2 Poland | 14.29 | 2023 | +3.09% | +3.38% | View data |
| 3 | 3 Czechia | 12.74 | 2023 | |||
| 4 | 4 Spain | 11.03 | 2023 | +3.8% | -0.012% | View data |
| 5 | 5 Italy | 10.03 | 2023 | -5.97% | -11.35% | View data |
| 6 | 6 France | 9 | 2023 | +9.27% | -1.08% | View data |
| 7 | 7 Portugal | 5.82 | 2023 | +4.05% | -0.98% | View data |
| 8 | 8 Romania | 4.83 | 2023 | +4.74% | +4.64% | View data |
| 9 | 9 Austria | 2.44 | 2023 | +3.01% | +0.084% | View data |
| 10 | 10 Sweden | 2.4 | 2023 | +8.6% | -0.22% | View data |
