In 2023, Italy led the European market for sold production of machinery for metallurgy, holding over half of the market share at 52.79%. Germany followed with 22.17%, and Austria with 16.47%. Smaller players included Slovenia, Czechia, and Spain, each with about 2% share. Year-on-year trends highlighted Italy's decline by 1.94% and notable growth in countries like Bulgaria, which increased by 10.32%. The UK experienced a considerable decline of 19.47%, while Austria and Slovenia saw gains of 2.39% and 4.5% respectively. Over the last five years, a moderate but varied growth trend was observed across different markets.
Looking ahead, the European market for metallurgy machinery could see growth influenced by technological advancements and sustainability trends. Market adaptation to green manufacturing processes and increased automation could reshape production capabilities and shares among countries. Monitoring innovations and policy shifts will be critical for future market leaders.
Top countries in Sold Production of Machinery for Metallurgy Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 52.79 | 2023 | -0.41% | -1.94% | View data |
| 2 | 2 Germany | 22.17 | 2023 | +6.01% | +1.56% | View data |
| 3 | 3 Austria | 16.47 | 2023 | +24.2% | +2.39% | View data |
| 4 | 4 Slovenia | 2.06 | 2023 | +3.14% | +4.5% | View data |
| 5 | 5 Czechia | 2 | 2023 | |||
| 6 | 6 Spain | 2 | 2023 | +9.75% | +1.3% | View data |
| 7 | 7 Sweden | 0.97 | 2023 | +0.15% | -7.42% | View data |
| 8 | 8 United Kingdom | 0.34 | 2023 | -26.4% | -19.47% | View data |
| 9 | 9 Portugal | 0.29 | 2023 | +11.9% | -4% | View data |
| 10 | 10 Finland | 0.24 | 2021 | +248.3% | +32.48% | View data |
