In 2023, Germany led the European fasteners and screw machine products market with the highest turnover, despite a slight decline. France showed significant growth, followed by slight declines in Italy, Poland, and Spain. The UK showed modest growth. Noteworthy growth rates included a surge in the Czech Republic and Bosnia and Herzegovina, while Finland and Serbia experienced declines. The market demonstrated varied country-specific performance.
Future trends to watch include potential market stabilization in key Western European countries and emerging growth opportunities in Eastern Europe, driven by industrial expansion and innovation in manufacturing processes. Additionally, sustainability practices and technological advancements may redefine market dynamics.
Top countries in Fasteners and Screw Machine Products Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 36.41 | 2023 | +4.94% | -0.022% | View data |
| 2 | 2 France | 19.83 | 2023 | +9.2% | +3.57% | View data |
| 3 | 3 Italy | 17.8 | 2023 | +3.11% | -1.31% | View data |
| 4 | 4 United Kingdom | 6.13 | 2023 | +1.16% | +1.59% | View data |
| 5 | 5 Poland | 4.89 | 2023 | +0.77% | -0.15% | View data |
| 6 | 6 Spain | 4.15 | 2023 | +4.22% | -0.84% | View data |
| 7 | 7 Czech Republic | 3.86 | 2023 | +8.83% | +5.61% | View data |
| 8 | 8 Sweden | 2.26 | 2023 | +6.46% | -1.64% | View data |
| 9 | 9 Belgium | 1.11 | 2023 | +2.67% | +2.89% | View data |
| 10 | 10 Croatia | 0.55 | 2023 | +7.58% | -1.65% | View data |
