The European market for machine tools specialized in working wood, cork, bone, hard rubber, hard plastics, or similar hard materials is dominated by Germany and Italy, contributing 45.85% and 32.74% respectively. Other contributors include Austria at 4.78% and Finland at 2.91%. Germany saw a decline of 1.27% in 2023, while Austria and Finland experienced growth of 5.76% and 7.57%, respectively. Smaller markets like Estonia and Denmark witnessed robust growth, with increases of 12.81% and 7.63%. Slovakia, however, saw a significant decline of 20.8%, and Portugal experienced a slight drop of 0.96%.
Looking forward, the European machine tool market is expected to witness shifts as countries like Estonia and Denmark continue on an upward trajectory. Innovations in manufacturing and sustainability may also drive trends. Monitoring the performance of middle-tier countries like Poland and Spain will be crucial as they could pivot from being emerging players to significant contributors.
Top countries in Sold Production of Machine Tools for Working Wood, Cork, Bone, Hard Rubber, Hard Plastics or Similar Hard Materials Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 45.85 | 2023 | +1.09% | -1.27% | View data |
| 2 | 2 Italy | 32.74 | 2023 | +8.59% | -0.24% | View data |
| 3 | 3 Austria | 4.78 | 2023 | +4.55% | +5.76% | View data |
| 4 | 4 Finland | 2.91 | 2023 | +8.95% | +7.57% | View data |
| 5 | 5 Poland | 2.87 | 2023 | +4.4% | +3.46% | View data |
| 6 | 6 Spain | 2.31 | 2023 | +10.28% | +1.07% | View data |
| 7 | 7 Denmark | 1.6 | 2023 | +10.62% | +7.63% | View data |
| 8 | 8 United Kingdom | 1.24 | 2023 | +3.24% | +6.15% | View data |
| 9 | 9 Slovenia | 1.18 | 2023 | +6.33% | +6.75% | View data |
| 10 | 10 France | 1.14 | 2023 | +8.73% | +3.65% | View data |
