In 2023, Germany led the European sold production of sheet metal forming of steel as parts for electrical machinery and equipment with 1.0823 billion euros, despite a slight decrease of 0.18% from 2022. Italy showed significant growth at 4.74%, reaching 0.72858 billion euros. France and the UK saw declines of 0.62% and 10.49%, respectively. Spain and the Netherlands reported increases of 3.77% and 5.82%, while Austria experienced a slight decrease of 0.91%. The smallest producers, Estonia and Portugal, were marked by a positive 6.83% growth and minimal production, respectively.
Future trends to watch include:
- The potential for Germany and Italy to maintain leadership through technological advancements and increased export demand.
- The recovery opportunities for the UK market amidst recent declines.
- Growth potential in emerging markets like Estonia as they capitalize on niche production capabilities.
- Overall market stability with continued European focus on sustainable production practices.
Top countries in Sold Production of Sheet Metal Forming of Steel As Parts for Electrical Machinery and Equipment by Country
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,082,300,000 | 2023 | +1.38% | -0.18% | View data |
| 2 | 2 Italy | 728,580,000 | 2023 | +2.04% | +4.74% | View data |
| 3 | 3 France | 398,510,000 | 2023 | +4.41% | -0.62% | View data |
| 4 | 4 Spain | 83,428,000 | 2023 | +5.56% | +3.77% | View data |
| 5 | 5 Netherlands | 72,323,000 | 2023 | +18.66% | +5.82% | View data |
| 6 | 6 United Kingdom | 60,061,000 | 2023 | -14.67% | -10.49% | View data |
| 7 | 7 Austria | 14,700,000 | 2023 | +1.61% | -0.91% | View data |
| 8 | 8 Estonia | 1,306,400 | 2023 | +8.95% | +6.83% | View data |
| 9 | 9 Portugal | 125,000 | 2021 | +324% | +56.76% | View data |
