In 2023, Germany led European production of hand tools, holding an 87% share by kilograms, reflecting a stable growth rate of 1.92% annually. France saw a decline of 3.9%, with its share dropping to 6.52%. Spain increased its share by 9.28%, reaching 3.44%. Austria and Italy faced declines at rates of -1.12% and -3.1%, respectively. Finland experienced a strong recovery, increasing by 8.0% to 0.28%, while Denmark continued a downward trend of -5.92% to 0.12%. Croatia showed slight growth at 0.19%, maintaining a minimal share of 0.026%.
Future trends to watch include technological advancements in manufacturing and potential shifts in demand, particularly in emerging markets within Europe. Sustainability and innovation might drive increased competition among European countries as they aim to improve their production efficiency and address environmental concerns, potentially altering the market shares observed in 2023.
Top countries in Sold Production of Pliers, Including Cutting Pliers, Pincers and Tweezers for Non-Medical Use and Similar Hand Tools of Base Metal Share by Country (Kilograms)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 87 | 2023 | +1.69% | +1.92% | View data |
| 2 | 2 France | 6.52 | 2023 | +0.33% | -3.9% | View data |
| 3 | 3 Spain | 3.44 | 2023 | +9.63% | +9.28% | View data |
| 4 | 4 Austria | 1.3 | 2023 | -1.31% | -1.12% | View data |
| 5 | 5 Italy | 0.78 | 2023 | +0.53% | -3.1% | View data |
| 6 | 6 Finland | 0.28 | 2023 | +26.02% | +8% | View data |
| 7 | 7 Denmark | 0.12 | 2023 | -4.3% | -5.92% | View data |
| 8 | 8 Croatia | 0.026 | 2023 | +3.85% | +0.19% | View data |
