In 2023, Germany led the European machinery sector for mining, quarrying, and construction, with a production value of €15.31 billion, despite a slight decline of 0.68%. The UK and Finland showed positive growth at 1.28% and 1.91%, respectively. Notably, the Czech Republic exhibited substantial growth at 7.77%, while Spain experienced the most significant drop at 12.11%. The sector in Iceland displayed the highest growth rate at 12.47%, albeit from a small base.
Future trends to watch include potential technological advancements and increased investments in more sustainable machinery, which might drive growth in key countries like Germany and the UK. Monitoring environmental regulations and policies in Europe will be crucial as they may impact production and demand across the continent.
Top countries in Machinery for Mining, Quarrying and Construction Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 15,310 | 2023 | +4.52% | -0.68% | View data |
| 2 | 2 United Kingdom | 7,850 | 2023 | +2.28% | +1.28% | View data |
| 3 | 3 Sweden | 4,000 | 2023 | +0.38% | -1.96% | View data |
| 4 | 4 Italy | 3,700 | 2023 | +0.24% | -3.97% | View data |
| 5 | 5 Finland | 3,270 | 2023 | +3.19% | +1.91% | View data |
| 6 | 6 France | 2,310 | 2023 | +0.44% | -2.17% | View data |
| 7 | 7 Czech Republic | 1,590 | 2023 | +13.08% | +7.77% | View data |
| 8 | 8 Austria | 1,410 | 2023 | +4.7% | +2.37% | View data |
| 9 | 9 Poland | 1,250 | 2023 | +5.55% | -7.97% | View data |
| 10 | 10 Norway | 1,080 | 2023 | -0.11% | +1.48% | View data |
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