In 2023, Germany dominated the European sold production of machine tool parts and accessories, holding a significant share. Italy and Finland followed, showcasing notable growth, with Italy experiencing a remarkable 32.33% increase year-on-year. Czechia and Poland displayed strong positions, with Poland's output increasing by over 11%. Among the smaller markets, Slovenia, Romania, and Slovakia exhibited growth, while Sweden and the UK saw declines. Austria also maintained a steady presence with moderate growth.
Looking to the future, monitoring technological advancements and production efficiency improvements will be crucial, especially in major markets like Germany and Italy. Potential shifts in trade policies and environmental regulations could impact production and supply chains. Further, increased digitalization and automation in manufacturing processes may lead to a reshuffling of market shares as countries strive to enhance their competitive advantage.
Top countries in Sold Production of Parts and Accessories of Machine Tools (Including Machines for Nailing, Stapling, Glueing or Otherwise Assembling) 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 | 55.78 | 2023 | +4.06% | +5.62% | View data |
| 2 | 2 Italy | 11.93 | 2023 | +1.67% | +32.33% | View data |
| 3 | 3 Finland | 5.91 | 2023 | +10.14% | +1.5% | View data |
| 4 | 4 Czechia | 5.88 | 2023 | |||
| 5 | 5 Poland | 4.91 | 2023 | +5.7% | +11.36% | View data |
| 6 | 6 Austria | 4.88 | 2023 | +9.66% | +6.38% | View data |
| 7 | 7 Slovenia | 3.07 | 2023 | +4.49% | +4.18% | View data |
| 8 | 8 Sweden | 2.94 | 2023 | +4.6% | -9.26% | View data |
| 9 | 9 Spain | 2.18 | 2023 | +2.35% | +2.73% | View data |
| 10 | 10 United Kingdom | 2.05 | 2023 | -0.67% | -1.3% | View data |
