In 2023, Germany dominated the European sold production of machine tools for working metal by removal of material by laser, ultrasonic, water-jet, and the like, holding a significant market share of 63.33%. France and the United Kingdom followed with shares of 11.93% and 6.4%, respectively. The largest growth over the past year was seen in Poland, which increased by 4.7%, while countries like Italy and Portugal experienced significant declines of 34.95% and 47.38% respectively. The overall trend indicates a contraction in major markets such as Germany and France, while emerging markets demonstrate potential for growth.
Looking forward, the European market for these machine tools may face shifts driven by advancements in automation and technological integration. Additionally, increasing demand from sectors like aerospace and automotive may support growth in certain regions. Watch for potential market entry by emerging economies, which could disrupt the current market structure. Environmental regulations and sustainability efforts in production could also influence future market dynamics.
Top countries in Sold Production of Machine Tools for Working Metal by Removal of Material by Laser, Ultrasonic, Water-Jet and the Like Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 63.33 | 2023 | +13.47% | -6.18% | View data |
| 2 | 2 France | 11.93 | 2023 | +22.41% | -5.59% | View data |
| 3 | 3 United Kingdom | 6.4 | 2023 | -3.37% | -18.74% | View data |
| 4 | 4 Poland | 4.44 | 2023 | +4.23% | +4.7% | View data |
| 5 | 5 Italy | 2.65 | 2023 | +90.47% | -34.95% | View data |
| 6 | 6 Spain | 1.07 | 2023 | -7.2% | -15.08% | View data |
| 7 | 7 Finland | 0.46 | 2023 | +41.28% | -28.55% | View data |
| 8 | 8 Sweden | 0.14 | 2023 | +8.45% | View data | |
| 9 | 9 Hungary | 0.03 | 2023 | +4.41% | -22.53% | View data |
| 10 | 10 Lithuania | 0.009 | 2023 | +0.17% | -25.7% | View data |
