The 2023 data reveals that Germany leads Europe's fasteners and screw machine products market in hours worked, with Italy and Poland following. The market is experiencing a mix of trends: Croatia and Bosnia and Herzegovina saw significant growth, while Finland and Lithuania faced declines. Remarkable growth was noted in Croatia (20.17%) and Latvia (12.75%), while Finland (-10.36%) and Lithuania (-6.33%) declined substantially.
Looking ahead, key trends include:
- Potential market stabilization in countries with declining hours due to adaptation and technology.
- Growth opportunities in fast-recovering or expanding markets like Croatia and Bosnia and Herzegovina.
Top countries in Fasteners and Screw Machine Products Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 34,054,000 | 2023 | +3.39% | -1.11% | View data |
| 2 | 2 Italy | 14,809,000 | 2023 | -0.71% | -1.75% | View data |
| 3 | 3 Poland | 8,904,300 | 2023 | -1.58% | -3.24% | View data |
| 4 | 4 Czech Republic | 6,072,300 | 2023 | +2.86% | +0.43% | View data |
| 5 | 5 Spain | 5,154,300 | 2023 | -0.27% | -1.28% | View data |
| 6 | 6 Croatia | 4,975,300 | 2023 | +5.14% | +20.17% | View data |
| 7 | 7 Romania | 1,647,200 | 2023 | -4.31% | -3.65% | View data |
| 8 | 8 Sweden | 1,540,100 | 2023 | +3.27% | -1.42% | View data |
| 9 | 9 Bosnia and Herzegovina | 1,508,300 | 2023 | +7.18% | +7.92% | View data |
| 10 | 10 Portugal | 984,640 | 2023 | +1.39% | +1.51% | View data |
