As of 2023, Germany holds a dominant position in European sold production of machinery for mining, quarrying, and construction, accounting for 35.73% of the market share. Italy trails with 17.28%, followed by the UK at 13.43%. Notably, significant growth has been observed in Finland, Sweden, Austria, and Norway, with notable year-on-year increases in 2023. Conversely, France and Belgium experienced declines. The Compound Annual Growth Rate (CAGR) over the past five years indicates substantial market dynamism, with certain lesser markets showing potential for growth, despite some larger markets stabilizing or slightly declining.
Future trends to watch include:
- An emphasis on technological advancements and automation in machinery.
- Potential impacts of economic policies and environmental regulations on production and market shares.
- Growing demand for sustainability and energy-efficient solutions driving innovation and market shifts.
- The possibility of further consolidation in the market as companies seek economies of scale.
Top countries in Sold Production of Machinery for Mining, Quarrying and Construction Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 35.73 | 2023 | +4.24% | +0.33% | View data |
| 2 | 2 Italy | 17.28 | 2023 | +9.62% | -0.58% | View data |
| 3 | 3 United Kingdom | 13.43 | 2023 | -0.1% | +1.11% | View data |
| 4 | 4 Finland | 8.17 | 2023 | +2.63% | +4.27% | View data |
| 5 | 5 Sweden | 6.52 | 2023 | +4.78% | +12.18% | View data |
| 6 | 6 France | 6.47 | 2023 | +5.6% | -1.65% | View data |
| 7 | 7 Austria | 2.34 | 2023 | +20.14% | +53.46% | View data |
| 8 | 8 Poland | 2.16 | 2023 | +0.71% | -2.76% | View data |
| 9 | 9 Spain | 1.92 | 2023 | +4.6% | +1% | View data |
| 10 | 10 Czechia | 1.89 | 2023 |
