In 2023, Germany held the highest turnover share in European installation of industrial machinery and equipment with a slight increase of 1.85%, reaffirming its dominance. France and Italy saw declines of 1.47% and 5.17% respectively, indicating potential weaknesses or restructuring in their industries. The Netherlands and Belgium demonstrated strong growth at 4.07% and 8.33%, suggesting a robust market presence. Poland also experienced notable growth at 6.54%. Hungary and Croatia achieved the most significant increases with 13.87% and 19.67%, respectively, reflecting their emerging market potential. Meanwhile, Cyprus saw the largest decline at 6.83%.
Looking ahead, anticipate sustained growth in Eastern European markets such as Poland and Hungary, supported by industrial expansion and investments. While Germany may maintain its leading position, its growth will likely be moderate. Countries with declining shares, like Italy, may focus more on innovation to stabilize their industries. Continuous monitoring of geopolitical factors and EU policies will be crucial as they could significantly influence future turnover dynamics across European nations.
Top countries in Installation of Industrial Machinery and Equipment Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.09 | 2023 | +1.88% | +1.85% | View data |
| 2 | 2 France | 19.28 | 2023 | -0.94% | -1.47% | View data |
| 3 | 3 Italy | 7.79 | 2023 | -0.71% | -5.17% | View data |
| 4 | 4 Netherlands | 6.37 | 2023 | +2.89% | +4.07% | View data |
| 5 | 5 Belgium | 5.48 | 2023 | +9.09% | +8.33% | View data |
| 6 | 6 Poland | 5.27 | 2023 | +4.02% | +6.54% | View data |
| 7 | 7 United Kingdom | 5.17 | 2023 | -0.44% | +0.77% | View data |
| 8 | 8 Austria | 4.62 | 2023 | +5.47% | +2.42% | View data |
| 9 | 9 Czech Republic | 2.85 | 2023 | +1.71% | +1.36% | View data |
| 10 | 10 Spain | 2.81 | 2023 | +1.89% | +1.39% | View data |
