In 2024, Italy leads the European market for numerically controlled metalworking machines with a significant share of 62.65%. Germany follows with 23.41%, while Portugal holds a modest 11.51%. The United Kingdom and Spain contribute 2.36% and 2.04%, respectively. Bulgaria, Croatia, and Denmark collectively account for a minor share. Over the past two years, Italy saw a slight decline, whereas Germany experienced a growth. Bulgaria and Croatia also showed positive trends, indicating gradual market shifts and emerging players.
Future trends to watch include:
- Italy maintaining its dominance albeit facing minor competitive pressures from Germany.
- Growth in Portugal's market share potentially due to strategic developments or investments.
- An increase in technological advancements driven by industry 4.0, particularly in central and eastern Europe, potentially impacting product innovation and market dynamics.
Top countries in Sold Production of Numerically Controlled Bending, Folding, Straightening or Flattening Machines for Working Metal Share by Country (Units (Items))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 62.65 | 2023 | +10.46% | -1.91% | View data |
| 2 | 2 Germany | 23.41 | 2023 | +6.24% | +1.91% | View data |
| 3 | 3 Portugal | 11.51 | 2021 | +108.44% | View data | |
| 4 | 4 United Kingdom | 2.36 | 2023 | -4% | -5.88% | View data |
| 5 | 5 Spain | 2.04 | 2023 | +4.94% | 0% | View data |
| 6 | 6 Bulgaria | 1.23 | 2023 | +6.38% | +4.05% | View data |
| 7 | 7 Croatia | 0.25 | 2023 | 0% | +7.39% | View data |
| 8 | 8 Denmark | 0.074 | 2023 | 0% | -5.59% | View data |
