Germany leads the European industrial machinery and equipment installation market with a turnover of 19.6 billion euros in 2023, showing a 1.85% year-on-year growth. France follows at 12.56 billion euros but experienced a -1.47% decline. Italy, with a turnover of 5.07 billion euros, also saw a significant -5.17% decrease. Notable year-on-year growth was observed in Belgium (8.33%), Poland (6.54%), and Hungary (13.87%). The United Kingdom's market remained relatively stable with a slight 0.77% increase, while Spain and the Czech Republic showed modest growth of 1.39% and 1.36%, respectively. Portugal's and Sweden's turnovers slightly declined by -0.33% and -0.23%.
Other countries with noticeable growth include Croatia (19.67%) and Lithuania (9.05%). The Netherlands saw a 4.07% growth, contributing to a turnover of 4.15 billion euros. Growth in Denmark and Greece was also healthy at 3.25% and 4.39%, respectively, while smaller markets such as Luxembourg and Estonia grew by 1.48% and 4.03%. Iceland, despite being a small market, showed a solid 6.52% year-on-year increase. Cyprus saw the highest decline at -6.83%.
Future trends to watch include the emerging influence of Eastern European countries like Poland, Hungary, and Romania, with their steady growth rates. Additionally, technological advancements and sustainability initiatives may drive further investment and growth in industrial machinery and equipment installations, especially in countries with strong manufacturing sectors like Germany and Italy. Keeping an eye on political and economic stability in key markets is essential for anticipating future performance in this sector.
Top countries in Installation of Industrial Machinery and Equipment Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19,600 | 2023 | +1.88% | +1.85% | View data |
| 2 | 2 France | 12,560 | 2023 | -0.94% | -1.47% | View data |
| 3 | 3 Italy | 5,070 | 2023 | -0.71% | -5.17% | View data |
| 4 | 4 Netherlands | 4,150 | 2023 | +2.89% | +4.07% | View data |
| 5 | 5 Belgium | 3,570 | 2023 | +9.09% | +8.33% | View data |
| 6 | 6 Poland | 3,430 | 2023 | +4.02% | +6.54% | View data |
| 7 | 7 United Kingdom | 3,370 | 2023 | -0.44% | +0.77% | View data |
| 8 | 8 Austria | 3,010 | 2023 | +5.47% | +2.42% | View data |
| 9 | 9 Czech Republic | 1,850 | 2023 | +1.71% | +1.36% | View data |
| 10 | 10 Spain | 1,830 | 2023 | +1.89% | +1.39% | View data |
