In 2023, Germany held the largest share of fasteners and screw machine enterprises in Europe, comprising 17.5% of the total, followed by Spain, Italy, and Poland. Notable year-on-year declines were observed in several key markets, especially France (-5.68%) and Sweden (-10.22%). Conversely, Greece saw a notable increase of 4.04%, coupled with Austria at 4.56%. Over the last two years, fluctuations indicate a trend of consolidation and selective growth, with minor increases in smaller markets such as Estonia and Bulgaria.
Looking forward, the trend towards industrial automation and innovations in fastener technologies might influence market structures, promoting shifts in country-level enterprise shares. Additionally, potential shifts in EU policy related to manufacturing and trade might also impact the geographic distribution of enterprises, favoring countries investing in production efficiencies and sustainability.
Top countries in Fasteners and Screw Machine Products Number of Enterprises Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.5 | 2023 | -1.18% | -0.64% | View data |
| 2 | 2 Spain | 15.15 | 2023 | -3.96% | -3.4% | View data |
| 3 | 3 Italy | 15.1 | 2023 | -0.34% | -0.61% | View data |
| 4 | 4 Poland | 12.12 | 2023 | -0.43% | -2.1% | View data |
| 5 | 5 United Kingdom | 9.3 | 2023 | 0% | +0.11% | View data |
| 6 | 6 Serbia | 3.24 | 2023 | -1.59% | -2.55% | View data |
| 7 | 7 Romania | 3.24 | 2023 | -1.59% | -2.12% | View data |
| 8 | 8 France | 2.93 | 2023 | -6.67% | -5.68% | View data |
| 9 | 9 Czech Republic | 2.77 | 2023 | -7.02% | -6.38% | View data |
| 10 | 10 Hungary | 2.66 | 2023 | -1.92% | -1.5% | View data |
