The European export landscape for gearboxes and speed changers in 2023 is dominated by Germany and Italy, with Germany having a significant negative variation compared to 2022. Other notable exporters include Spain, France, and Finland, which have shown mixed results in year-on-year growth. Italy leads the positive growth with over 10% increase, while Spain also experienced notable growth. France and Sweden saw declines. Over a five-year period, the compound annual growth rate varied, indicating both stable and fluctuating trends across different countries. Smaller markets like Portugal and Malta have shown modest growth.
Key future trends to watch include increased technological innovation and shifts in production strategies influenced by green technology adoption. Countries with positive growth trajectories such as Italy and Spain may continue to expand, driven by technological advancements and increased demand for more energy-efficient machinery. Monitoring policy changes and global economic conditions will be essential to understand their impact on export dynamics.
Top countries in Export of Gearboxes and Other Speed Changers for Machinery and Land and Sea Vehicles Excluding Gears and Gearing by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 147,240,000 | 2023 | -5.24% | View data | |
| 2 | 2 Italy | 135,200,000 | 2023 | +1.44% | +10.12% | View data |
| 3 | 3 Spain | 25,857,000 | 2023 | +1.5% | +44.28% | View data |
| 4 | 4 France | 20,599,000 | 2023 | -23.64% | -2.66% | View data |
| 5 | 5 Finland | 10,707,000 | 2023 | +3.99% | +6.7% | View data |
| 6 | 6 Czechia | 7,239,700 | 2022 | |||
| 7 | 7 Hungary | 4,980,700 | 2023 | +3.97% | +4.62% | View data |
| 8 | 8 Sweden | 2,385,500 | 2023 | +3.44% | -12.37% | View data |
| 9 | 9 Slovakia | 1,302,200 | 2023 | -28.95% | -24% | View data |
| 10 | 10 Netherlands | 1,135,000 | 2023 | +25.28% | -35.58% | View data |
