In 2023, Italy remains the leader in the European metallurgy machinery sector but with a significant decline of 11.55% in the number of enterprises. Spain and Germany exhibit stability with slight increases of 0.42% and 0.99%, respectively. Austria shows a notable rise of 5.39%, reflecting possible growth potential. Conversely, countries like Norway and Hungary are experiencing contractions at rates of 7.79%, alongside Iceland's complete exit from this sector.
Future trends in European metallurgy machinery are inclined towards consolidation, as larger players may acquire struggling businesses, particularly in Western Europe. Additionally, technological advancements and sustainability initiatives are likely to influence this industry's dynamics, impacting enterprise numbers and growth opportunities.
Top countries in Metallurgy Machinery Number of Enterprises by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 393 | 2023 | -17.87% | -11.55% | View data |
| 2 | 2 Spain | 241 | 2023 | +1.26% | +0.42% | View data |
| 3 | 3 Germany | 167 | 2023 | 0% | +0.99% | View data |
| 4 | 4 Greece | 61 | 2023 | 0% | -0.64% | View data |
| 5 | 5 Austria | 26 | 2023 | +4% | +5.39% | View data |
| 6 | 6 Poland | 26 | 2023 | 0% | -1.47% | View data |
| 7 | 7 Portugal | 21 | 2023 | 0% | -0.93% | View data |
| 8 | 8 Romania | 18 | 2023 | 0% | 0% | View data |
| 9 | 9 France | 17 | 2023 | -5.56% | -2.2% | View data |
| 10 | 10 Netherlands | 16 | 2023 | 0% | +1.3% | View data |
