In 2023, Germany dominated European sold production of gearboxes and their parts, valued at 9.2821 billion euros, far ahead of France's 1.9205 billion. Italy showed the highest growth rate among major producers at 1.81%, while Hungary saw a remarkable 11.85% increase, indicating emerging growth potential. Croatia, despite its smaller scale, had the most significant percentage increase at 33.25%, whereas the UK and Norway experienced declines of 2.65% and 2.83%, respectively. Over five years, Austria and Poland displayed strong consistent growth, contrasting with France's decline.
Looking ahead, focus on Eastern European countries like Poland and Hungary, which show potential for increased gearbox production capacity. Also, closely monitor Germany for possible technological advancements and innovations that could solidify its leadership position.
Top countries in Sold Production of Gear Boxes and Their Parts by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,282,100,000 | 2023 | +5.84% | +0.67% | View data |
| 2 | 2 France | 1,920,500,000 | 2023 | -1.05% | -0.93% | View data |
| 3 | 3 Sweden | 1,251,400,000 | 2023 | +7.83% | +0.24% | View data |
| 4 | 4 Italy | 864,520,000 | 2023 | +2.28% | +1.81% | View data |
| 5 | 5 Czechia | 724,550,000 | 2023 | |||
| 6 | 6 Spain | 714,380,000 | 2023 | +5.58% | -0.7% | View data |
| 7 | 7 Slovakia | 602,050,000 | 2023 | +2.67% | -0.16% | View data |
| 8 | 8 Hungary | 515,410,000 | 2023 | +4.26% | +11.85% | View data |
| 9 | 9 United Kingdom | 413,710,000 | 2023 | -0.72% | -2.65% | View data |
| 10 | 10 Poland | 370,640,000 | 2023 | +1.15% | +7.04% | View data |
