The European machinery market for mining, quarrying, and construction has shown varied performances across countries. In 2023, Germany led with a turnover of 17.62 billion euros, but faced a slight decline. The UK saw growth with a 1.41% increase, while Sweden and Italy experienced notable declines at 2.83% and 3.18%, respectively. Finland showed positive growth with a 1.95% increase. Significant growth was observed in the Czech Republic and Bosnia and Herzegovina, while Poland and Spain suffered double-digit decreases. Iceland displayed the highest growth rate, albeit from a smaller base.
Future trends to watch in the European machinery market will likely include:
- Technological advancements driving efficiency and sustainability.
- Shifts towards digitalization and automation, influencing turnover.
- Impact of regulatory changes promoting green energy solutions.
- Potential recovery in countries with recent declines, such as Spain and Poland.
- Increased competition from non-European markets impacting demand.
Top countries in Machinery for Mining, Quarrying and Construction Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17,620 | 2023 | +5.91% | -0.0018% | View data |
| 2 | 2 United Kingdom | 8,130 | 2023 | +2.3% | +1.41% | View data |
| 3 | 3 Sweden | 6,030 | 2023 | +2.25% | -2.83% | View data |
| 4 | 4 Italy | 3,450 | 2023 | +0.91% | -3.18% | View data |
| 5 | 5 Finland | 3,290 | 2023 | +3.25% | +1.95% | View data |
| 6 | 6 France | 3,210 | 2023 | -0.55% | -0.12% | View data |
| 7 | 7 Czech Republic | 1,950 | 2023 | +11.67% | +7.14% | View data |
| 8 | 8 Austria | 1,670 | 2023 | +3.99% | +2.93% | View data |
| 9 | 9 Poland | 1,350 | 2023 | +6.12% | -12.32% | View data |
| 10 | 10 Norway | 1,160 | 2023 | -0.51% | +1.36% | View data |
