In 2023, Germany led European sold production of bearings, gears, gearing and driving elements with 1.1067 billion kilograms, despite a slight decrease of 0.69% from the previous year. Italy and Slovakia showed positive growth with 1.21% and 2.39% respectively. France, Spain, and Denmark experienced declines, with notable contractions of 0.8%, 2.29%, and 8.78%. Poland posted a 4.63% increase, while Belgium and Romania faced significant reductions of 40.78% and 14.16% respectively. Estonia displayed a substantial jump of 86.19%. Sweden and Slovenia also reported positive growth, while smaller contributors such as Portugal and Montenegro declined.
Looking forward, European production is expected to stabilize with growth opportunities in Eastern Europe due to infrastructure projects and technological advancements. Germany's prominence suggests continued leadership, but rising production in Italy and Slovakia indicates potential shifts. The focus on sustainable manufacturing and innovation could drive changes, with emerging markets like Estonia showing promise for future expansion.
Top countries in Sold Production of Bearings, Gears, Gearing and Driving Elements by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,106,700,000 | 2023 | +4.44% | -0.69% | View data |
| 2 | 2 Italy | 693,280,000 | 2023 | +11.26% | +1.21% | View data |
| 3 | 3 Slovakia | 166,980,000 | 2023 | +2.12% | +2.39% | View data |
| 4 | 4 France | 142,900,000 | 2023 | +12.43% | -0.8% | View data |
| 5 | 5 Spain | 110,440,000 | 2023 | +2.59% | -2.29% | View data |
| 6 | 6 Denmark | 69,380,000 | 2023 | +3.11% | -8.78% | View data |
| 7 | 7 Poland | 63,812,000 | 2023 | +1.28% | +4.63% | View data |
| 8 | 8 Austria | 36,633,000 | 2023 | +4.89% | +0.27% | View data |
| 9 | 9 Romania | 29,366,000 | 2023 | +1.09% | -14.16% | View data |
| 10 | 10 United Kingdom | 27,823,000 | 2023 | -3.44% | -1.57% | View data |
