In 2023, the European Sold Production of Installation of Industrial Machinery and Equipment was dominated by France (24.11%) and Germany (23.73%), closely followed by Italy (12.84%). Other significant contributors included Austria (6.19%), Spain (5.86%), and the United Kingdom (4.9%). Nations like the Netherlands (4.51%), Poland (3.61%), and Belgium (2.87%) also played key roles. Comparing year-on-year growth rates, countries like Finland (5.91%), Slovakia (6.44%), and especially Norway (11.83%) exhibited robust growth, while the United Kingdom saw a decline of 3.7%. Remarkably, Bosnia and Herzegovina (15.96%), Greece (16.57%), and Slovenia (9.22%) demonstrated noteworthy increases despite their smaller market shares.
Future trends to watch include continued growth in Eastern European countries, driven by increasing industrialization and foreign investment. There may also be shifts towards sustainable and innovative machinery solutions, responding to the EU's green initiatives and technological advancements. Watching how geopolitical developments and economic policies impact this sector will also be crucial.
Top countries in Sold Production of Installation of Industrial Machinery and Equipment Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 24.11 | 2023 | +0.97% | +1.09% | View data |
| 2 | 2 Germany | 23.73 | 2023 | +0.95% | +1.18% | View data |
| 3 | 3 Italy | 12.84 | 2023 | +0.5% | +1.28% | View data |
| 4 | 4 Austria | 6.19 | 2023 | +5.48% | +1.25% | View data |
| 5 | 5 Spain | 5.86 | 2023 | +6.64% | +2.23% | View data |
| 6 | 6 United Kingdom | 4.9 | 2023 | -1.37% | -3.7% | View data |
| 7 | 7 Netherlands | 4.51 | 2023 | +1.77% | +4.73% | View data |
| 8 | 8 Poland | 3.61 | 2023 | +2.54% | +0.62% | View data |
| 9 | 9 Belgium | 2.87 | 2023 | +2.87% | -2.67% | View data |
| 10 | 10 Czechia | 2.03 | 2023 |
