The European locks and hinges industry exhibited varied growth across countries in 2023. Slovakia dominated with 3.9 thousand enterprises, showing a 1.5% increase. Notable growth was observed in the Netherlands (4.56%) and Italy (14.64%). Conversely, Spain decreased by 3.21%, while Sweden saw a 5.31% decline. France, Germany, and Poland experienced smaller reductions. Luxurious Luxembourg saw a 6.96% rise despite its small base, while Estonia remained stable with no change.
Future trends to watch include potential consolidation in countries with decreasing numbers and expansion in rapidly growing markets like Italy. Adapting to technological advancements and sustainability will also shape future dynamics.
Top countries in Locks and Hinges Number of Enterprises by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovakia | 3,900 | 2023 | +4.33% | +1.5% | View data |
| 2 | 2 Spain | 1,230 | 2023 | -1.98% | -3.21% | View data |
| 3 | 3 Germany | 800 | 2023 | -0.74% | -0.61% | View data |
| 4 | 4 United Kingdom | 676 | 2023 | +0.45% | +0.18% | View data |
| 5 | 5 Lithuania | 639 | 2023 | +0.31% | 0% | View data |
| 6 | 6 France | 324 | 2023 | -0.31% | -0.37% | View data |
| 7 | 7 Poland | 319 | 2023 | -0.31% | -1.73% | View data |
| 8 | 8 Portugal | 299 | 2023 | -0.33% | -2.31% | View data |
| 9 | 9 Netherlands | 295 | 2023 | +4.98% | +4.56% | View data |
| 10 | 10 Italy | 295 | 2023 | +11.74% | +14.64% | View data |
