In 2023, Italy dominated the European market for non-electric industrial or laboratory furnaces and ovens with an impressive share of 76.23%, reflecting a substantial increase. Germany held a significant but smaller portion at 7.46%, but its market share contracted by 4.43%. Spain's share increased slightly by 1.56%, while Poland decreased by 2.35%. Portugal and Croatia experienced declines of 8.07% and 5.36% respectively. The United Kingdom witnessed a notable drop of 15.49%, and France maintained a negligible presence.
Looking forward, the European market for these non-electric furnaces and ovens is expected to observe continued growth in Italy, emphasizing innovation and export capabilities. Germany may stabilize its market position with advances in technology. Emerging markets like Spain and Poland show potential for growth. Brexit's impact may continue to challenge the UK while other European manufacturers could expand market share through environmental compliance and efficiency enhancements.
Top countries in Sold Production of Industrial or Laboratory Furnaces and Ovens, Non-Electric, Including Incinerators, But Excluding Bakery Ovens Share by Country (Units (Items))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 86.34 | 2023 | +1.42% | +76.23% | View data |
| 2 | 2 Germany | 7.46 | 2023 | +7.21% | -4.43% | View data |
| 3 | 3 Spain | 2.52 | 2023 | 0% | +1.56% | View data |
| 4 | 4 Poland | 1.99 | 2023 | 0% | -2.35% | View data |
| 5 | 5 Portugal | 0.69 | 2023 | +4.76% | -8.07% | View data |
| 6 | 6 Croatia | 0.64 | 2023 | 0% | -5.36% | View data |
| 7 | 7 United Kingdom | 0.39 | 2023 | -19.35% | -15.49% | View data |
| 8 | 8 France | 0.24 | 2021 | -2.47% | View data |
