In 2023, Germany led the European market in the production of bearing housings and plain shaft bearings, valued at 1.0679 billion euros. Despite a decrease of 3.4%, France remained the second largest producer at 0.14403 billion euros. The UK showed a significant decline of 6.91%, reducing its market size to 0.096842 billion euros. Italy saw a growth of 2.73%, while Finland experienced remarkable growth at 121.36%, albeit from a smaller base. Minor changes occurred in other countries, with a mix of small gains and declines.
Future trends to watch include:
- Potential recovery or further decline in France and the UK markets, dependent on economic conditions and industrial investment.
- Monitoring Germany for stability or growth as it continues to lead the sector.
- Continued growth potential in emerging European markets and technological advancements in manufacturing impacting production volumes.
- The influence of global supply chain developments and sustainability initiatives on production and competitiveness in the EU market.
Top countries in Sold Production of Bearing Housings and Plain Shaft Bearings by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,067,900,000 | 2023 | +4.46% | +0.69% | View data |
| 2 | 2 France | 144,030,000 | 2023 | +4.79% | -3.4% | View data |
| 3 | 3 United Kingdom | 96,842,000 | 2023 | -10.86% | -6.91% | View data |
| 4 | 4 Italy | 63,761,000 | 2023 | +0.65% | +2.73% | View data |
| 5 | 5 Denmark | 29,506,000 | 2023 | +31.13% | +0.072% | View data |
| 6 | 6 Spain | 17,267,000 | 2023 | +3.16% | -0.13% | View data |
| 7 | 7 Sweden | 15,179,000 | 2023 | +16.5% | View data | |
| 8 | 8 Finland | 11,889,000 | 2023 | +38.39% | +121.36% | View data |
| 9 | 9 Austria | 6,847,800 | 2023 | +53.97% | View data | |
| 10 | 10 Croatia | 874,020 | 2023 | +0.072% | -0.031% | View data |
