The European market for turning services of metal parts shows Italy leading with a 32.6% share, followed by Germany at 27.6%. Spain, the UK, and France each account for less than 10%. Poland shows the highest growth at 3.25% year-on-year, alongside Romania and Greece with notable increases of 4.95% and 19.67%, respectively. On the contrary, Norway witnessed a significant decline of 34.24%. Overall, the CAGR indicates a moderately stable growth across Europe.
Future trends to watch include technological advancements in turning services, shifts toward sustainable production methods, and potential market expansions in Eastern European countries driven by favorable growth conditions in Poland, Romania, and Slovakia.
Top countries in Sold Production of Turning Services of Metal Parts Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 32.6 | 2023 | +0.49% | -2.4% | View data |
| 2 | 2 Germany | 27.6 | 2023 | +6.09% | +0.59% | View data |
| 3 | 3 Spain | 9.17 | 2023 | +1.58% | -0.88% | View data |
| 4 | 4 United Kingdom | 8.78 | 2023 | +0.43% | +2.34% | View data |
| 5 | 5 France | 6.37 | 2023 | +5.41% | -0.2% | View data |
| 6 | 6 Poland | 2.18 | 2023 | +4.02% | +3.25% | View data |
| 7 | 7 Czechia | 2.02 | 2023 | |||
| 8 | 8 Netherlands | 1.78 | 2023 | +0.92% | -3.95% | View data |
| 9 | 9 Hungary | 1.75 | 2023 | +2.63% | +2.29% | View data |
| 10 | 10 Finland | 1.34 | 2023 | -4.18% | -3.31% | View data |
