In 2023, Germany led European sold production of machine tools for planing, sawing, cutting-off, or otherwise cutting metal with 699.23 million euros, experiencing a slight decrease of 4.89% year-on-year. Italy followed at 149.72 million euros with a 2.47% decline. Austria and Spain's production values remained unchanged, while France saw a significant increase of 6.16%. Denmark, Finland, and Poland reported decreases, notably Finland at -17.84%. Noteworthy growth was seen in Hungary, which increased by 7.18%. Over the last five years, the compound annual growth rate reveals diverse performance, indicating both opportunities and challenges across countries.
Future trends to watch include increased automation and advanced machinery's influence on production capacities and efficiencies. Sustainability and the need for eco-friendly innovations are expected to drive research and development, potentially reshaping the competitive landscape. European countries might increasingly focus on digitalization, impacting the demand and design of machine tools.
Top countries in Sold Production of Machine Tools for Planing, Sawing, Cutting-Off or Otherwise Cutting Metal by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 699,230,000 | 2023 | +5.95% | -4.89% | View data |
| 2 | 2 Italy | 149,720,000 | 2023 | +1.35% | -2.47% | View data |
| 3 | 3 Austria | 39,737,000 | 2023 | +0.51% | View data | |
| 4 | 4 Czechia | 36,745,000 | 2023 | |||
| 5 | 5 France | 20,256,000 | 2023 | +4.25% | +6.16% | View data |
| 6 | 6 Denmark | 13,132,000 | 2023 | +2.04% | -1.56% | View data |
| 7 | 7 Spain | 1,492,300 | 2023 | -5.06% | View data | |
| 8 | 8 Hungary | 594,700 | 2023 | +6.55% | +7.18% | View data |
| 9 | 9 Finland | 558,860 | 2023 | -19.68% | -17.84% | View data |
| 10 | 10 Poland | 330,830 | 2023 | -7.44% | -5.76% | View data |
