In 2023, Italy dominated the European market for high-growth enterprises in metal forming machinery and machine tools, holding 76.34% of the market share. The Czech Republic and Hungary followed, making up 9.84% and 5.12% respectively. Smaller shares were noted in countries like Portugal (3.54%), Slovakia (1.57%), and Romania (1.18%), with Norway and Lithuania each capturing 0.79%.
Over the past year, the Czech Republic and Hungary witnessed significant growth with a year-on-year increase of 4.56% and 7.63%, respectively. In contrast, Romania experienced a major decline of 19.73%, while Slovakia and Lithuania saw decreases of 4.36% and 7.79%, respectively. Italy experienced a nominal decline of 1.29%, with Portugal and Norway showing stability.
Future trends to watch include:
- Italy potentially maintaining dominance but needing to address its slight decline to stay competitive.
- Rising prominence of the Czech Republic and Hungary, possibly capturing more market share due to recent growth.
- Monitoring potential recovery strategies from declining markets such as Romania, Slovakia, and Lithuania.
- Technological advancements and innovations that could impact market dynamics across Europe.
Top countries in Number of High Growth Enterprises in Metal Forming Machinery and Machine Tools Share by Country (Units (Enterprises))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 76.34 | 2023 | +18.29% | -1.29% | View data |
| 2 | 2 Czech Republic | 9.84 | 2023 | +19.05% | +4.56% | View data |
| 3 | 3 Hungary | 5.12 | 2023 | +8.33% | +7.63% | View data |
| 4 | 4 Portugal | 3.54 | 2023 | 0% | 0% | View data |
| 5 | 5 Slovakia | 1.57 | 2023 | +33.33% | -4.36% | View data |
| 6 | 6 Romania | 1.18 | 2023 | +50% | -19.73% | View data |
| 7 | 7 Norway | 0.79 | 2023 | +100% | View data | |
| 8 | 8 Lithuania | 0.79 | 2023 | 0% | -7.79% | View data |
