In 2024, Germany leads the European metal forming machinery sector with 141.89 million hours worked, showing minimal growth of 0.3% from last year. Italy follows, having expanded by 0.81%. Spain and the Czech Republic exhibited declines, with substantial drops for Bulgaria and Bosnia and Herzegovina. Austria and Portugal saw significant growths of 1.21% and 10.88%, respectively. Lithuania showed strong growth, in stark contrast to Finland's decline. Norway experienced a modest increase. The last five years underscore steadily changing dynamics influenced by regional economic and industrial factors.
Future trends suggest increased automation, sustainability efforts, and innovation in forming techniques may alter hours worked across these countries. Watching digital transformation and value chain reconfigurations will be pivotal.
Top countries in Metal Forming Machinery Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 141,890,000 | 2023 | +5.2% | +0.3% | View data |
| 2 | 2 Italy | 30,238,000 | 2023 | +3.8% | +0.81% | View data |
| 3 | 3 Spain | 11,586,000 | 2023 | +1.42% | -0.072% | View data |
| 4 | 4 Czech Republic | 11,441,000 | 2023 | -3.36% | -4.87% | View data |
| 5 | 5 Austria | 8,743,900 | 2023 | +2.01% | +1.21% | View data |
| 6 | 6 United Kingdom | 7,386,800 | 2023 | -0.9% | +0.32% | View data |
| 7 | 7 Poland | 6,197,400 | 2023 | +1.66% | +1.06% | View data |
| 8 | 8 Romania | 5,024,700 | 2023 | +1.06% | -2.65% | View data |
| 9 | 9 Netherlands | 3,152,400 | 2023 | +2.51% | +0.59% | View data |
| 10 | 10 Portugal | 2,989,700 | 2023 | +7.44% | +10.88% | View data |
