The European market for machines for treating metal, possessing individual functions, displays significant contributions from Germany (54.18%) and Italy (19.96%) as of 2023, with Germany experiencing a slight decline of 1.84% and Italy a decrease of 6.19% year-on-year. Austria shows notable growth at 4.43%, while Spain surged by 19.93%. Minor yet important increases are noted in Hungary (8.06%) and Lithuania (9.47%). The United Kingdom sees modest growth with 0.51%, whereas the Netherlands and France experience declines of 7.6% and 9.27% respectively.
Future trends to watch include:
- Technological advancements in metal treatment.
- Increased demand driven by industrial expansion.
- Shifts towards eco-friendly manufacturing solutions.
- Potential market consolidation and increased collaboration among European countries to maintain competitiveness.
Top countries in Sold Production of Machines for Treating Metal, Having Individual Functions Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 54.18 | 2023 | +3.66% | -1.84% | View data |
| 2 | 2 Italy | 19.96 | 2023 | +16.68% | -6.19% | View data |
| 3 | 3 Austria | 11.01 | 2023 | +20.12% | +4.43% | View data |
| 4 | 4 Spain | 5.54 | 2023 | +3.13% | +19.93% | View data |
| 5 | 5 Hungary | 2.22 | 2023 | +5.12% | +8.06% | View data |
| 6 | 6 United Kingdom | 1.75 | 2023 | -0.65% | +0.51% | View data |
| 7 | 7 Netherlands | 1.67 | 2023 | +13.18% | -7.6% | View data |
| 8 | 8 France | 1.01 | 2023 | -7.64% | -9.27% | View data |
| 9 | 9 Czechia | 0.57 | 2023 | |||
| 10 | 10 Finland | 0.47 | 2023 | +5.45% | -5.93% | View data |
