In 2023, Germany led the European market in gearbox production, constituting 34.65% of the total share, followed by Italy with 27.74%. Belgium and Denmark accounted for 11.43% and 7.82%, respectively. Spain showed notable growth with a 46.57% increase, while Denmark experienced a considerable decline of 14.27%. The relatively stable markets included France with a rise of 4.73% and the Netherlands with a 1.27% increase. Finland saw a positive change of 6.48%, whereas the UK and Portugal faced decreases of 5.9% and 2.54% respectively.
Future trends in the European gearbox market may include an increased focus on sustainable and energy-efficient production methods, possible shifts due to policy changes in emissions regulations, and accelerated adoption of electric vehicles potentially impacting demand dynamics. Monitoring technological advancements in related machinery and automotive industries will be crucial.
Top countries in Sold Production of Gearboxes and Other Speed Changers for Machinery and Land and Sea Vehicles Excluding Gears and Gearing Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 34.65 | 2023 | +5.87% | -0.56% | View data |
| 2 | 2 Italy | 27.74 | 2023 | +3.44% | +7.73% | View data |
| 3 | 3 Belgium | 11.43 | 2023 | -0.093% | +2.87% | View data |
| 4 | 4 Denmark | 7.82 | 2023 | +0.05% | -14.27% | View data |
| 5 | 5 Spain | 6.41 | 2023 | +1.34% | +46.57% | View data |
| 6 | 6 France | 5.12 | 2023 | +10.89% | +4.73% | View data |
| 7 | 7 Netherlands | 3.08 | 2023 | +20.46% | +1.27% | View data |
| 8 | 8 Finland | 2.28 | 2023 | -2.11% | +6.48% | View data |
| 9 | 9 Czechia | 0.51 | 2023 | |||
| 10 | 10 United Kingdom | 0.33 | 2023 | -5.73% | -5.9% | View data |
