In 2023, Italy dominates the European market for drop forged and precision-forged steel parts, contributing a significant portion of the total value. Spain shows promise with a strong positive trend, while the United Kingdom and France face declines. Croatia suffers a sharp drop, and minor markets like Estonia and Lithuania show volatility with a notable fall in Estonia.
Looking towards the future, it's crucial to monitor the increasing precision forging demand in the European automotive sector. Emerging technologies and investments in eco-friendly production may reshape country shares, potentially benefiting nations with strategic infrastructural and technological enhancements in the precision forging industry.
Top countries in Sold Production of Drop Forged (and Precision Forged) Steel Parts for Transmission Shafts, Camshafts, Crankshafts, Cranks, Bearing Housings and Plain Shaft Bearings Share by Country (Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 70.8 | 2023 | +6.65% | +2.14% | View data |
| 2 | 2 Spain | 11.31 | 2023 | +15.25% | +7.99% | View data |
| 3 | 3 United Kingdom | 9.05 | 2023 | -9.95% | -10.09% | View data |
| 4 | 4 Czechia | 7.27 | 2023 | |||
| 5 | 5 France | 3.47 | 2023 | -1.42% | -3.04% | View data |
| 6 | 6 Croatia | 0.9 | 2023 | -4.35% | -23.9% | View data |
| 7 | 7 Lithuania | 0.02 | 2023 | +3.27% | +3.22% | View data |
| 8 | 8 Estonia | 0 | 2023 | -7.7% | -32.98% | View data |
| 9 | 9 Netherlands | 0 | 2023 | -31.3% | View data |
