The European machinery sector for mining, quarrying, and construction has showcased varying trends among countries. Italy leads with the highest number of enterprises but experienced a notable decline of 9.25% in 2023. Germany remains stable with a minor increase, indicating resilience. The UK and Poland showed slight decreases, while Spain and Bulgaria faced sharper declines. There's growth observed in the Netherlands and Austria. Smaller markets like Iceland exhibited significant growth, albeit from a low base.
Future trends to watch include:
- Potential stabilization in Italy as adjustments are made post-decline.
- Germany's steady growth might continue due to robust industrial support.
- The impact of digitalization and automation may spur regional growth and structural shifts.
- Monitoring of emerging Eastern European markets for increased enterprise activity.
Top countries in Machinery for Mining, Quarrying and Construction Number of Enterprises by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 362 | 2023 | -13.19% | -9.25% | View data |
| 2 | 2 Germany | 348 | 2023 | -0.57% | +0.17% | View data |
| 3 | 3 United Kingdom | 258 | 2023 | -0.77% | -1.05% | View data |
| 4 | 4 Poland | 238 | 2023 | 0% | -1.06% | View data |
| 5 | 5 Spain | 184 | 2023 | -5.64% | -4.78% | View data |
| 6 | 6 Sweden | 123 | 2023 | -1.6% | -0.16% | View data |
| 7 | 7 Czech Republic | 85 | 2023 | 0% | -1.96% | View data |
| 8 | 8 Finland | 83 | 2023 | -1.19% | -0.71% | View data |
| 9 | 9 France | 79 | 2023 | -3.66% | -2.57% | View data |
| 10 | 10 Netherlands | 78 | 2023 | +1.3% | +1.33% | View data |
