The analysis of European sold production of lathes for removing metal indicates Italy as the leader with substantial growth of 6.47% in 2023, reaching 4.21 thousand items. Germany follows but experienced a 12.77% decline at 3.07 thousand items, signaling a potential loss of market share. Bulgaria and Slovakia showed slight volatility with -1.56% and 3.38% variations, respectively. Poland remained stable with minimal growth, while Denmark, Spain, and France faced sharp declines, notably France with -60.65%. The compound annual growth rate over the last five years illustrates Italy's growing dominance versus declining trends in other regions.
Future trends to watch include:
- The resurgence of Germany through potential technological advancements and cost efficiencies.
- Continuous innovation and production scalability enhancements in Italy.
- Market recovery strategies in countries like France and Denmark to counteract sharp declines.
- Overall European focus on sustainable production practices influencing demand and production capabilities.
Top countries in Sold Production of Lathes for Removing Metal by Country
| # | 9 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4,210 | 2023 | +6.95% | +6.47% | View data |
| 2 | 2 Germany | 3,070 | 2023 | -1.79% | -12.77% | View data |
| 3 | 3 Bulgaria | 890 | 2023 | +0.79% | -1.56% | View data |
| 4 | 4 Poland | 673 | 2023 | +3.54% | +0.15% | View data |
| 5 | 5 Slovakia | 509 | 2023 | +4.73% | +3.38% | View data |
| 6 | 6 Czechia | 411 | 2023 | |||
| 7 | 7 Denmark | 236 | 2023 | +3.06% | -37.18% | View data |
| 8 | 8 Spain | 20 | 2023 | +32.65% | -45% | View data |
| 9 | 9 France | 1 | 2023 | -91.67% | -60.65% | View data |
