In 2023, Germany dominates the European market for sold production of machinery parts for working rubber or plastics, with 65.36% share, though experiencing a slight decline year-on-year at -1.14%. Italy and Austria follow, with Italy experiencing a small decline at -1.22%, while Austria saw a positive growth of 1.87%. Notable growth was observed in the Netherlands with an 11.71% increase, and Denmark's share surged by 13.27%. Conversely, the United Kingdom and Slovenia witnessed significant decreases in their shares, at -5.96% and -7.54% respectively, while Estonia experienced a remarkable increase of 64.41%.
Future trends to watch include potential technological advancements in machinery manufacturing, which could alter the competitive landscape. Additionally, economic fluctuations or environmental regulations across Europe might also impact production dynamics. Investigating sustainability trends and energy-efficient solutions may open growth opportunities, particularly in Western European countries focusing on green innovation.
Top countries in Sold Production of Parts for Machinery for Working Rubber or Plastics or for Manufacturing Rubber or Plastic Products Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 65.36 | 2023 | +1.69% | -1.14% | View data |
| 2 | 2 Italy | 12.01 | 2023 | +1.95% | -1.22% | View data |
| 3 | 3 Austria | 8.7 | 2023 | +3.76% | +1.87% | View data |
| 4 | 4 Czechia | 3.69 | 2023 | |||
| 5 | 5 Spain | 2.97 | 2023 | +10.78% | +4.59% | View data |
| 6 | 6 Netherlands | 2.88 | 2023 | +3.19% | +11.71% | View data |
| 7 | 7 Slovakia | 2.61 | 2023 | +2.22% | -2.7% | View data |
| 8 | 8 Hungary | 1.43 | 2023 | +3.25% | +0.49% | View data |
| 9 | 9 France | 0.95 | 2023 | -1.3% | -1.15% | View data |
| 10 | 10 United Kingdom | 0.65 | 2023 | -1.18% | -5.96% | View data |
