As of 2023, Germany is the leading producer in Europe of parts and accessories for metal cutting machine tools with a production value of 2.0816 billion euros. Other notable countries include Italy and France with 0.23584 and 0.18675 billion euros, respectively. Smaller producers include Slovenia, the Netherlands, and Denmark. The past year saw significant growth in countries like Austria, Sweden, Finland, and Bulgaria, while countries such as Italy and Slovakia experienced declines.
Looking forward, a trend to watch includes the expected increases in production due to advancing automation and Industry 4.0 capabilities across Europe. Nations enhancing technological integration might see a surge in market share.
Top countries in Sold Production of Parts and Accessories for Metal Cutting Machine Tools by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,081,600,000 | 2023 | +7.19% | -0.37% | View data |
| 2 | 2 Italy | 235,840,000 | 2023 | +6.99% | -1.42% | View data |
| 3 | 3 France | 186,750,000 | 2023 | +7.28% | +0.18% | View data |
| 4 | 4 Austria | 101,720,000 | 2023 | +9.14% | +3.19% | View data |
| 5 | 5 Czechia | 94,566,000 | 2023 | |||
| 6 | 6 Poland | 79,636,000 | 2023 | +2.51% | +1.08% | View data |
| 7 | 7 Spain | 62,074,000 | 2023 | +4.25% | +2.91% | View data |
| 8 | 8 Romania | 54,101,000 | 2023 | +2.96% | +2.52% | View data |
| 9 | 9 Slovakia | 52,195,000 | 2023 | +3.14% | -0.63% | View data |
| 10 | 10 Sweden | 37,017,000 | 2023 | +8.48% | +4.42% | View data |
