In 2023, Germany held the dominant share in European metal forming machinery production, contributing significantly to the overall value at 59.06 million euros, followed by Italy at 14.99 million euros. Other notable countries included Spain and Austria, while Bosnia and Herzegovina and Latvia registered negligible contributions. Variations over the past year show significant growth in Serbia (12.12%) and Croatia (11.14%), with Germany maintaining stability at 0.76%. Conversely, Greece and Latvia experienced notable declines of -13.44% and -19.73%, respectively.
Future trends to monitor include technological advancements and automation in metal forming processes, which can drive efficiency and competitiveness across sectors. The shift towards sustainability and green manufacturing practices may also influence production strategies, potentially altering the market share landscape across European nations. Monitoring these trends will be crucial for stakeholders to maintain and enhance market positioning in the metal forming machinery sector.
Top countries in Metal Forming Machinery Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 59.06 | 2023 | +6.09% | +0.76% | View data |
| 2 | 2 Italy | 14.99 | 2023 | +6.63% | -0.63% | View data |
| 3 | 3 Spain | 4.76 | 2023 | +6.29% | +0.17% | View data |
| 4 | 4 Austria | 4.29 | 2023 | +4.97% | +1.89% | View data |
| 5 | 5 United Kingdom | 3.45 | 2023 | +1.25% | +0.86% | View data |
| 6 | 6 France | 3.33 | 2023 | +6.55% | +2.69% | View data |
| 7 | 7 Czech Republic | 2.6 | 2023 | +5.54% | +1.1% | View data |
| 8 | 8 Sweden | 1.48 | 2023 | +1.52% | +2.48% | View data |
| 9 | 9 Belgium | 1.16 | 2023 | +4.43% | +1.22% | View data |
| 10 | 10 Poland | 1.1 | 2023 | +9.07% | +0.7% | View data |
