In 2023, Germany led the European market for sold production of turned metal parts in electrical machinery with a commanding share. Notable yearly increases were observed in Italy and Hungary, while France and Spain saw declines. Over the past five years, Italy's market experienced significant growth, whereas Finland and Estonia faced downturns. Germany, with consistent performance, maintained its leadership, while emerging markets like Poland showed potential with positive changes.
Future trends to watch include Germany's ability to capitalize on sustainable practices, potential growth in Poland's share due to cost-effective manufacturing, and the impact of economic fluctuations in major markets like France and the UK.
Top countries in Sold Production of Turned Metal Parts for Electrical Machinery and Equipment Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 44.36 | 2023 | +1.87% | +0.96% | View data |
| 2 | 2 France | 16.54 | 2023 | -0.32% | -0.73% | View data |
| 3 | 3 Italy | 14.15 | 2023 | -0.26% | +12.87% | View data |
| 4 | 4 Hungary | 6.55 | 2023 | +2.95% | +5.72% | View data |
| 5 | 5 Spain | 4.43 | 2023 | -3.85% | -5.8% | View data |
| 6 | 6 Netherlands | 3.38 | 2023 | +8.02% | -4.91% | View data |
| 7 | 7 Belgium | 2.69 | 2023 | +4.31% | +1% | View data |
| 8 | 8 Austria | 2.49 | 2023 | +6.08% | -0.073% | View data |
| 9 | 9 United Kingdom | 2.42 | 2023 | -5.62% | -3.86% | View data |
| 10 | 10 Finland | 0.64 | 2023 | -6.94% | -11.16% | View data |
