In 2024, Hungary leads in the European sold production of sound and video equipment parts with an output value of 257.09 million Euros. Italy follows with 104.85 million Euros, and Germany stands at 77.584 million Euros. Despite having the highest production value, Hungary saw a year-on-year decline of 6.76% in 2023. Italy and Germany experienced positive growths of 4.8% and 2.23%, respectively. Denmark's production surged by 50.46%, highlighting its growing importance in the sector. The United Kingdom, France, and Poland showed marginal changes, while smaller markets like Bulgaria, Sweden, and Belgium remained relatively flat. Notably, Lithuania experienced a significant drop of 24.2% in 2023.
Future trends to watch include technological innovations driving demand, the impact of supply chain disruptions, and regulatory changes across the EU. Additionally, the growing market for smart home devices and HD video content is likely to spur further growth. Companies should closely monitor consumer trends and emerging technologies to remain competitive in this dynamic market.
Top countries in Sold Production of Sound and Video Equipment Parts by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 257,090,000 | 2023 | -2.81% | -6.76% | View data |
| 2 | 2 Italy | 104,850,000 | 2023 | +24.64% | +4.8% | View data |
| 3 | 3 Germany | 77,584,000 | 2023 | +6.94% | +2.23% | View data |
| 4 | 4 Denmark | 35,301,000 | 2023 | +14.36% | +50.46% | View data |
| 5 | 5 United Kingdom | 23,239,000 | 2023 | -4.21% | +0.059% | View data |
| 6 | 6 France | 22,803,000 | 2023 | +5.84% | -2.53% | View data |
| 7 | 7 Poland | 7,852,100 | 2023 | +5.07% | -2.06% | View data |
| 8 | 8 Czechia | 4,910,700 | 2023 | |||
| 9 | 9 Finland | 2,455,600 | 2023 | +6.16% | -3.6% | View data |
| 10 | 10 Spain | 1,796,800 | 2023 | +10.33% | +2.94% | View data |
