In 2023, Germany led the European market for fasteners and screw machine products, representing the highest share, followed by Italy and France. Notable growth was observed in Sweden and Bulgaria, with substantial year-on-year growth rates of 10.8% and 19.82%, respectively. However, declines were registered in the United Kingdom, Ireland, and Romania with year-on-year decreases of -4.98%, -33.35%, and -13.89%, respectively.
Future trends to watch include:
- The impact of sustainability initiatives on industrial production methods.
- Increasing automation and technological advancements in manufacturing processes.
- The potential effects of geopolitical dynamics on supply chains and production costs.
Top countries in Sold Production of Fasterners and Screw Machine Products Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 49.58 | 2023 | +5.46% | +0.58% | View data |
| 2 | 2 Italy | 27.68 | 2023 | +6.74% | +3.21% | View data |
| 3 | 3 France | 7.67 | 2023 | +6.66% | +0.25% | View data |
| 4 | 4 Spain | 5.65 | 2023 | +7.4% | +0.95% | View data |
| 5 | 5 Poland | 4.02 | 2023 | +2.03% | +1.14% | View data |
| 6 | 6 United Kingdom | 3.9 | 2023 | -2.99% | -4.98% | View data |
| 7 | 7 Czechia | 1.38 | 2023 | |||
| 8 | 8 Sweden | 1.15 | 2023 | +5.58% | +10.8% | View data |
| 9 | 9 Denmark | 0.99 | 2023 | +0.76% | +5.38% | View data |
| 10 | 10 Portugal | 0.61 | 2023 | +11.78% | +2.53% | View data |
