In 2023, Germany dominated the European market for machine tools work holders with a 72.65% share, followed by the United Kingdom at 18.75%. Slovakia, Ireland, and Italy held smaller shares, with 2.63%, 1.65%, and 1.65%, respectively. Over the last year, Germany saw a modest increase of 3.2%, while the United Kingdom experienced a substantial 56% rise. Slovakia and Romania showcased significant growth at 12.54% and 11.21%, respectively. Contrarily, Spain and France witnessed notable declines of 4.44% and 21.14%, respectively.
Looking at future trends, Germany is expected to maintain its strong position, though the United Kingdom and Slovakia may continue their upward trajectories given their substantial year-on-year increases. Pay close attention to emerging markets such as Romania and Bulgaria, which have shown promising growth rates, as well as the declining shares in Spain and France, which may indicate a need for strategic adjustments.
Top countries in Sold Production of Machine Tools Work Holders Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 72.65 | 2023 | +8.15% | +0.032% | View data |
| 2 | 2 United Kingdom | 18.75 | 2023 | -1.22% | +0.56% | View data |
| 3 | 3 Slovakia | 2.63 | 2023 | +6.81% | +12.54% | View data |
| 4 | 4 Ireland | 1.65 | 2023 | +9.16% | +0.31% | View data |
| 5 | 5 Italy | 1.65 | 2023 | +29.31% | +7.44% | View data |
| 6 | 6 Czechia | 1.59 | 2023 | |||
| 7 | 7 Romania | 1.05 | 2023 | +2.56% | +11.21% | View data |
| 8 | 8 Poland | 0.62 | 2023 | +1.03% | +7.97% | View data |
| 9 | 9 Estonia | 0.51 | 2023 | +25.52% | View data | |
| 10 | 10 Spain | 0.4 | 2023 | -4.98% | -4.44% | View data |
