In 2023, Italy led European production of machine tool parts and accessories with €176.21 million, showcasing a significant 39.01% year-on-year growth. Germany and Spain followed with €146.07 million and €96.451 million, increasing by 0.88% and 14.88% respectively. France and Sweden contributed €7.2922 million and €5.5624 million. Although Austria had a slight decline at €4.3587 million, the UK and Bulgaria saw differing trends with a 3.89% decrease and a 1.4% increase, while Hungary grew by 10.9% despite producing just €0.25866 million. Minimal inputs were recorded from Czechia.
Looking ahead, market projections suggest continued growth driven by technological advancements and increasing demand for precision engineering in construction and manufacturing sectors. Italy and Spain are expected to sustain momentum, while digitalization and sustainable practices could reshape production dynamics in Germany and France. The focus on automation and smart technologies may open new opportunities across less prominent markets.
Top countries in Sold Production of Parts and Accessories of Machine Tools for Working Stone, Ceramics, Concrete, Asbestos-Cement or Like Mineral Materials or for Cold Working Glass by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 176,210,000 | 2023 | +5.44% | +39.01% | View data |
| 2 | 2 Germany | 146,070,000 | 2023 | +3.78% | +0.88% | View data |
| 3 | 3 Spain | 96,451,000 | 2023 | +13.51% | +14.88% | View data |
| 4 | 4 France | 7,292,200 | 2023 | +6.86% | +7.41% | View data |
| 5 | 5 Sweden | 5,562,400 | 2021 | +87.5% | View data | |
| 6 | 6 Austria | 4,358,700 | 2023 | +4.16% | -0.65% | View data |
| 7 | 7 Portugal | 1,672,000 | 2021 | +15.52% | +0.71% | View data |
| 8 | 8 United Kingdom | 1,529,700 | 2023 | -1.97% | -3.89% | View data |
| 9 | 9 Bulgaria | 704,390 | 2023 | +2.08% | +1.4% | View data |
| 10 | 10 Hungary | 258,660 | 2023 | +4.78% | +10.9% | View data |
