In 2023, Germany led European production in the sector with 32.89%, followed by Italy at 28.85% and the Netherlands at 16.14%. The highest year-on-year growth was observed in France at 8.08% and Denmark at 21.19%. Belgium and Estonia experienced significant declines at -12.34% and -13.24%, respectively. Growth trends suggest a robust performance for smaller markets like Denmark and France, while larger markets showed steadier trends.
Future trends to watch include:
- Continued rises in technology integration and demand for advanced machinery components.
- Potential shifts due to supply chain dynamics and environmental regulations.
- Increasing industrial automation and sustainability initiatives driving demand across Europe.
Top countries in Sold Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings, Hand Wheels, Levers, Hand Grips, Safety Guards and Baseplates for Machinery Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32.89 | 2023 | +0.85% | +0.46% | View data |
| 2 | 2 Italy | 28.85 | 2023 | +2.94% | +0.54% | View data |
| 3 | 3 Netherlands | 16.14 | 2023 | +1.46% | +5.94% | View data |
| 4 | 4 Austria | 5.66 | 2023 | +4.69% | -3.26% | View data |
| 5 | 5 Spain | 3.15 | 2023 | +6.41% | +0.82% | View data |
| 6 | 6 Hungary | 2.94 | 2023 | +5.68% | +4.48% | View data |
| 7 | 7 Poland | 1.44 | 2023 | +3.92% | +0.72% | View data |
| 8 | 8 United Kingdom | 1.31 | 2023 | -0.55% | +1.28% | View data |
| 9 | 9 France | 0.93 | 2023 | +8.26% | +8.08% | View data |
| 10 | 10 Finland | 0.51 | 2023 | +9.07% | +5.96% | View data |
