The European export market for gear cutting, grinding, or finishing machines in 2024 shows Germany leading with a strong position, whereas the United Kingdom experiences a significant decline of 15.83%. Notable growth is seen in countries like Belgium and Sweden, with increases of 43.85% and 94.38% respectively, while Denmark also grows by 10.9%. Spain shows an impressive rise of 76.23% and Slovakia follows at 96.55%. Ireland marks the highest spike at 125.26%, driven by increasing demand. In contrast, countries such as Italy, Hungary, and Croatia reported declining values, with Hungary experiencing a complete halt.
Looking forward, the growth drivers include technological innovation and increasing demand for specialized machinery in emerging markets. Enhanced collaboration within the EU and sustainability trends could further boost exports. However, market volatility and economic uncertainties pose potential challenges to maintaining these growth trajectories.
Top countries in Export of Gear Cutting, Gear Grinding or Gear Finishing Machines for Working Metals, Metal Carbides or Cermets by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,610 | 2023 | -34.61% | View data | |
| 2 | 2 United Kingdom | 2,370 | 2023 | -14.37% | -15.83% | View data |
| 3 | 3 Denmark | 1,650 | 2023 | +38.46% | +10.9% | View data |
| 4 | 4 Belgium | 653 | 2023 | +6.7% | +43.85% | View data |
| 5 | 5 Spain | 612 | 2023 | +2.34% | +76.23% | View data |
| 6 | 6 Netherlands | 586 | 2021 | +354.26% | +121.46% | View data |
| 7 | 7 Italy | 384 | 2023 | +18.52% | -11.86% | View data |
| 8 | 8 Sweden | 333 | 2023 | +28.08% | +94.38% | View data |
| 9 | 9 Slovakia | 264 | 2023 | -4.35% | +96.55% | View data |
| 10 | 10 Luxembourg | 120 | 2023 | +4.35% | View data |
