In 2023, Italy led European countries with 194 high-growth enterprises in the metal forming machinery and machine tools sector, despite a slight decline of 1.29% from the previous year. The Czech Republic and Hungary showed growth, with increases of 4.56% and 7.63%, respectively. Portugal remained stable, while Slovakia, Romania, and Lithuania experienced declines, with Romania seeing the most significant drop at 19.73%. Norway maintained its numbers.
Future trends to watch for include:
- Continued growth potential in Central and Eastern European markets such as the Czech Republic and Hungary due to their recent performance.
- Challenges for Romania and other declining markets, necessitating strategic interventions to reverse negative trends.
- Overall sector resilience in Southern Europe, particularly Italy, despite recent fluctuations.
Top countries in Number of High Growth Enterprises in Metal Forming Machinery and Machine Tools by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 194 | 2023 | +18.29% | -1.29% | View data |
| 2 | 2 Czech Republic | 25 | 2023 | +19.05% | +4.56% | View data |
| 3 | 3 Hungary | 13 | 2023 | +8.33% | +7.63% | View data |
| 4 | 4 Portugal | 9 | 2023 | 0% | 0% | View data |
| 5 | 5 Slovakia | 4 | 2023 | +33.33% | -4.36% | View data |
| 6 | 6 Romania | 3 | 2023 | +50% | -19.73% | View data |
| 7 | 7 Norway | 2 | 2023 | +100% | View data | |
| 8 | 8 Lithuania | 2 | 2023 | 0% | -7.79% | View data |
