In 2023, Germany led the European market for gearboxes and other speed changers with a production volume of 153.51 million kilograms, despite a slight decline of 0.56%. Italy followed with 122.89 million kilograms and an impressive growth of 7.73%. Belgium increased modestly by 2.87%, reaching 50.636 million kilograms. Spain experienced the most significant growth, surging by 46.57% to 28.399 million kilograms. In contrast, Denmark saw a sharp decrease of 14.27%. France and Finland showed moderate growth of 4.73% and 6.48%, respectively, while the Netherlands and Portugal recorded minimal changes. The UK and Czechia experienced declines.
In the future, the European market for gearboxes and speed changers may be influenced by technological advancements, sustainability trends, and regulatory developments. Manufacturers may increasingly adopt digitalization and smart technology, while also focusing on eco-friendly practices. Additionally, geopolitical trends and supply chain dynamics could impact production and distribution across the region.
Top countries in Sold Production of Gearboxes and Other Speed Changers for Machinery and Land and Sea Vehicles Excluding Gears and Gearing by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 153,510,000 | 2023 | +5.87% | -0.56% | View data |
| 2 | 2 Italy | 122,890,000 | 2023 | +3.44% | +7.73% | View data |
| 3 | 3 Belgium | 50,636,000 | 2023 | -0.093% | +2.87% | View data |
| 4 | 4 Denmark | 34,631,000 | 2023 | +0.05% | -14.27% | View data |
| 5 | 5 Spain | 28,399,000 | 2023 | +1.34% | +46.57% | View data |
| 6 | 6 France | 22,673,000 | 2023 | +10.89% | +4.73% | View data |
| 7 | 7 Netherlands | 13,647,000 | 2023 | +20.46% | +1.27% | View data |
| 8 | 8 Finland | 10,112,000 | 2023 | -2.11% | +6.48% | View data |
| 9 | 9 Czechia | 2,254,600 | 2023 | |||
| 10 | 10 United Kingdom | 1,449,500 | 2023 | -5.73% | -5.9% | View data |
