In 2023, Sweden led European production of rock-drilling and earth-boring tools at €298.29 million, followed by Germany at €288.41 million. Italy saw significant growth with a 17.06% increase, while Austria had a modest rise of 2.59%. Poland's production grew by 4.96%, and the Netherlands experienced an 8.82% increase. Lithuania, Romania, and Finland reported minimal or negative changes.
Future trends to watch:
- Continued technological advancements in tool efficiency, driving demand.
- Potential market expansion due to upsurge in European infrastructure projects.
- Sustainability trends influencing material sourcing and production processes.
Top countries in Sold Production of Rock-Drilling or Earth-Boring Tools, Interchangeable by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 298,290,000 | 2021 | +51.21% | View data | |
| 2 | 2 Germany | 288,410,000 | 2023 | +3.82% | +4.91% | View data |
| 3 | 3 Italy | 67,944,000 | 2023 | -0.32% | +17.06% | View data |
| 4 | 4 France | 28,617,000 | 2021 | +19.95% | View data | |
| 5 | 5 Austria | 19,496,000 | 2023 | +1.89% | +2.59% | View data |
| 6 | 6 Poland | 14,231,000 | 2023 | +2.05% | +4.96% | View data |
| 7 | 7 Netherlands | 4,681,000 | 2023 | +6.53% | +8.82% | View data |
| 8 | 8 Lithuania | 483,370 | 2023 | +7.47% | View data | |
| 9 | 9 Romania | 304,250 | 2023 | +6.83% | +1.3% | View data |
| 10 | 10 Finland | 176,170 | 2023 | +4.38% | -3.95% | View data |
