In 2023, Italy led the European market for parts of non-electric industrial or laboratory furnaces and ovens, holding a 37.09% share by value, followed by Germany (25.81%) and Czechia (19.62%). While Italy showed a growth of 4.53% year-on-year, Germany and France experienced slight declines. Remarkably, Estonia saw a substantial increase of 147.93%, though from a smaller base, indicating a burgeoning growth opportunity. From 2019 to 2023, the European market has witnessed fluctuating performances, with Denmark showing steady growth and Poland experiencing a recession.
Looking forward, manufacturers should watch for:
- Technological advancements boosting efficiency and demand.
- Potential shifts in production due to changing regulations and trade dynamics.
- Increased competition from developing markets within Europe.
Top countries in Sold Production of Parts for Non-Electric Industrial or Laboratory Furnaces and Ovens Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 37.09 | 2023 | +5.12% | +4.53% | View data |
| 2 | 2 Germany | 25.81 | 2023 | +1.58% | -2.03% | View data |
| 3 | 3 Czechia | 19.62 | 2023 | |||
| 4 | 4 United Kingdom | 5.51 | 2023 | -3.52% | -5.58% | View data |
| 5 | 5 Spain | 5.39 | 2023 | +7.1% | +3.97% | View data |
| 6 | 6 France | 4.95 | 2023 | +8.46% | -3% | View data |
| 7 | 7 Denmark | 2.59 | 2023 | +26.48% | +11.08% | View data |
| 8 | 8 Poland | 1.84 | 2023 | -5.74% | -11.99% | View data |
| 9 | 9 Portugal | 0.94 | 2023 | +13.82% | +0.94% | View data |
| 10 | 10 Estonia | 0.33 | 2023 | +1.5% | +147.93% | View data |
