Germany is a dominant player in European production of bearings, gears, gearing, and driving elements with a 2023 share of 43.43%. Italy follows with 27.21%, and Slovakia ranks third at 6.55%. Notably, Germany and France showed slight decreases in production, while Slovakia and Poland exhibited positive growth. Remarkable growth was seen in Nordic and Baltic countries like Norway and Estonia, albeit from a small base. Meanwhile, Belgium faced a significant contraction. The recent compound annual growth rates suggest ongoing shifts in production dynamics across European countries.
In the future, growth is expected to be driven by technological advancements and increased demand for advanced mechanical components. Countries like Poland and Slovakia may continue to gain share, benefiting from modern manufacturing capabilities and strategic investments. Monitoring shifts in European industrial policies and sustainability trends will be crucial in predicting longer-term distribution changes across regions.
Top countries in Sold Production of Bearings, Gears, Gearing and Driving Elements Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.43 | 2023 | +4.44% | -0.69% | View data |
| 2 | 2 Italy | 27.21 | 2023 | +11.26% | +1.21% | View data |
| 3 | 3 Slovakia | 6.55 | 2023 | +2.12% | +2.39% | View data |
| 4 | 4 France | 5.61 | 2023 | +12.43% | -0.8% | View data |
| 5 | 5 Spain | 4.33 | 2023 | +2.59% | -2.29% | View data |
| 6 | 6 Denmark | 2.72 | 2023 | +3.11% | -8.78% | View data |
| 7 | 7 Poland | 2.5 | 2023 | +1.28% | +4.63% | View data |
| 8 | 8 Austria | 1.44 | 2023 | +4.89% | +0.27% | View data |
| 9 | 9 Romania | 1.15 | 2023 | +1.09% | -14.16% | View data |
| 10 | 10 United Kingdom | 1.09 | 2023 | -3.44% | -1.57% | View data |
