In 2023, Italy led the European market for light metal castings in machinery and mechanical appliances with a share of 41.33 euros, reflecting a healthy year-on-year growth of 3.15%. Other significant players include Germany and France, with shares of 19.97 euros and 13.82 euros, respectively, though Germany experienced a slight decline of 0.71% while France grew by 1.28%. Sweden saw a remarkable increase of 13.0%, and Bulgaria also showed strong growth at 10.63%. Hungary and the Netherlands posted positive growths, whereas the UK showed a modest increase.
Looking ahead, emerging economies in Eastern Europe, such as Bulgaria, are expected to continue gaining traction in the market. Additionally, a renewed emphasis on sustainability and innovation across the European casting industry could herald shifts in production methodologies, potentially impacting market shares.
Top countries in Sold Production of Light Metal Castings for Machinery and Mechanical Appliances Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 41.33 | 2023 | +2.27% | +3.15% | View data |
| 2 | 2 Germany | 19.97 | 2023 | +4.24% | -0.71% | View data |
| 3 | 3 France | 13.82 | 2023 | +8.71% | +1.28% | View data |
| 4 | 4 Czechia | 9.9 | 2023 | |||
| 5 | 5 Spain | 6.7 | 2023 | +8.57% | +5.32% | View data |
| 6 | 6 United Kingdom | 5.54 | 2023 | +1.49% | +0.68% | View data |
| 7 | 7 Hungary | 5.47 | 2023 | +3.85% | +1.55% | View data |
| 8 | 8 Netherlands | 2.75 | 2023 | +2.88% | +2.69% | View data |
| 9 | 9 Slovakia | 1.77 | 2023 | +3.61% | +0.24% | View data |
| 10 | 10 Sweden | 1.32 | 2023 | +2.32% | +13% | View data |
