The European computer hardware market displayed varied performance across countries, with the Czech Republic notably leading with €7.9 billion, reflecting a robust growth of 1.02% year-on-year in 2023. Germany, despite its significant market size, saw a downturn of 10.21%. The United Kingdom also declined slightly by 2.04%. Italy and Hungary showed positive trends with growth rates of 1.05% and 9.19%, respectively. In contrast, France experienced a sharp decline of 13.37%. Switzerland faced the steepest drop with a negative 24.36%. Smaller markets like Bulgaria and Slovenia witnessed substantial growth of 6.79% and 8.03%, respectively.
Future trends to watch for in European computer hardware turnover include:
- Continued growth in Eastern European markets like the Czech Republic and Hungary.
- Potential recovery in larger economies such as Germany and France as they adapt to post-pandemic changes.
- Increased digital transformation initiatives across Europe that could drive hardware demand.
- Technological advancements and increasing reliance on cloud computing and AI could stimulate growth.
Top countries in Computer Hardware Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 7,900 | 2023 | +3.16% | +1.02% | View data |
| 2 | 2 Germany | 3,300 | 2023 | +1.57% | -10.21% | View data |
| 3 | 3 United Kingdom | 2,120 | 2023 | -0.65% | -2.04% | View data |
| 4 | 4 Italy | 1,260 | 2023 | -0.54% | +1.05% | View data |
| 5 | 5 Hungary | 908.9 | 2023 | -2.72% | +9.19% | View data |
| 6 | 6 Poland | 647.7 | 2023 | -2.23% | -1.83% | View data |
| 7 | 7 Romania | 503.6 | 2023 | +4.89% | +0.16% | View data |
| 8 | 8 Serbia | 371.2 | 2023 | +0.92% | +3.12% | View data |
| 9 | 9 Sweden | 346.7 | 2023 | +7.84% | +0.53% | View data |
| 10 | 10 Slovakia | 297.3 | 2023 | +14.61% | +1.29% | View data |
