In 2023, Germany dominated Europe's grey iron castings for land vehicles with a production value of €1.303 billion, followed by Italy and Spain at €0.24109 billion and €0.21965 billion, respectively. While Germany experienced a year-on-year growth of 1.36%, Italy saw a significant rise of 3.07%, contrasting with Portugal's decline of -1.33% and France's -13.74%. Over the last five years, Germany, Italy, and Spain exhibited varying growth rates, marking a trend of industry stabilization and slow growth in established markets.
Future trends to watch include:
- Technological advancements in efficient casting methods.
- Environmental regulations driving innovations towards sustainable production.
- Potential shifts in production dynamics favoring Eastern European countries.
- The impact of economic conditions on automotive demand across Europe.
Top countries in Sold Production of Grey Iron Castings for Land Vehicles by Country
# | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Germany | 1,303,000,000 | 2023 | +7.79% | +1.36% | View data |
2 | 2 Italy | 241,090,000 | 2023 | +14.27% | +3.07% | View data |
3 | 3 Spain | 219,650,000 | 2023 | +8% | +0.69% | View data |
4 | 4 Portugal | 47,708,000 | 2023 | +11.26% | -1.33% | View data |
5 | 5 France | 18,882,000 | 2023 | -17.19% | -13.74% | View data |
6 | 6 Poland | 15,505,000 | 2023 | +0.39% | -1.12% | View data |
7 | 7 Croatia | 1,131,100 | 2023 | -15.07% | -28.43% | View data |
8 | 8 Finland | 973,400 | 2023 | +20.48% | -17.63% | View data |
9 | 9 Hungary | 357,610 | 2023 | -2.17% | -3.61% | View data |