In 2023, Germany dominated the European sold production of gear boxes and their parts, accounting for the largest share at 54.78% of the market in euros. It is followed by France (11.33%), Sweden (7.39%), and Italy (5.1%). Smaller markets in this sector include Estonia (0.00038%) and Croatia (0.014%). Over the last year, notable positive variations were seen in Hungary (11.85%), Poland (7.04%), and Austria (7.57%), whereas a decline was observed in the United Kingdom (-2.65%) and Norway (-2.83%).
Future trends to watch include increased demand for innovative and efficient gearbox technologies. As European countries push for tighter environmental regulations, the market is expected to focus more on sustainable production methods. Germany, with its robust industrial framework, likely remains influential, while Eastern European countries could see growth due to lower production costs and increasing industrialization.
Top countries in Sold Production of Gear Boxes and Their Parts Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 54.78 | 2023 | +5.84% | +0.67% | View data |
| 2 | 2 France | 11.33 | 2023 | -1.05% | -0.93% | View data |
| 3 | 3 Sweden | 7.39 | 2023 | +7.83% | +0.24% | View data |
| 4 | 4 Italy | 5.1 | 2023 | +2.28% | +1.81% | View data |
| 5 | 5 Czechia | 4.28 | 2023 | |||
| 6 | 6 Spain | 4.22 | 2023 | +5.58% | -0.7% | View data |
| 7 | 7 Slovakia | 3.55 | 2023 | +2.67% | -0.16% | View data |
| 8 | 8 Hungary | 3.04 | 2023 | +4.26% | +11.85% | View data |
| 9 | 9 United Kingdom | 2.44 | 2023 | -0.72% | -2.65% | View data |
| 10 | 10 Poland | 2.19 | 2023 | +1.15% | +7.04% | View data |
