As of 2023, Germany leads European locks and hinges production with €8.91 billion, followed by Austria and Italy. Notable year-on-year growth includes Sweden's surge at 25.66%, while France and Spain experienced declines of -4.4% and -4.33% respectively. Bulgaria and Latvia also saw significant growth at 6.41% and 8.35% respectively. Meanwhile, countries like Croatia and Norway saw downturns. Over five years, Austria displayed consistent growth, highlighting its strengthening market position.
Future Trends to Watch:
- Enhanced smart lock and innovative hinge solutions driving production growth in Germany and Austria.
- Potential market recovery in France and Spain as they strive to adapt to technological advancements.
- Emerging markets such as Bulgaria and Latvia showing potential as new growth centers.
Top countries in Locks and Hinges Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,910 | 2023 | +4.59% | +1.15% | View data |
| 2 | 2 Austria | 2,750 | 2023 | +2.31% | +1.57% | View data |
| 3 | 3 Italy | 1,440 | 2023 | -0.6% | -0.85% | View data |
| 4 | 4 France | 1,110 | 2023 | -1.23% | -4.4% | View data |
| 5 | 5 Sweden | 998 | 2023 | +6.32% | +25.66% | View data |
| 6 | 6 United Kingdom | 969.8 | 2023 | +0.39% | +0.31% | View data |
| 7 | 7 Spain | 755.6 | 2023 | -3.67% | -4.33% | View data |
| 8 | 8 Portugal | 376.2 | 2023 | +12.06% | +9.1% | View data |
| 9 | 9 Poland | 306.1 | 2023 | +1.06% | +1.03% | View data |
| 10 | 10 Belgium | 294.4 | 2023 | +2.51% | +2.96% | View data |
