In 2023, Germany led European production of earthmoving and lifting machinery parts with €1.7455 billion, though it experienced a slight decrease of 1.24% from the previous year. Italy and Sweden followed, with Italy's production growing by 2.05%, and Sweden showing impressive growth at 16%. Notably, Bulgaria and the Netherlands also saw growth exceeding 5%. Meanwhile, Lithuania recorded a significant decline of 53.11%.
Future trends to watch include:
- Continued growth potential in Sweden and Bulgaria due to strong year-on-year increases in production.
- The impact of economic fluctuations or regulatory changes on Germany’s sector leadership.
- The possible recovery in France and Lithuania, considering their significant decreases.
- Emerging trends in sustainability and technological advancements in machinery affecting production dynamics across Europe.
Top countries in Sold Production of Parts for Earthmoving Equipment, Ships' Derricks, Cranes, Mobile Lifting Frames for Boring or Sinking Machinery by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,745,500,000 | 2023 | +4.85% | -1.24% | View data |
| 2 | 2 Italy | 1,042,000,000 | 2023 | +6.65% | +2.05% | View data |
| 3 | 3 Sweden | 679,600,000 | 2023 | +5.05% | +16% | View data |
| 4 | 4 Poland | 309,160,000 | 2023 | +3.5% | +3.42% | View data |
| 5 | 5 Czechia | 253,490,000 | 2023 | |||
| 6 | 6 United Kingdom | 182,240,000 | 2023 | -0.14% | -1.18% | View data |
| 7 | 7 Bulgaria | 129,630,000 | 2023 | +5.97% | +6.16% | View data |
| 8 | 8 Netherlands | 105,040,000 | 2023 | +2.77% | +5.27% | View data |
| 9 | 9 Slovakia | 98,360,000 | 2023 | +2.18% | -0.74% | View data |
| 10 | 10 Spain | 88,646,000 | 2023 | +9.1% | +2.58% | View data |
