The 2023 data reveals that Germany leads in employment numbers in the European fasteners and screw machine products sector, followed by Italy, France, and the United Kingdom. While Germany saw a slight decrease (-0.63%), Italy and France witnessed growth, indicating resilience in those markets. Notably, Croatia displayed a significant increase in employment (19.88%), pointing to burgeoning opportunities. Conversely, Romania experienced a significant decline (-8.45%), followed by Czech Republic and Slovakia. Latvia's employment surged (7.06%) despite its small size, hinting at potential competitive advantage or operational improvements.
Looking forward, trends to watch include potential economic recovery in declining markets like Romania and Czech Republic, potential market expansions in the Baltics, and how political or economic fluctuations might impact major players like Germany and Italy. Monitoring technological advancements in manufacturing processes will also be vital as they might affect job numbers in this sector.
Top countries in Fasteners and Screw Machine Products Number of Persons Employed by Country
| # | 10 Countries | Units (Employees) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23,410 | 2023 | +0.33% | -0.63% | View data |
| 2 | 2 Italy | 10,540 | 2023 | +1.46% | +1.51% | View data |
| 3 | 3 France | 9,950 | 2023 | +2.09% | +1.19% | View data |
| 4 | 4 United Kingdom | 5,880 | 2023 | +0.72% | +0.88% | View data |
| 5 | 5 Poland | 5,810 | 2023 | -0.51% | -1.53% | View data |
| 6 | 6 Spain | 3,410 | 2023 | -0.26% | -0.082% | View data |
| 7 | 7 Czech Republic | 3,270 | 2023 | -2.24% | -3.06% | View data |
| 8 | 8 Croatia | 2,420 | 2023 | +3.78% | +19.88% | View data |
| 9 | 9 Sweden | 986 | 2023 | +0.2% | -0.64% | View data |
| 10 | 10 Serbia | 846 | 2023 | +1.32% | +1.54% | View data |
