In 2023, Germany led the European market for iron or steel cold-formed helical coil tension springs, holding 41.46% of the market share in value. Italy and Poland followed with 19.01% and 12.86% respectively. Spain and the UK had smaller shares of 8.3% and 4.84%. Hungary and France captured minimal shares at 3.89% and 3.45%, with the remaining countries holding less than 3% each. Variations from 2023 indicate notable shifts, with Italy increasing by 7.69% and France decreasing by 16.61%.
Future trends to watch include:
- Potential market expansion in Italy due to its recent growth trajectory.
- Stability or slight increase in Germany's share despite slower growth.
- Emerging markets like Poland and Hungary continue their upward trends.
- Watch for innovation or policy changes affecting production and demand.
Top countries in Sold Production of Iron or Steel Cold-Formed Helical Coil Tension Springs Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41.46 | 2023 | +3.52% | +0.45% | View data |
| 2 | 2 Italy | 19.01 | 2023 | +2.15% | +7.69% | View data |
| 3 | 3 Poland | 12.86 | 2023 | +4.48% | +3.83% | View data |
| 4 | 4 Spain | 8.3 | 2023 | +12.37% | -0.49% | View data |
| 5 | 5 United Kingdom | 4.84 | 2023 | -0.42% | -0.039% | View data |
| 6 | 6 Hungary | 3.89 | 2023 | +6.5% | +5.04% | View data |
| 7 | 7 France | 3.45 | 2023 | -7.62% | -16.61% | View data |
| 8 | 8 Czechia | 2.35 | 2023 | |||
| 9 | 9 Netherlands | 2.06 | 2023 | +6.22% | +7.56% | View data |
| 10 | 10 Denmark | 1.01 | 2023 | -0.72% | +6.33% | View data |
