In 2023, Germany led the European market in machine tools work holders' production at €848.09 million, followed by the UK and Slovakia. Germany's growth was marginal at 3.2%, whereas the UK exhibited a significant 56% increase. Notably, Slovakia showcased robust growth at 12.54%. Contrasting declines were observed in Spain and France, with France experiencing a drastic 21.14% decrease. Meanwhile, incremental advancements were seen in Romania, Italy, and Poland.
Future trends to watch:
- Potential stabilization in France post-2023 declines
- Expansion in Eastern European markets like Slovakia and Romania due to increasing industrial investments
- Potential slowing growth in saturated markets, such as Germany
Top countries in Sold Production of Machine Tools Work Holders by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 848,090,000 | 2023 | +8.15% | +0.032% | View data |
| 2 | 2 United Kingdom | 218,880,000 | 2023 | -1.22% | +0.56% | View data |
| 3 | 3 Slovakia | 30,644,000 | 2023 | +6.81% | +12.54% | View data |
| 4 | 4 Ireland | 19,303,000 | 2023 | +9.16% | +0.31% | View data |
| 5 | 5 Italy | 19,262,000 | 2023 | +29.31% | +7.44% | View data |
| 6 | 6 Czechia | 18,528,000 | 2023 | |||
| 7 | 7 Romania | 12,202,000 | 2023 | +2.56% | +11.21% | View data |
| 8 | 8 Poland | 7,284,700 | 2023 | +1.03% | +7.97% | View data |
| 9 | 9 Estonia | 5,937,700 | 2023 | +25.52% | View data | |
| 10 | 10 Spain | 4,644,100 | 2023 | -4.98% | -4.44% | View data |
