In 2023, Germany remains the leader in the production of gearboxes and speed changers within Europe, achieving sales of 1.3985 billion euros. Italy and Belgium follow, with significant outputs of 1.0962 and 0.44501 billion euros, respectively. Noteworthy growth was seen in Spain and Finland, with Spain increasing by nearly 49.48% and Finland by 25.38% year-on-year. However, the UK and Denmark saw declines, at -11.7% and -10.23%, respectively. Despite minor overall changes in some regions, Europe continues a diverse production landscape dominated by Germany.
Future trends to watch include the potential for increased innovation in Germany's dominant market, and whether the substantial growth observed in Spain and Finland can be sustained. Additionally, the ongoing shift towards electric and sustainable solutions may alter demand dynamics, particularly affecting production lines traditionally catering to internal combustion engine vehicles.
Top countries in Sold Production of Gearboxes and Other Speed Changers for Machinery and Land and Sea Vehicles Excluding Gears and Gearing by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,398,500,000 | 2023 | +1.61% | +1.78% | View data |
| 2 | 2 Italy | 1,096,200,000 | 2023 | +3.92% | +3.37% | View data |
| 3 | 3 Belgium | 445,010,000 | 2023 | +1.08% | +0.26% | View data |
| 4 | 4 Spain | 309,050,000 | 2023 | +19.73% | +49.48% | View data |
| 5 | 5 Finland | 255,990,000 | 2023 | +1.72% | +25.38% | View data |
| 6 | 6 Denmark | 221,240,000 | 2023 | +0.17% | -10.23% | View data |
| 7 | 7 France | 166,980,000 | 2023 | +1.53% | +0.65% | View data |
| 8 | 8 Netherlands | 38,493,000 | 2023 | +9.46% | +2.64% | View data |
| 9 | 9 Czechia | 34,782,000 | 2023 | |||
| 10 | 10 United Kingdom | 30,532,000 | 2023 | -13.84% | -11.7% | View data |
