In 2023, Germany led the European market for ductile iron castings for machinery and mechanical appliances, excluding piston engines, with a dominant share, although it saw a slight decline. Italy and Spain were notable contributors with Italy slightly increasing and Spain experiencing significant growth. Meanwhile, France faced a decline. Sweden and the Netherlands recorded the most substantial growth, indicating robust industry conditions. Minor players like Estonia and Belgium saw negligible change, and the market across other regions displayed mixed variations.
Future trends to watch include potential further growth in the Netherlands and Sweden, given current trajectories, while watching for stabilization or decline in Germany and France. Increasing environmental regulations across Europe may influence production techniques and cost structures. Additionally, economic conditions in the European Union and technological advances could impact market dynamics.
Top countries in Sold Production of Ductile Iron Castings for Machinery and Mechanical Appliances Excluding for Piston Engines Share by Country (Euros)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Germany | 55.53 | 2023 | +6.2% | -0.56% | View data |
2 | 2 Italy | 17.28 | 2023 | +0.071% | +0.26% | View data |
3 | 3 Spain | 7.43 | 2023 | +8.7% | +4.47% | View data |
4 | 4 France | 6.03 | 2023 | -3.01% | -4.11% | View data |
5 | 5 United Kingdom | 3.85 | 2023 | +2.09% | +0.33% | View data |
6 | 6 Sweden | 3.64 | 2023 | +2.8% | +5.38% | View data |
7 | 7 Netherlands | 3.1 | 2023 | +15.32% | +7.6% | View data |
8 | 8 Czechia | 3.03 | 2023 | |||
9 | 9 Finland | 2.04 | 2023 | +8.86% | +0.07% | View data |
10 | 10 Croatia | 1.96 | 2023 | +1.75% | +0.33% | View data |