In 2023, the European sold production of drop and precision forged steel parts for critical automotive components shows significant variation across countries. Italy leads with substantial production at 220.08 million Euros, with a modest year-on-year increase of 2.14%. Spain shows a strong 7.99% growth, standing at 35.169 million Euros. However, the United Kingdom and Croatia experience considerable declines of 10.09% and 23.9%, respectively. Meanwhile, smaller markets like Lithuania show an increase of 3.22%, whereas Estonia faces a sharp drop of 32.98%. France, though a major player, witnesses a slight decline of 3.04%.
Future trends to watch include technological advancements in forging processes improving efficiency and reducing costs, which may drive growth, particularly in markets like Italy and Spain. Additionally, the shift towards electric vehicles may influence demand, with potential impacts on countries heavily reliant on traditional automotive components production.
Top countries in Sold Production of Drop Forged (and Precision Forged) Steel Parts for Transmission Shafts, Camshafts, Crankshafts, Cranks, Bearing Housings and Plain Shaft Bearings by Country
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 220,080,000 | 2023 | +6.65% | +2.14% | View data |
| 2 | 2 Spain | 35,169,000 | 2023 | +15.25% | +7.99% | View data |
| 3 | 3 United Kingdom | 28,119,000 | 2023 | -9.95% | -10.09% | View data |
| 4 | 4 Czechia | 22,613,000 | 2023 | |||
| 5 | 5 France | 10,800,000 | 2023 | -1.42% | -3.04% | View data |
| 6 | 6 Croatia | 2,792,300 | 2023 | -4.35% | -23.9% | View data |
| 7 | 7 Lithuania | 62,300 | 2023 | +3.27% | +3.22% | View data |
| 8 | 8 Estonia | 1,220 | 2023 | -7.7% | -32.98% | View data |
| 9 | 9 Netherlands | 1,010 | 2023 | -31.3% | View data |
