In 2023, Germany leads the European market for milling tools excluding for working metal with a production of 92.859 million euros. Italy follows at 55.509 million euros, supported by a significant growth trend of 8.51% from the previous year. Czechia and Austria have also notable standings, with Czechia highlighted for its stable base. Spain and France experienced declines, particularly France with a -26.82% drop year-on-year. Lithuania shows promising growth, up 9.07%, contrasting starkly with Finland's dramatic 65.18% decrease.
Future trends to monitor include technological advancements in tool manufacturing and increased demand in Eastern European countries like Poland and Lithuania. Environmental and sustainability regulations may also impact production dynamics in this sector. Global supply chain adjustments and trade policies will further influence European market shifts.
Top countries in Sold Production of Milling Tools (Excluding for Working Metal) by Country
# | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Germany | 92,859,000 | 2023 | +0.73% | +0.82% | View data |
2 | 2 Italy | 55,509,000 | 2023 | +3.94% | +8.51% | View data |
3 | 3 Czechia | 40,717,000 | 2023 | |||
4 | 4 Austria | 21,424,000 | 2021 | +3.81% | View data | |
5 | 5 Poland | 9,925,100 | 2023 | +2.92% | +3.39% | View data |
6 | 6 Spain | 2,561,000 | 2023 | -2.51% | -4.35% | View data |
7 | 7 Lithuania | 1,415,100 | 2023 | +5.61% | +9.07% | View data |
8 | 8 France | 728,520 | 2023 | -45.96% | -26.82% | View data |
9 | 9 Croatia | 543,280 | 2023 | +2.76% | +4.32% | View data |
10 | 10 Estonia | 79,590 | 2023 | +32.88% | View data |