In 2023, Italy dominated the European market for the production of plastic parts for lamps, lighting fittings, and illuminated signs, holding 36.05% of the market share. Germany, despite a 5.03% decrease in production from the previous year, held the second-largest share at 16.62%. Hungary exhibited growth, increasing by 4.47%, while the United Kingdom saw a decline of 3.7%. Finland experienced a significant surge of 140.76%, possibly indicating emerging industry strength. Conversely, Slovakia faced the largest drop among the noted countries with a decrease of 7.83% from the previous year.
Looking forward, the industry may see further shifts as technology advances in smart lighting and sustainable materials. Key players like Italy and Germany need to innovate to maintain their positions, while countries like Finland and Estonia could potentially capture larger shares through continued growth and adaptation to market trends.
Top countries in Sold Production of Plastic Parts for Lamps, Lighting Fittings and Illuminated Signs and Name-Plates Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36.05 | 2023 | +9.4% | +4.11% | View data |
| 2 | 2 Germany | 16.62 | 2023 | +2.87% | -5.03% | View data |
| 3 | 3 Hungary | 12.63 | 2023 | +4.24% | +4.47% | View data |
| 4 | 4 United Kingdom | 11.9 | 2023 | -4.77% | -3.7% | View data |
| 5 | 5 Spain | 7.71 | 2023 | +2.88% | -1.31% | View data |
| 6 | 6 Poland | 6.66 | 2023 | -1.62% | -0.77% | View data |
| 7 | 7 Finland | 4.07 | 2023 | +22.68% | +140.76% | View data |
| 8 | 8 Lithuania | 2.06 | 2023 | +1.61% | +2.31% | View data |
| 9 | 9 Slovakia | 1.62 | 2023 | -8.91% | -7.83% | View data |
| 10 | 10 Ireland | 1.55 | 2023 | +4.2% | +3.88% | View data |
