In 2023, Germany led the European sold production of machinery installation for mining, quarrying, and construction, holding a significant share at 36.04%, followed by Spain at 17.02% and Poland at 14.06%. The fluctuations in the industry were evident with Norway showing a remarkable 21.36% increase and France a 4.9% rise. In contrast, Poland saw a decline by 6.07%. Over the last two years, Sweden and Italy also experienced reductions of 2.05% and 3.35%, respectively, indicating a shift in market dynamics. Denmark, however, maintained stability with no variation, similar to Estonia.
Looking ahead, market observers should focus on potential growth in emerging markets like Norway, benefiting from technological advancements. Additionally, efforts towards sustainable mining and construction practices could influence national consumption and production patterns, driving changes in country shares.
Top countries in Sold Production of Installation of Machinery for Mining, Quarrying and Construction Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 36.04 | 2023 | +4.77% | +0.98% | View data |
| 2 | 2 Spain | 17.02 | 2023 | +5.1% | +1.74% | View data |
| 3 | 3 Poland | 14.06 | 2023 | +2.99% | -6.07% | View data |
| 4 | 4 Sweden | 12.35 | 2023 | +0.52% | -2.05% | View data |
| 5 | 5 France | 12.24 | 2023 | +7.9% | +4.9% | View data |
| 6 | 6 Denmark | 8.6 | 2023 | +20.53% | View data | |
| 7 | 7 Norway | 3.7 | 2023 | +7.12% | +21.36% | View data |
| 8 | 8 Finland | 3.2 | 2023 | +2.59% | +4.4% | View data |
| 9 | 9 Italy | 0.86 | 2023 | +27.46% | -3.35% | View data |
| 10 | 10 Estonia | 0.019 | 2023 | +89.07% | View data |
