In 2023, Germany leads in European locks and hinges production with €46.41 million, followed by Austria at €14.31 million. While Sweden showed the most significant growth at 25.66%, declines were noted in Italy (-0.85%) and France (-4.4%). Forecasts for 2024 may be influenced by these trends.
Future trends to watch include:
- Potential for innovation-driven growth in leading markets like Germany and Austria.
- Continued strong performance from Sweden driven by technology and design advances.
- Recovery and growth strategies in countries with recent declines, such as France and Italy.
- Expansion opportunities in Eastern Europe with notable growth from Romania and Bulgaria.
Top countries in Locks and Hinges Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46.41 | 2023 | +4.59% | +1.15% | View data |
| 2 | 2 Austria | 14.31 | 2023 | +2.31% | +1.57% | View data |
| 3 | 3 Italy | 7.48 | 2023 | -0.6% | -0.85% | View data |
| 4 | 4 France | 5.79 | 2023 | -1.23% | -4.4% | View data |
| 5 | 5 Sweden | 5.2 | 2023 | +6.32% | +25.66% | View data |
| 6 | 6 United Kingdom | 5.05 | 2023 | +0.39% | +0.31% | View data |
| 7 | 7 Spain | 3.94 | 2023 | -3.67% | -4.33% | View data |
| 8 | 8 Portugal | 1.96 | 2023 | +12.06% | +9.1% | View data |
| 9 | 9 Poland | 1.59 | 2023 | +1.06% | +1.03% | View data |
| 10 | 10 Belgium | 1.53 | 2023 | +2.51% | +2.96% | View data |
