The European sold production of locks and hinges is largely dominated by Germany, holding a 35.65% share in 2023, followed by Italy at 23.32%, and Austria at 17.7%. From 2022 to 2023, Germany and Austria showed positive growth rates of 4.84% and 3.62%, respectively, indicating robust performance. Italy's share increased marginally by 0.38%. Conversely, Spain, Poland, and France saw declines, with France experiencing a significant 4.83% drop. Among smaller players, Portugal and Slovakia demonstrated remarkable growth, both at around a 10% increase, while Norway surged with a 40.03% rise.
In the future, observe potential shifts in production due to technological advancements and economic shifts, including increased automation and renewable initiatives. Germany may consolidate its lead, while countries with rapid growth, like Norway and Slovakia, could capture higher market shares. The market may also see increased competition from emerging economies outside Europe.
Top countries in Sold Production of Locks and Hinges Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 35.65 | 2023 | +5.19% | +4.84% | View data |
| 2 | 2 Italy | 23.32 | 2023 | +8.35% | +0.38% | View data |
| 3 | 3 Austria | 17.7 | 2023 | +2.84% | +3.62% | View data |
| 4 | 4 Spain | 4.06 | 2023 | +4.92% | -0.22% | View data |
| 5 | 5 Poland | 3.78 | 2023 | +2.08% | -0.93% | View data |
| 6 | 6 France | 2.3 | 2023 | +2.63% | -4.83% | View data |
| 7 | 7 Czechia | 1.89 | 2023 | |||
| 8 | 8 United Kingdom | 1.76 | 2023 | -1.34% | -6.21% | View data |
| 9 | 9 Hungary | 1.49 | 2023 | +2.07% | +1.29% | View data |
| 10 | 10 Portugal | 1.34 | 2023 | +3.48% | +10.86% | View data |
