In 2024, Germany remains the dominant player in the European metal forming machinery market with a 60.79% market share, despite a slight year-on-year decrease of -1.46%. Italy follows with a 21.24% share, also experiencing a minor decline of -1.32%. Spain holds a 4.29% share, down -1.13%, while France, with a 2.87% share, has the most significant drop among the top five at -2.69%. Austria's share increased by 13.4%, the highest among positive variations. Meanwhile, the United Kingdom and Poland saw substantial declines of -12.22% and -9.45%, respectively. Noteworthy growth includes Serbia at 26.03% and Slovenia at 5.07%. Conversely, Belgium experienced an alarming -48.01% drop, and countries like the Netherlands and Bosnia and Herzegovina also showed significant decreases.
Future trends to watch for include:
- Potential shifts in market dynamics due to varying growth rates across smaller countries like Serbia and Slovenia.
- The impact of technological advancements and automation in Germany and Italy, which could dictate their future shares.
- Monitoring Austria's sustainable growth, which may attract more investment.
- The effects of economic policies and manufacturing incentives in countries showing significant declines, like the United Kingdom and Poland.
Top countries in Sold Production of Metal Forming Machinery Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 60.79 | 2023 | +9.5% | -1.46% | View data |
| 2 | 2 Italy | 21.24 | 2023 | +3.51% | -1.32% | View data |
| 3 | 3 Spain | 4.29 | 2023 | +6.9% | -1.13% | View data |
| 4 | 4 Czechia | 3.36 | 2023 | |||
| 5 | 5 France | 2.87 | 2023 | +8.6% | -2.69% | View data |
| 6 | 6 Austria | 1.75 | 2023 | +20.16% | +13.4% | View data |
| 7 | 7 United Kingdom | 1.1 | 2023 | -4.18% | -12.22% | View data |
| 8 | 8 Poland | 0.71 | 2023 | +0.45% | -9.45% | View data |
| 9 | 9 Finland | 0.65 | 2023 | +7.81% | -1.98% | View data |
| 10 | 10 Hungary | 0.61 | 2023 | +2.44% | +1.94% | View data |