The European sold production of installation of industrial machinery and equipment saw a varied landscape in 2023. France and Germany led with values of 12.79 and 12.588 billion euros respectively, while countries like Lithuania and Latvia had minimal market shares. Notably, Norway, Bosnia and Herzegovina, and Greece experienced substantial growth with year-on-year increases of 11.83%, 15.96%, and 16.57% respectively. Conversely, the United Kingdom and Belgium saw declines at -3.7% and -2.67%. Over the five-year span, countries like the Netherlands and Finland showed strong CAGR performance, indicating solid growth trajectories.
Looking ahead, watch for:
- Potential shifts in market leaders as countries like Italy and Spain demonstrate robust performance improvements.
- The impact of economic and policy factors across Europe that may influence future investment in industrial installations.
- Technological advancements and digitalization, driving efficiencies and prompting sector growth across the region.
Top countries in Sold Production of Installation of Industrial Machinery and Equipment by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 12,790,000,000 | 2023 | +0.97% | +1.09% | View data |
| 2 | 2 Germany | 12,588,000,000 | 2023 | +0.95% | +1.18% | View data |
| 3 | 3 Italy | 6,812,400,000 | 2023 | +0.5% | +1.28% | View data |
| 4 | 4 Austria | 3,283,700,000 | 2023 | +5.48% | +1.25% | View data |
| 5 | 5 Spain | 3,108,500,000 | 2023 | +6.64% | +2.23% | View data |
| 6 | 6 United Kingdom | 2,599,600,000 | 2023 | -1.37% | -3.7% | View data |
| 7 | 7 Netherlands | 2,392,700,000 | 2023 | +1.77% | +4.73% | View data |
| 8 | 8 Poland | 1,914,000,000 | 2023 | +2.54% | +0.62% | View data |
| 9 | 9 Belgium | 1,523,300,000 | 2023 | +2.87% | -2.67% | View data |
| 10 | 10 Czechia | 1,074,300,000 | 2023 |
