The European market for light metal castings for land vehicles is led by Germany, with a production value of 3.1594 billion euros in 2023. Italy and Spain follow, showing consistent outputs of 1.2518 and 0.76688 billion euros respectively. Hungary marks the highest year-on-year growth at 3.03%, while France lags with a negative growth rate of -3.68%. Noteworthy are the impressive increases in Portugal (14.15%) and Croatia (3.85%). Estonia, though smallest in market size, exhibits growth at 4.37%. These figures illustrate varying dynamics across different European regions.
Looking forward, digitization of production and sustainable manufacturing practices may shift the competitive landscape. Countries with resource-efficient innovations and robust supply chains are expected to enhance their market shares in the light metal casting sector. Monitoring economic and environmental policies across the EU will provide valuable insights into future trends.
Top countries in Sold Production of Light Metal Castings for Land Vehicles by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,159,400,000 | 2023 | +8.83% | +0.68% | View data |
| 2 | 2 Italy | 1,251,800,000 | 2023 | +1.77% | +1% | View data |
| 3 | 3 Spain | 766,880,000 | 2023 | +9.02% | +1.04% | View data |
| 4 | 4 France | 537,930,000 | 2023 | +4.13% | -3.68% | View data |
| 5 | 5 Hungary | 368,750,000 | 2023 | +3.92% | +3.03% | View data |
| 6 | 6 Czechia | 318,490,000 | 2023 | |||
| 7 | 7 United Kingdom | 235,180,000 | 2023 | +0.2% | +1.23% | View data |
| 8 | 8 Sweden | 205,350,000 | 2023 | +7.37% | -0.55% | View data |
| 9 | 9 Netherlands | 142,040,000 | 2023 | +12.27% | +5.48% | View data |
| 10 | 10 Croatia | 77,597,000 | 2023 | +4.19% | +3.85% | View data |
