The European export of bearings, gears, gearing, and driving elements is dominated by Germany, accounting for about one-third of the market share in 2023, followed by Italy and Slovakia at 14.07% and 7.58% respectively. Notable growth over the last year includes Slovakia's rise with a 12.64% increase, while Greece experienced remarkable growth at 22.72%. Some markets like the UK and Hungary saw declines.
Future trends indicate potential growth in Eastern European countries due to industrial expansion, alongside increased exports from Germany and Italy fueled by innovation and technological advancements. Monitoring emerging markets and regulatory changes in Europe will be essential for stakeholders.
Top countries in Export of Bearings, Gears, Gearing and Driving Elements Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 33.84 | 2023 | +5.56% | +0.95% | View data |
| 2 | 2 Italy | 14.07 | 2023 | +5.84% | +0.36% | View data |
| 3 | 3 Slovakia | 7.58 | 2023 | +3.92% | +12.64% | View data |
| 4 | 4 France | 6.1 | 2023 | +2.7% | -0.87% | View data |
| 5 | 5 Spain | 6.04 | 2023 | +5.91% | +0.91% | View data |
| 6 | 6 Poland | 4.07 | 2023 | +2.08% | +1.48% | View data |
| 7 | 7 Belgium | 3.96 | 2023 | +5.42% | +1.49% | View data |
| 8 | 8 Netherlands | 3.88 | 2023 | +6.27% | +2.64% | View data |
| 9 | 9 Denmark | 2.98 | 2023 | +5.36% | +3.52% | View data |
| 10 | 10 Austria | 2.75 | 2023 | +8.72% | +1.6% | View data |
