The European sold production of parts and accessories of machines and apparatus is led by the Netherlands, which showed an impressive increase of 23.43% in 2023, reinforcing its dominant position. Germany follows, holding a significant share but with minimal growth of 0.63% in the same year. The UK managed a modest rise of 2.36%, whereas Austria and Hungary experienced declines of 6.28% and 1.05% respectively. Frances’s share grew by 6.04%, while Denmark saw a notable decrease of 19.48%. Croatia and Lithuania, although having much smaller shares, experienced some of the highest growth percentages at 0.55% and 141.63% respectively.
Looking ahead, the market is expected to evolve with technological advancements and innovation driving demand for machine parts and accessories. Potential shifts may occur due to changes in manufacturing hubs, supply chain reconfigurations, and economic policies within the EU, making it important to monitor these factors for strategic insights into future trends.
Top countries in Sold Production of Parts and Accessories of Machines and Apparatus Used Solely or Principally Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 58.93 | 2023 | +7.45% | +23.43% | View data |
| 2 | 2 Germany | 26.04 | 2023 | +3.37% | +0.63% | View data |
| 3 | 3 Czechia | 4.03 | 2023 | |||
| 4 | 4 United Kingdom | 3.08 | 2023 | +2.19% | +2.36% | View data |
| 5 | 5 Austria | 1.42 | 2023 | -0.055% | -6.28% | View data |
| 6 | 6 France | 1.14 | 2023 | +2.9% | +6.04% | View data |
| 7 | 7 Italy | 0.24 | 2021 | View data | ||
| 8 | 8 Portugal | 0.23 | 2021 | View data | ||
| 9 | 9 Hungary | 0.16 | 2023 | -0.32% | -1.05% | View data |
| 10 | 10 Finland | 0.02 | 2021 | -32.48% | +3.77% | View data |
