In 2023, Germany dominated the European market for nodular iron castings in the land vehicle sector, holding a 56.67% share. Spain followed with 24.17%, while the UK, Italy, and the Netherlands represented smaller percentages. Over the past year, Italy and Hungary experienced notable growth with gains of 3.77% and 3.14%, respectively. Conversely, France and Finland saw declines, particularly Finland with a significant decrease of 13.76%.
Future trends to watch for in this sector include:
- The potential shift in market shares due to technological advancements or policy changes in European manufacturing.
- Germany's continued dominance and its impact on other European countries' production strategies.
- The effects of economic conditions on the automotive supply chain, particularly in iron casting practices.
Top countries in Sold Production of Parts of Land Vehicles (Nodular Iron Castings) Share by Country (Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 56.67 | 2023 | +8.01% | +0.65% | View data |
| 2 | 2 Spain | 24.17 | 2023 | +7.88% | +1.62% | View data |
| 3 | 3 United Kingdom | 7.42 | 2023 | -0.0018% | +0.085% | View data |
| 4 | 4 Italy | 7.12 | 2023 | +1.4% | +3.77% | View data |
| 5 | 5 Netherlands | 4.49 | 2023 | +0.93% | +0.8% | View data |
| 6 | 6 Hungary | 2.65 | 2023 | +2.26% | +3.14% | View data |
| 7 | 7 Czechia | 2.47 | 2023 | |||
| 8 | 8 France | 2.22 | 2023 | -2.01% | -2.46% | View data |
| 9 | 9 Finland | 0.54 | 2023 | +6.88% | -13.76% | View data |
