In 2023, Germany led the European market for machine tool production with a dominant 73.18% share, though it experienced a 4.89% decrease year-on-year. Italy held a distant second at 15.67%, also facing a 2.47% decline. Austria and Spain maintained steady shares with no year-on-year changes, while France saw a significant 6.16% increase. Denmark, Poland, and Finland showed decreases of 1.56%, 5.76%, and 17.84% respectively. Hungary notably increased by 7.18%, reflecting a positive trend. Sweden's and Spain's markets remained flat.
Future trends to watch include potential market shifts due to technological advancements, sustainability initiatives, and economic fluctuations. Germany’s continued dominance is expected, but Italy and emerging markets like Hungary may diversify the competitive landscape. Additionally, watch for innovations and automation impacting production efficiencies and demand across Europe.
Top countries in Sold Production of Machine Tools for Planing, Sawing, Cutting-Off or Otherwise Cutting Metal Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 73.18 | 2023 | +5.95% | -4.89% | View data |
| 2 | 2 Italy | 15.67 | 2023 | +1.35% | -2.47% | View data |
| 3 | 3 Austria | 4.16 | 2023 | +0.51% | View data | |
| 4 | 4 Czechia | 3.85 | 2023 | |||
| 5 | 5 France | 2.12 | 2023 | +4.25% | +6.16% | View data |
| 6 | 6 Denmark | 1.37 | 2023 | +2.04% | -1.56% | View data |
| 7 | 7 Spain | 0.16 | 2023 | -5.06% | View data | |
| 8 | 8 Hungary | 0.062 | 2023 | +6.55% | +7.18% | View data |
| 9 | 9 Finland | 0.058 | 2023 | -19.68% | -17.84% | View data |
| 10 | 10 Poland | 0.035 | 2023 | -7.44% | -5.76% | View data |
