The European market for drop-forged and precision-forged steel parts for land vehicles is diverse. In 2023, Spain led in production with €2.1981 billion, followed by Germany and Italy with €1.9499 billion and €1.2829 billion, respectively. France and Czechia exhibited moderate production levels. Portugal saw the most significant year-on-year growth at 14.48%, while France and the United Kingdom faced declines of -2.92% and -9.11%, respectively. Over the past five years, the average CAGR varied, indicating differing growth trajectories among countries.
Future trends to watch include technological advancements in forging processes, increasing emphasis on sustainability, and potential shifts in the automotive industry's geographic focus, which could impact production levels across European markets.
Top countries in Sold Production of Drop Forged (and Precision Forged) Steel Parts for Land Vehicles by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 2,198,100,000 | 2023 | +8.16% | +0.52% | View data |
| 2 | 2 Germany | 1,949,900,000 | 2023 | +7.51% | +1.14% | View data |
| 3 | 3 Italy | 1,282,900,000 | 2023 | +7.66% | +1.11% | View data |
| 4 | 4 France | 336,620,000 | 2023 | +1.95% | -2.92% | View data |
| 5 | 5 Czechia | 115,920,000 | 2023 | |||
| 6 | 6 Portugal | 67,233,000 | 2023 | +1.55% | +14.48% | View data |
| 7 | 7 Austria | 51,008,000 | 2023 | +8.45% | -0.47% | View data |
| 8 | 8 Hungary | 32,916,000 | 2023 | +1.77% | -2.4% | View data |
| 9 | 9 United Kingdom | 17,815,000 | 2023 | -12.02% | -9.11% | View data |
| 10 | 10 Croatia | 1,193,400 | 2023 | +5.06% | +9.17% | View data |
