Germany led European sold production of iron or steel springs, with a significant value in 2023. Italy and France followed, but with much lower figures. The Netherlands and Austria showed remarkable year-on-year growth, whereas Poland and Portugal experienced declines. The Compound Annual Growth Rate (CAGR) over the past five years reflected strong gains in Austria and the Netherlands. The dominant position of Germany underscores its manufacturing strength in Europe.
Future trends to watch include technological advancements in spring production, a potential increase in electric vehicle demand impacting automotive springs, and evolving European regulations which may influence production dynamics across various countries.
Top countries in Sold Production of Iron or Steel Springs and Leaves for Springs by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,380,700,000 | 2023 | +6.01% | +0.76% | View data |
| 2 | 2 Italy | 488,450,000 | 2023 | +7.88% | +1.86% | View data |
| 3 | 3 France | 378,020,000 | 2023 | +7.43% | +1.48% | View data |
| 4 | 4 United Kingdom | 278,890,000 | 2023 | +0.54% | +0.34% | View data |
| 5 | 5 Czechia | 177,890,000 | 2023 | |||
| 6 | 6 Spain | 140,350,000 | 2023 | +1.82% | +3.33% | View data |
| 7 | 7 Poland | 135,790,000 | 2023 | +2.98% | -0.2% | View data |
| 8 | 8 Sweden | 97,759,000 | 2023 | +5.2% | +0.76% | View data |
| 9 | 9 Netherlands | 39,698,000 | 2023 | +4.56% | +21.54% | View data |
| 10 | 10 Portugal | 34,576,000 | 2023 | +4.49% | -4.38% | View data |
