As of 2023, Italy leads the European market for the sold production of iron or steel cold-formed helical springs, accounting for a 39.11% share by weight. Spain follows with 23.29%, while Germany holds 19.53%. Notably, the United Kingdom has experienced a significant year-on-year decline of -14.84% in its share, contrasting with Spain's substantial growth of 33.63%. Countries like Italy and Germany have seen modest increases, indicative of stability. Smaller markets such as Finland and Slovenia are witnessing growth, while France and Croatia have faced declines.
Future trends to watch include technological advancements, growth in automotive and industrial applications, and potential shifts in production capacities between countries. Factors such as supply chain dynamics and evolving environmental regulations could also influence country-specific production strategies and market shares.
Top countries in Sold Production of Iron or Steel Cold-Formed Helical Springs Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 39.11 | 2023 | +20.39% | +0.6% | View data |
| 2 | 2 Spain | 23.29 | 2023 | +12.23% | +33.63% | View data |
| 3 | 3 Germany | 19.53 | 2023 | +1.15% | +0.41% | View data |
| 4 | 4 United Kingdom | 11.91 | 2023 | -7.26% | -14.84% | View data |
| 5 | 5 Finland | 1.21 | 2023 | +5.71% | +5.88% | View data |
| 6 | 6 France | 1.04 | 2023 | -33.01% | -6.37% | View data |
| 7 | 7 Portugal | 0.78 | 2021 | +130.01% | +72.62% | View data |
| 8 | 8 Croatia | 0.53 | 2023 | +0.87% | -1.62% | View data |
| 9 | 9 Austria | 0.46 | 2021 | +17.03% | +7.08% | View data |
| 10 | 10 Hungary | 0.36 | 2023 | +1.24% | -1.02% | View data |
