Germany leads the European locks and hinges market with 46.62 million Euros, maintaining a 0.76% annual growth in 2023. Austria and Portugal show notable growth of 1.36% and 9.27% respectively, highlighting momentum in these markets. Sweden's turnover surged by 21.95%, while Italy and France faced declines. Future trends to observe include Sweden's continued expansion and potential stabilization in struggling markets like France and Spain.
Future trends to watch include:
- Continued momentum in emerging markets like Portugal and Romania.
- Stabilization or recovery in Western European markets such as France and Italy.
- Potential growth in Eastern European countries, driven by innovation and new market entrants.
Top countries in Locks and Hinges Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46.62 | 2023 | +4.16% | +0.76% | View data |
| 2 | 2 Austria | 13.57 | 2023 | +1.93% | +1.36% | View data |
| 3 | 3 Italy | 7.04 | 2023 | -0.73% | -1% | View data |
| 4 | 4 France | 6.54 | 2023 | -0.26% | -2.77% | View data |
| 5 | 5 United Kingdom | 5.35 | 2023 | +0.17% | -0.039% | View data |
| 6 | 6 Sweden | 4.79 | 2023 | +5.07% | +21.95% | View data |
| 7 | 7 Spain | 3.9 | 2023 | -1.87% | -3.93% | View data |
| 8 | 8 Portugal | 1.9 | 2023 | +11.94% | +9.27% | View data |
| 9 | 9 Poland | 1.89 | 2023 | +0.92% | +1.07% | View data |
| 10 | 10 Belgium | 1.54 | 2023 | +2.52% | +2.39% | View data |
