In 2023, Germany led European production with a 43.47% share, despite a slight decline of 0.18%. Italy, comprising 29.26%, showed strong growth at 4.74%. France held 16.01% but saw a minor drop of 0.62%. Spain and the Netherlands grew by 3.77% and 5.82%, respectively. The UK dropped significantly by 10.49%, settling at a 2.41% share. Smaller contributors like Austria and Estonia saw slight changes, with the latter rising by 6.83%.
Future trends to watch:
- Potential industry shifts due to technological advancements.
- Impact of environmental regulations on production processes.
- Increased investment in automation and digitalization.
- Potential disruptions from supply chain challenges.
Top countries in Sold Production of Sheet Metal Forming of Steel As Parts for Electrical Machinery and Equipment Share by Country (Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.47 | 2023 | +1.38% | -0.18% | View data |
| 2 | 2 Italy | 29.26 | 2023 | +2.04% | +4.74% | View data |
| 3 | 3 France | 16.01 | 2023 | +4.41% | -0.62% | View data |
| 4 | 4 Spain | 3.35 | 2023 | +5.56% | +3.77% | View data |
| 5 | 5 Netherlands | 2.9 | 2023 | +18.66% | +5.82% | View data |
| 6 | 6 United Kingdom | 2.41 | 2023 | -14.67% | -10.49% | View data |
| 7 | 7 Austria | 0.59 | 2023 | +1.61% | -0.91% | View data |
| 8 | 8 Estonia | 0.052 | 2023 | +8.95% | +6.83% | View data |
| 9 | 9 Portugal | 0.005 | 2021 | +324% | +56.76% | View data |
