In 2023, Germany led Europe's metal forming machinery and machine tools market with a turnover of €27.27 billion, followed by Italy at €10.18 billion and Switzerland at €4.88 billion. Notable gains were seen in Serbia, Macedonia, Croatia, and Norway, with Macedonia experiencing the highest growth at 20.11%. Conversely, Bosnia and Herzegovina faced significant declines. This sector demonstrated resilience, with a mix of growth and challenges among countries.
Future trends to watch include the acceleration of digital transformation, increasing demand for automation, and sustainability initiatives driving innovations. Monitoring geopolitical impacts and trade policies will also be crucial for adapting strategies in this evolving market landscape.
Top countries in Metal Forming Machinery and Machine Tools Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 27,270 | 2023 | +5.8% | +0.42% | View data |
| 2 | 2 Italy | 10,180 | 2023 | +5.8% | +0.27% | View data |
| 3 | 3 Switzerland | 4,880 | 2023 | +6.06% | +3.16% | View data |
| 4 | 4 Austria | 2,110 | 2023 | +2.46% | +1.31% | View data |
| 5 | 5 Spain | 1,890 | 2023 | +6.01% | +0.24% | View data |
| 6 | 6 United Kingdom | 1,810 | 2023 | +0.93% | +0.68% | View data |
| 7 | 7 France | 1,350 | 2023 | +6.03% | +1.2% | View data |
| 8 | 8 Czech Republic | 1,150 | 2023 | +7.1% | -0.55% | View data |
| 9 | 9 Sweden | 708.4 | 2023 | +0.87% | +1.37% | View data |
| 10 | 10 Poland | 611.9 | 2023 | +7.32% | +1.44% | View data |
