In 2023, Germany dominated the European sold production of machining centres, unit construction machines, and multi-station transfer machines for working metal, holding a substantial share at 70.2%. Italy followed with a 19.83% share, while Spain, France, and other countries had significantly lower shares. Year-on-year, Germany saw a modest increase, while Italy and France experienced declines. Notably, Hungary and Croatia showed significant growth, whereas Romania and Portugal faced considerable declines. Over the past five years, the compound annual growth rate (CAGR) for the sector has been notable in smaller markets, suggesting opportunities for expansion and investment.
Looking ahead, we expect technological advancements to drive efficiency, impacting production levels favorably across Europe. Environmental concerns may also lead to innovations in energy-efficient machinery. Monitoring shifts in market demand and product innovation will be crucial in understanding competitive dynamics and identifying growth opportunities in the European machinery sector.
Top countries in Sold Production of Machining Centres, Unit Construction Machines and Multi-Station Transfer Machines, for Working Metal Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 70.2 | 2023 | +8.29% | +1.72% | View data |
| 2 | 2 Italy | 19.83 | 2023 | +2.33% | -0.8% | View data |
| 3 | 3 Spain | 3.77 | 2023 | +15.33% | +4.58% | View data |
| 4 | 4 France | 2.98 | 2023 | +16.42% | -1.71% | View data |
| 5 | 5 Czechia | 1.7 | 2023 | |||
| 6 | 6 Austria | 0.66 | 2023 | +20.72% | View data | |
| 7 | 7 Hungary | 0.34 | 2023 | +6.2% | +11.24% | View data |
| 8 | 8 Portugal | 0.22 | 2023 | +5.23% | -10.39% | View data |
| 9 | 9 Denmark | 0.1 | 2023 | +1.47% | -19.07% | View data |
| 10 | 10 Bulgaria | 0.093 | 2023 | +3.99% | -2.11% | View data |
