In 2023, Germany led European production in machinery for mining, quarrying, and construction, with a value of 8.4862 billion Euros, showing a modest year-on-year growth of 0.33%. Finland and Sweden experienced significant growth at 4.27% and 12.18%, respectively. Austria displayed remarkable increase at 53.46%, while Belgium decreased by 24.16%. Most countries showed slight to moderate growth, with notable rises in Norway (8.52%) and Bulgaria (5.83%). Italy and France observed minor declines.
Future trends to watch for include technological advancements in machinery, sustainability-focused production, and possible increased competition from emerging markets, potentially impacting production volumes and value across Europe.
Top countries in Sold Production of Machinery for Mining, Quarrying and Construction by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,486,200,000 | 2023 | +4.24% | +0.33% | View data |
| 2 | 2 Italy | 4,103,500,000 | 2023 | +9.62% | -0.58% | View data |
| 3 | 3 United Kingdom | 3,189,100,000 | 2023 | -0.1% | +1.11% | View data |
| 4 | 4 Finland | 1,940,700,000 | 2023 | +2.63% | +4.27% | View data |
| 5 | 5 Sweden | 1,548,800,000 | 2023 | +4.78% | +12.18% | View data |
| 6 | 6 France | 1,536,400,000 | 2023 | +5.6% | -1.65% | View data |
| 7 | 7 Austria | 556,060,000 | 2023 | +20.14% | +53.46% | View data |
| 8 | 8 Poland | 513,310,000 | 2023 | +0.71% | -2.76% | View data |
| 9 | 9 Spain | 455,910,000 | 2023 | +4.6% | +1% | View data |
| 10 | 10 Czechia | 448,170,000 | 2023 |
