In 2023, Hungary led the European market in the sold production of electric lighting equipment at 469.43 million items, with a modest year-on-year increase of 1.4%. Slovakia followed with 260.99 million items, experiencing a substantial growth of 12.67%. Germany, the third-largest producer, saw a significant decline of 19.09%, producing 139.56 million items. Amidst the negative trends, the Netherlands stood out with a remarkable 145.29% increase, reaching 17.565 million items. Conversely, countries like the United Kingdom, Italy, and Portugal encountered declines of 23.87%, 32.36%, and 23.23%, respectively.
Key future trends to watch include the potential growth trajectory of Eastern European countries like Hungary and Slovakia, driven by investments in manufacturing and technology. Conversely, the continuous decline in traditionally strong markets like Germany and the UK signals a shift towards newer, emerging markets. The remarkable increase in the Netherlands indicates a growing competitive edge and innovation in the sector. Future market analysis should focus on how these dynamics evolve, influenced by economic conditions, technological advancements, and geopolitical factors.
Top countries in Sold Production of Electric Lighting Equipment by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 469,430,000 | 2023 | +5.03% | +1.4% | View data |
| 2 | 2 Slovakia | 260,990,000 | 2023 | +4.38% | +12.67% | View data |
| 3 | 3 Germany | 139,560,000 | 2023 | -22.89% | -19.09% | View data |
| 4 | 4 Czechia | 28,254,000 | 2023 | |||
| 5 | 5 Spain | 25,958,000 | 2023 | +5.85% | +2.1% | View data |
| 6 | 6 United Kingdom | 23,498,000 | 2023 | -15.82% | -23.87% | View data |
| 7 | 7 Netherlands | 17,565,000 | 2023 | +13.09% | +145.29% | View data |
| 8 | 8 Lithuania | 9,551,100 | 2023 | +1.97% | +1.07% | View data |
| 9 | 9 Belgium | 7,467,100 | 2023 | +2.37% | +15.74% | View data |
| 10 | 10 Italy | 6,680,300 | 2023 | -71.13% | -32.36% | View data |
