In 2023, Germany was the leading producer of metal forming machinery and machine tools in Europe, with a production value of 25.74 billion Euros. It experienced a modest growth of 0.22% over the previous year. Italy and Switzerland followed, with production values of 10.37 billion Euros and 5.02 billion Euros, respectively. Switzerland led in growth with a 3.17% increase. Notably, Macedonia and Serbia showed remarkable increase rates of 17.08% and 13.04%, respectively, while Bosnia and Herzegovina saw a significant decline of 22.76%.
Future trends to watch include:
- Technological advancements driving production efficiency in key markets like Germany and Switzerland.
- Potential shifts in market share as Eastern European countries like Serbia grow rapidly.
- Ongoing economic fluctuations impacting production stability, especially in countries with negative growth like Italy.
- Environmental regulations influencing machinery design and production processes in the EU.
Top countries in Metal Forming Machinery and Machine Tools Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25,740 | 2023 | +5.58% | +0.22% | View data |
| 2 | 2 Italy | 10,370 | 2023 | +5.97% | -0.55% | View data |
| 3 | 3 Switzerland | 5,020 | 2023 | +6.78% | +3.17% | View data |
| 4 | 4 Austria | 2,000 | 2023 | +2.48% | +1.62% | View data |
| 5 | 5 Spain | 1,910 | 2023 | +6.17% | -0.084% | View data |
| 6 | 6 United Kingdom | 1,700 | 2023 | +1.16% | +0.8% | View data |
| 7 | 7 France | 1,200 | 2023 | +4.91% | +0.81% | View data |
| 8 | 8 Czech Republic | 1,130 | 2023 | +6.63% | -0.59% | View data |
| 9 | 9 Sweden | 660.3 | 2023 | +0.55% | +1.13% | View data |
| 10 | 10 Poland | 534.4 | 2023 | +6.31% | -0.28% | View data |
