In 2023, Slovakia led European sold production of machines for treating metal with 38.03 thousand units, marking a 127.5% increase from the previous year, indicating robust growth. Italy, despite having the second-largest production with 7.19 thousand units, saw a slight decline of 0.66%. Bulgaria and Hungary experienced moderate growth rates of 18.09% and 4.74%, respectively. Some markets like Poland and Finland observed downturns, with Poland decreasing by 6.53% and Finland sharply dropping by 26.79%. The United Kingdom's production significantly declined by 12.57%, suggesting a downward trend. Smaller markets such as Estonia and Lithuania saw increases of 17.19% and 5.64%, respectively.
Future trends to watch:
- Expect continued advancements in Slovakia's production capacity, potentially increasing its market dominance.
- Italy's slight downturn might prompt strategic enhancements to regain momentum.
- Bulgaria's and Hungary's steady growth could lead to increased market share in coming years.
- Shifts in global metal treatment technology and geopolitical factors may impact production dynamics across Europe.
- Environmental regulations and innovation will likely shape the industry's evolution and market opportunities.
Top countries in Sold Production of Machines for Treating Metal, Having Individual Functions by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovakia | 38,030 | 2023 | +7.32% | +127.5% | View data |
| 2 | 2 Italy | 7,190 | 2023 | +4.75% | -0.66% | View data |
| 3 | 3 Bulgaria | 2,340 | 2023 | +6.56% | +18.09% | View data |
| 4 | 4 Hungary | 2,160 | 2023 | +4.44% | +4.74% | View data |
| 5 | 5 Spain | 802 | 2023 | +1.26% | -0.12% | View data |
| 6 | 6 United Kingdom | 732 | 2023 | -17.1% | -12.57% | View data |
| 7 | 7 Austria | 529 | 2023 | +8.18% | -1.38% | View data |
| 8 | 8 Poland | 311 | 2023 | -13.13% | -6.53% | View data |
| 9 | 9 Czechia | 80 | 2023 | |||
| 10 | 10 Finland | 78 | 2023 | -17.89% | -26.79% | View data |
