Germany dominates the European Metal Forming Machinery market with a turnover of 60.23 million euros in 2023, accounting for a significant share. Italy follows with 14.53 million euros, while Spain, Austria, the UK, and France contribute smaller shares, each under 5 million euros. Eastern European countries like the Czech Republic and Poland have emerging markets, with positive year-on-year growth of 1.24% and 3.2%, respectively. Austria and Belgium also show steady growth at 0.87% each, contrasting with Finland and Greece, which experienced declines of -2.41% and -2.2%.
Key Future Trends:
- Eastern Europe and Scandinavia exhibit potential for greater market expansion due to recent growth spurts.
- Southern European countries may face challenges as growth stabilizes or declines.
- Monitoring technological advancements and policy changes will be crucial for adapting to evolving market demands.
- Germany is expected to maintain its market leadership, but emerging markets may shift the dynamics.
Top countries in Metal Forming Machinery Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 60.23 | 2023 | +6.75% | +1.27% | View data |
| 2 | 2 Italy | 14.53 | 2023 | +6.7% | +0.73% | View data |
| 3 | 3 Spain | 4.41 | 2023 | +6.21% | +0.57% | View data |
| 4 | 4 Austria | 4.18 | 2023 | +2.5% | +0.87% | View data |
| 5 | 5 United Kingdom | 3.46 | 2023 | +0.82% | +0.4% | View data |
| 6 | 6 France | 3.01 | 2023 | +6.25% | +0.13% | View data |
| 7 | 7 Czech Republic | 2.55 | 2023 | +6.37% | +1.24% | View data |
| 8 | 8 Sweden | 1.42 | 2023 | +1.01% | +2.4% | View data |
| 9 | 9 Poland | 1.23 | 2023 | +8.29% | +3.2% | View data |
| 10 | 10 Belgium | 1.09 | 2023 | +3.66% | +0.87% | View data |
