The 2023 data for the European sold production of machinery for preparing animal feedstuffs shows that Germany leads with a 28.83% share, followed by the Netherlands at 25.09% and Italy at 14.22%. Hungary experienced significant growth, with a 121.82% variation from the previous year, indicating strong market dynamics. Conversely, Ireland and Croatia saw declines, with -14.97% and -37.69%, respectively. Over the past five years, the compounded annual growth rate (CAGR) would help identify sustained trends across nations.
Future trends to watch for include Germany and the Netherlands potentially reinforcing their market positions. Meanwhile, Hungary's expansion might create more competition, especially if innovation or increased demand sustains its growth. Additionally, monitoring how technological advancements and policy changes affect the overall machinery sector will be crucial in anticipating shifts in market share distribution.
Top countries in Sold Production of Machinery for Preparing Animal Feedstuffs Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 28.83 | 2023 | +2.07% | +1.75% | View data |
| 2 | 2 Netherlands | 25.09 | 2023 | +1.66% | +0.67% | View data |
| 3 | 3 Italy | 14.22 | 2023 | +3.13% | +13.63% | View data |
| 4 | 4 Denmark | 11.04 | 2023 | +3.84% | +2.56% | View data |
| 5 | 5 Spain | 7.95 | 2023 | +6.08% | +6.1% | View data |
| 6 | 6 France | 6.55 | 2023 | +16.04% | +2.74% | View data |
| 7 | 7 Poland | 3.08 | 2023 | +2.84% | +3.07% | View data |
| 8 | 8 Czechia | 2.05 | 2023 | |||
| 9 | 9 Hungary | 1.97 | 2023 | +6.99% | +121.82% | View data |
| 10 | 10 Austria | 1.48 | 2021 | +17.06% | View data |
