The European sheet metal forming sector saw Germany as a leader with production valued at 6.84 billion Euros in 2023. France and Italy followed, each contributing significantly but with lower values. Germany, UK, and Spain exhibited robust growth from 2022 to 2023, with Germany at 0.67% and Spain at 7.64%. However, Austria and Slovakia saw declines. Over the last five years, trends have varied, with some countries like Finland experiencing strong positive CAGR, indicating potential long-term growth.
Future trends to watch include the integration of advanced manufacturing technologies, sustainability efforts, and the evolving demands of the European automotive sector as it transitions to electric vehicles, which may influence steel component production needs.
Top countries in Sold Production of Sheet Metal Forming of Steel As Parts for Land Vehicles by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,840,500,000 | 2023 | +5.34% | +0.67% | View data |
| 2 | 2 France | 2,837,100,000 | 2023 | +6.82% | +0.017% | View data |
| 3 | 3 Italy | 1,148,000,000 | 2023 | +3.7% | +0.96% | View data |
| 4 | 4 United Kingdom | 1,042,600,000 | 2023 | +1.19% | +0.48% | View data |
| 5 | 5 Austria | 739,380,000 | 2023 | +7.26% | -0.66% | View data |
| 6 | 6 Spain | 568,610,000 | 2023 | +7.22% | +7.64% | View data |
| 7 | 7 Netherlands | 241,830,000 | 2023 | +7.9% | -0.019% | View data |
| 8 | 8 Czechia | 232,750,000 | 2023 | |||
| 9 | 9 Hungary | 86,975,000 | 2023 | +2.92% | +2.11% | View data |
| 10 | 10 Sweden | 41,113,000 | 2023 | +7.62% | +10.14% | View data |
