In 2023, Germany led the European Machinery for Mining, Quarrying, and Construction production value share with 35.78 million Euros, experiencing a minor decline of 0.68%. The United Kingdom followed with 18.34 million Euros, showing a modest increase of 1.28%. Sweden, Italy, and France witnessed declines in production values, while Finland and the Czech Republic exhibited positive growth. Notably, Iceland showed the highest year-on-year growth at 12.47%. Contrarily, significant declines were observed in Poland, Slovenia, and Greece, showcasing varied regional performances.
Future trends to watch for this sector include advancements in automation and sustainable practices, likely to drive production efficiency and environmental compliance. Keeping an eye on emerging technologies and market demands will be essential for maintaining competitive advantage and addressing fluctuating regional growth rates.
Top countries in Machinery for Mining, Quarrying and Construction Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 35.78 | 2023 | +4.52% | -0.68% | View data |
| 2 | 2 United Kingdom | 18.34 | 2023 | +2.28% | +1.28% | View data |
| 3 | 3 Sweden | 9.36 | 2023 | +0.38% | -1.96% | View data |
| 4 | 4 Italy | 8.66 | 2023 | +0.24% | -3.97% | View data |
| 5 | 5 Finland | 7.65 | 2023 | +3.19% | +1.91% | View data |
| 6 | 6 France | 5.4 | 2023 | +0.44% | -2.17% | View data |
| 7 | 7 Czech Republic | 3.71 | 2023 | +13.08% | +7.77% | View data |
| 8 | 8 Austria | 3.29 | 2023 | +4.7% | +2.37% | View data |
| 9 | 9 Poland | 2.93 | 2023 | +5.55% | -7.97% | View data |
| 10 | 10 Norway | 2.53 | 2023 | -0.11% | +1.48% | View data |
