The 2023 data reveals that Germany leads the European cables and wiring devices market with a turnover of €19.92 billion, despite a minor decrease of 0.45%. France and Italy follow, with slight positive gains in France and declines in Italy. Notably, Poland and Austria display robust growth, with increases of 4.73% and 2.84% respectively. Eastern countries like Serbia and Latvia show significant upward momentum, with year-on-year growth exceeding 7%. Conversely, Croatia experiences the most substantial downtrend at -6.76%.
Looking forward, European market players should monitor the growth in Eastern Europe, particularly in Serbia and Latvia. Additionally, sustainability trends and technological innovation are anticipated to play crucial roles, potentially catalyzing market dynamics and shaping new business opportunities across the region in the years to come.
Top countries in Cables and Wiring Devices Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19,920 | 2023 | +0.98% | -0.45% | View data |
| 2 | 2 France | 7,740 | 2023 | +3.34% | +0.24% | View data |
| 3 | 3 Italy | 7,490 | 2023 | +0.87% | -1.97% | View data |
| 4 | 4 Poland | 3,030 | 2023 | +4.9% | +4.73% | View data |
| 5 | 5 Spain | 2,510 | 2023 | +0.52% | -0.7% | View data |
| 6 | 6 United Kingdom | 2,300 | 2023 | -1.43% | -0.92% | View data |
| 7 | 7 Hungary | 1,740 | 2023 | +6.61% | +2.02% | View data |
| 8 | 8 Sweden | 1,590 | 2023 | +1.73% | +0.41% | View data |
| 9 | 9 Austria | 1,540 | 2023 | +3.28% | +2.84% | View data |
| 10 | 10 Czech Republic | 1,460 | 2023 | +0.99% | +0.19% | View data |
