In 2023, Germany led the European Cables and Wiring Devices market with a substantial turnover share, despite a slight decline. France and Italy retained significant positions, with France seeing a small rise and Italy experiencing a moderate drop. Poland demonstrated robust growth, surpassing other Eastern European nations. Modest gains were noted in Hungary, Sweden, and small increases in Austria and Czech Republic. The Netherlands showed notable growth while the UK saw a decline. Southern Europe, led by Greece, showed promising trends, as did several smaller markets like Serbia and Latvia. A downturn marked Croatia and Italy.
Future trends to watch include sustained growth in Eastern Europe, particularly in Poland and Serbia, driven by infrastructure development and investment. Germany is expected to maintain dominance, though minor shifts towards decentralized contributions by emerging players like the Netherlands and Greece may occur. Additionally, technological advancements and green initiatives could reshape the industry's landscape.
Top countries in Cables and Wiring Devices Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 33.78 | 2023 | +0.98% | -0.45% | View data |
| 2 | 2 France | 13.12 | 2023 | +3.34% | +0.24% | View data |
| 3 | 3 Italy | 12.7 | 2023 | +0.87% | -1.97% | View data |
| 4 | 4 Poland | 5.13 | 2023 | +4.9% | +4.73% | View data |
| 5 | 5 Spain | 4.26 | 2023 | +0.52% | -0.7% | View data |
| 6 | 6 United Kingdom | 3.89 | 2023 | -1.43% | -0.92% | View data |
| 7 | 7 Hungary | 2.95 | 2023 | +6.61% | +2.02% | View data |
| 8 | 8 Sweden | 2.69 | 2023 | +1.73% | +0.41% | View data |
| 9 | 9 Austria | 2.61 | 2023 | +3.28% | +2.84% | View data |
| 10 | 10 Czech Republic | 2.47 | 2023 | +0.99% | +0.19% | View data |
