In 2023, Germany dominated the European market with a 49.89% share in sheet metal forming for land vehicles, maintaining steady growth at 0.67% year-over-year. France and Italy followed with 20.69% and 8.37% shares respectively, showing slow improvements over the past year. The United Kingdom's and Spain's markets also displayed noteworthy consistency, while Austria and the Netherlands experienced slight declines.
Future trends to watch include:
- Germany's continued dominance despite evolving automotive technologies and supply chain dynamics.
- Potential growth in Eastern Europe with Hungary, Sweden, and Romania showing strong recent increases.
- Market consolidation possibilities due to trends in sustainability and electrification of vehicles across Europe.
Top countries in Sold Production of Sheet Metal Forming of Steel As Parts for Land Vehicles Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 49.89 | 2023 | +5.34% | +0.67% | View data |
| 2 | 2 France | 20.69 | 2023 | +6.82% | +0.017% | View data |
| 3 | 3 Italy | 8.37 | 2023 | +3.7% | +0.96% | View data |
| 4 | 4 United Kingdom | 7.6 | 2023 | +1.19% | +0.48% | View data |
| 5 | 5 Austria | 5.39 | 2023 | +7.26% | -0.66% | View data |
| 6 | 6 Spain | 4.15 | 2023 | +7.22% | +7.64% | View data |
| 7 | 7 Netherlands | 1.76 | 2023 | +7.9% | -0.019% | View data |
| 8 | 8 Czechia | 1.7 | 2023 | |||
| 9 | 9 Hungary | 0.63 | 2023 | +2.92% | +2.11% | View data |
| 10 | 10 Sweden | 0.3 | 2023 | +7.62% | +10.14% | View data |
