In 2023, Germany led the European sold production of pump parts, commanding 29.53% of the market, showing a modest annual growth of 1.06%. While Denmark, the second-largest player, saw a decline of 0.85%, Italy, Netherland, and Austria exhibited varying growth rates, with the Netherlands and Austria showing positive trends at 3.21% and 3.78%, respectively. Spain and Norway indicated strong growth prospects with increases of 5.84% and 6.35% respectively. Countries like Estonia and Hungary demonstrated significant growth rates, signaling potential market changes. Conversely, France and several smaller markets, like Bulgaria, Slovakia, and Greece, saw declines.
Future trends to monitor include:
- Ongoing competitiveness and technological advancements in Germany sustaining its market leadership.
- Potential for market expansion in rapidly growing countries like Hungary and Poland.
- Continued market consolidation and shifts due to economic and environmental policy changes.
- Risks of sluggish growth or further declines in countries with negative trends, affecting market dynamics.
- Impact of global supply chain changes on production and market shares among European countries.
Top countries in Sold Production of Pumps Parts Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 29.53 | 2023 | +1.08% | +1.06% | View data |
| 2 | 2 Denmark | 18.29 | 2023 | +2.48% | -0.85% | View data |
| 3 | 3 Italy | 10.41 | 2023 | +8.52% | -2.22% | View data |
| 4 | 4 Netherlands | 8.07 | 2023 | +1.96% | +3.21% | View data |
| 5 | 5 United Kingdom | 7.46 | 2023 | -0.29% | -0.34% | View data |
| 6 | 6 Austria | 5.81 | 2023 | +11.74% | +3.78% | View data |
| 7 | 7 Czechia | 3.67 | 2023 | |||
| 8 | 8 France | 3.12 | 2023 | -1.05% | -2.37% | View data |
| 9 | 9 Spain | 3.1 | 2023 | +2.41% | +5.84% | View data |
| 10 | 10 Norway | 2.12 | 2023 | +0.7% | +6.35% | View data |
