Germany leads the European market with a production value of €188.94 million in 2024. The Netherlands and Italy follow, with €164.44 million and €93.211 million respectively, showcasing moderate market sizes. Notable growth is observed in Italy (13.63%) and Hungary (121.82%) from 2022 to 2023. In contrast, the United Kingdom and Finland show minimal declines, while Ireland, Lithuania, and Croatia experience more significant reductions. Over the last five years, consistent growth in top producers like Germany and the Netherlands indicates a stable demand.
Future trends to watch for include potential market expansion in Italy and Hungary, given their recent growth spikes. Germany's consistent growth underscores its sustained market leadership. Monitoring technological advancements and policy changes will be crucial for forecasting market dynamics in the machinery sector for preparing animal feedstuffs.
Top countries in Sold Production of Machinery for Preparing Animal Feedstuffs by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 188,940,000 | 2023 | +2.07% | +1.75% | View data |
| 2 | 2 Netherlands | 164,440,000 | 2023 | +1.66% | +0.67% | View data |
| 3 | 3 Italy | 93,211,000 | 2023 | +3.13% | +13.63% | View data |
| 4 | 4 Denmark | 72,350,000 | 2023 | +3.84% | +2.56% | View data |
| 5 | 5 Spain | 52,099,000 | 2023 | +6.08% | +6.1% | View data |
| 6 | 6 France | 42,906,000 | 2023 | +16.04% | +2.74% | View data |
| 7 | 7 Poland | 20,163,000 | 2023 | +2.84% | +3.07% | View data |
| 8 | 8 Czechia | 13,424,000 | 2023 | |||
| 9 | 9 Hungary | 12,938,000 | 2023 | +6.99% | +121.82% | View data |
| 10 | 10 Austria | 9,717,000 | 2021 | +17.06% | View data |
