Germany leads the European fasteners and screw machine products industry, employing nearly a third of the workforce, but it experienced a slight decline of 0.63% in 2023. Italy and France, with employment shares of approximately 14.84% and 14.01%, showed growth at 1.51% and 1.19% respectively. The UK and Poland, each with about 8%, saw varied trends, with Poland experiencing a notable decline of 1.53%. Remarkable growth was noted in Croatia at 19.88%, and Bosnia and Herzegovina at 7.92%. Romania faced a steep decline of 8.45% in 2023.
Future trends to watch include continued growth in countries with rising industrial capabilities like Croatia and Serbia, while Germany might face increasing competition within Europe. Technological advancements and shifts towards automation may influence employment dynamics, potentially reducing workforce needs in more developed markets.
Top countries in Fasteners and Screw Machine Products Number of Persons Employed Share by Country (Units (Employees))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32.97 | 2023 | +0.33% | -0.63% | View data |
| 2 | 2 Italy | 14.84 | 2023 | +1.46% | +1.51% | View data |
| 3 | 3 France | 14.01 | 2023 | +2.09% | +1.19% | View data |
| 4 | 4 United Kingdom | 8.29 | 2023 | +0.72% | +0.88% | View data |
| 5 | 5 Poland | 8.18 | 2023 | -0.51% | -1.53% | View data |
| 6 | 6 Spain | 4.8 | 2023 | -0.26% | -0.082% | View data |
| 7 | 7 Czech Republic | 4.61 | 2023 | -2.24% | -3.06% | View data |
| 8 | 8 Croatia | 3.4 | 2023 | +3.78% | +19.88% | View data |
| 9 | 9 Sweden | 1.39 | 2023 | +0.2% | -0.64% | View data |
| 10 | 10 Serbia | 1.19 | 2023 | +1.32% | +1.54% | View data |
