In 2023, Italy led European production with a 34.99% market share, followed by Germany at 17.84% and Poland at 14.81%. While Italy and Poland saw slight declines, Germany decreased more significantly. Notably, the Netherlands maintained stability, whereas Hungary and Romania experienced modest growth. Emerging markets like Greece and Ireland showed significant increases, with Greece at 17.82% and Ireland at 14.32%. The UK had the largest decline at 8.13%.
Future trends to watch include potential shifts in production due to technological advancements and environmental regulations. Countries like Greece and Serbia might continue to grow, while traditional leaders Italy and Germany might innovate to retain their market share.
Top countries in Sold Production of Conveyor or Transmission Belts or Belting of Vulcanised Rubber Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 34.99 | 2023 | +13.27% | -2.98% | View data |
| 2 | 2 Germany | 17.84 | 2023 | -3.23% | -3.85% | View data |
| 3 | 3 Poland | 14.81 | 2023 | +0.58% | -2.99% | View data |
| 4 | 4 Netherlands | 13.21 | 2023 | +11.44% | View data | |
| 5 | 5 Hungary | 3.8 | 2023 | +1.94% | +0.31% | View data |
| 6 | 6 France | 2.7 | 2023 | +5.75% | -1.12% | View data |
| 7 | 7 Romania | 2.1 | 2023 | -0.3% | +1.16% | View data |
| 8 | 8 Serbia | 1.91 | 2023 | +5.55% | +6.58% | View data |
| 9 | 9 Spain | 1.54 | 2023 | +6.97% | +0.91% | View data |
| 10 | 10 United Kingdom | 1.29 | 2023 | -8.06% | -8.13% | View data |
