In 2023, Italy dominated the European market for parts for non-domestic refrigerating equipment with a significant share of 49.83%. Spain and the UK followed with respective shares of 14.21% and 14.13%. Germany and Portugal also maintained notable positions at 5.8% and 2.37%. Trends indicated varied growth, with Italy and the UK experiencing positive growth rates of 3.87% and 1.92%, respectively, while Spain declined by 2.4%. Notably, Finland and Lithuania faced substantial declines of 11.62% and 24.08%. Despite mixed growth rates, Croatia saw a positive uplift of 6.25%.
Future trends to watch include Italy's potential reinforcement of its leading position through technological innovations and increased production capacity. Conversely, efforts in sustainability and economic conditions may profoundly impact other countries experiencing declining trends. Additionally, economic recovery efforts in post-pandemic Europe could create opportunities in the sector, potentially altering market dynamics. Maintaining competitiveness requires strategic focus on innovation, efficiency, and sustainability.
Top countries in Sold Production of Parts for Non-Domestic Refrigerating Equipment Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 49.83 | 2023 | +17.7% | +3.87% | View data |
| 2 | 2 Spain | 14.21 | 2023 | +4.96% | -2.4% | View data |
| 3 | 3 United Kingdom | 14.13 | 2023 | +0.72% | +1.92% | View data |
| 4 | 4 Germany | 5.8 | 2023 | +1.15% | +1.91% | View data |
| 5 | 5 Portugal | 2.37 | 2023 | +4.68% | +2.32% | View data |
| 6 | 6 Finland | 0.79 | 2023 | +34.64% | -11.62% | View data |
| 7 | 7 Lithuania | 0.55 | 2023 | -8.97% | -24.08% | View data |
| 8 | 8 Czechia | 0.53 | 2023 | |||
| 9 | 9 Poland | 0.52 | 2023 | -0.36% | -2.41% | View data |
| 10 | 10 Netherlands | 0.25 | 2023 | -32.29% | -15.69% | View data |
