In 2023, Italy led the European market for the sold production of parts of self-propelled works trucks, commanding 40.16% of the market. Sweden followed with a 25% share, while Germany and Bulgaria held 12.69% and 11.23%, respectively. Italy experienced a slight decrease of 1.79% year-on-year, whereas Sweden saw a growth of 3.89%. Bulgaria and Estonia were notable for their robust growth, with increases of 25.77% and 8.61%, respectively. However, Hungary (-12.82%) and Denmark (-10.06%) saw declines. Over the past five years, the compound annual growth rate (CAGR) showed fluctuating trends among the countries.
Future trends to watch include potential expansions in the markets of Bulgaria and Finland, given their rapid recent growth. Italy, the dominant player, may need to innovate to maintain its position amidst increasing competition. Variations in economic conditions, technological advancements, and regulatory changes will likely influence the market dynamics across Europe.
Top countries in Sold Production of Parts of Self-Propelled Works Trucks Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 40.16 | 2023 | +19.02% | -1.79% | View data |
| 2 | 2 Sweden | 25 | 2023 | +2.53% | +3.89% | View data |
| 3 | 3 Germany | 12.69 | 2021 | +1.44% | +3.04% | View data |
| 4 | 4 Bulgaria | 11.23 | 2023 | +5.46% | +25.77% | View data |
| 5 | 5 Czechia | 9.08 | 2021 | |||
| 6 | 6 Estonia | 3.06 | 2023 | +6.43% | +8.61% | View data |
| 7 | 7 Hungary | 2.9 | 2023 | +1.71% | -12.82% | View data |
| 8 | 8 Finland | 2.75 | 2023 | +43.83% | +24.15% | View data |
| 9 | 9 Croatia | 1.71 | 2023 | +5.2% | +12.46% | View data |
| 10 | 10 Denmark | 0.61 | 2023 | -25.14% | -10.06% | View data |
