Germany leads the market with a significant share of €36.24 million. The United Kingdom, Sweden, and Italy follow with shares of €16.72 million, €12.39 million, and €7.1 million, respectively. The Czech Republic and Bosnia and Herzegovina experienced notable growth with year-on-year variations of 7.14% and 6.99%, respectively. Conversely, Poland, Spain, and Slovenia saw substantial declines of -12.32%, -12.07%, and -11.57%, respectively. Germany and France showed stability with minor fluctuations.
Future Trends
Looking ahead, the European machinery market for mining, quarrying, and construction is likely to see increased automation and technological advancements. Sustainability and eco-friendly practices will become vital as regulations tighten. Additionally, investments in digitalization and the Internet of Things (IoT) will likely shape future market dynamics. Strong growth is expected in Eastern Europe due to developing infrastructure projects and modernization efforts.
Top countries in Machinery for Mining, Quarrying and Construction Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 36.24 | 2023 | +5.91% | -0.0018% | View data |
| 2 | 2 United Kingdom | 16.72 | 2023 | +2.3% | +1.41% | View data |
| 3 | 3 Sweden | 12.39 | 2023 | +2.25% | -2.83% | View data |
| 4 | 4 Italy | 7.1 | 2023 | +0.91% | -3.18% | View data |
| 5 | 5 Finland | 6.77 | 2023 | +3.25% | +1.95% | View data |
| 6 | 6 France | 6.61 | 2023 | -0.55% | -0.12% | View data |
| 7 | 7 Czech Republic | 4 | 2023 | +11.67% | +7.14% | View data |
| 8 | 8 Austria | 3.44 | 2023 | +3.99% | +2.93% | View data |
| 9 | 9 Poland | 2.77 | 2023 | +6.12% | -12.32% | View data |
| 10 | 10 Norway | 2.39 | 2023 | -0.51% | +1.36% | View data |
