Analysis of the European locks and hinges industry reveals a diverse landscape in 2023, with Germany leading significantly at 71.843 million hours worked, followed by Austria and Spain at 18.08 and 11.459 million hours respectively. Other notable contributors include Italy and Poland, although Italy faced a decline of 2.16% from the previous year. Portugal and Romania showed strong growth, with year-on-year increases of 6.74% and 5.05% respectively. Sweden experienced a remarkable surge of 18.36% in 2023, while Belgium showed a decline of 7.44%.
Future trends to watch include the potential for increased automation affecting labor hours, the impact of economic shifts on manufacturing, and the evolving demand across European markets which could influence hours worked in various countries. Keeping an eye on technological advancements and sustainability efforts is also crucial for anticipating changes in this sector.
Top countries in Locks and Hinges Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 71,843,000 | 2023 | +3.04% | +1.58% | View data |
| 2 | 2 Austria | 18,080,000 | 2023 | +0.6% | -0.41% | View data |
| 3 | 3 Spain | 11,459,000 | 2023 | +6.52% | +2.19% | View data |
| 4 | 4 Italy | 11,139,000 | 2023 | -2.51% | -2.16% | View data |
| 5 | 5 Poland | 10,923,000 | 2023 | +0.51% | +0.22% | View data |
| 6 | 6 Portugal | 6,564,800 | 2023 | +10.61% | +6.74% | View data |
| 7 | 7 Romania | 5,728,000 | 2023 | +4.48% | +5.05% | View data |
| 8 | 8 Sweden | 4,426,800 | 2023 | +4.96% | +18.36% | View data |
| 9 | 9 Slovakia | 2,421,100 | 2023 | +1.83% | +0.024% | View data |
| 10 | 10 Hungary | 1,960,300 | 2023 | -2.41% | -3.56% | View data |
