In 2023, Germany led the European market in the production of parts for machinery for rubber and plastics, with a production value of €1.8149 billion, followed by Italy and Austria at €0.33356 billion and €0.24168 billion, respectively. Other notable contributors included Czechia, Spain, and the Netherlands. Year-on-year variation shows Estonia with a significant increase of 64.41%, while Slovenia and the UK experienced declines of -7.54% and -5.96%, respectively. Over the last five years, there was a varied CAGR across countries, reflecting diverse growth rates influenced by local and global market conditions.
Future trends to watch include the impact of technological advancements on production capacity and efficiency, shifts in demand driven by eco-friendly initiatives, and geopolitical factors affecting supply chains. Additionally, the adoption of Industry 4.0 might further influence the sector’s dynamics across Europe.
Top countries in Sold Production of Parts for Machinery for Working Rubber or Plastics or for Manufacturing Rubber or Plastic Products by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,814,900,000 | 2023 | +1.69% | -1.14% | View data |
| 2 | 2 Italy | 333,560,000 | 2023 | +1.95% | -1.22% | View data |
| 3 | 3 Austria | 241,680,000 | 2023 | +3.76% | +1.87% | View data |
| 4 | 4 Czechia | 102,470,000 | 2023 | |||
| 5 | 5 Spain | 82,495,000 | 2023 | +10.78% | +4.59% | View data |
| 6 | 6 Netherlands | 79,914,000 | 2023 | +3.19% | +11.71% | View data |
| 7 | 7 Slovakia | 72,376,000 | 2023 | +2.22% | -2.7% | View data |
| 8 | 8 Hungary | 39,746,000 | 2023 | +3.25% | +0.49% | View data |
| 9 | 9 France | 26,490,000 | 2023 | -1.3% | -1.15% | View data |
| 10 | 10 United Kingdom | 17,937,000 | 2023 | -1.18% | -5.96% | View data |
