In 2023, Germany led European sold production of cold extrusion steel land vehicle parts with a value of 962.36 million euros, followed by Spain at 141.16 million euros, and France at 117.52 million euros. Romania and Lithuania showcased strong positive growth with 4.88% and 6.13% increases respectively, while Hungary displayed a significant surge at 61.77%. Conversely, Italy and Finland experienced substantial declines of 36.06% and 33.12% respectively.
Future trends to watch:
- The automotive industry's shift towards electric vehicles may impact demand for traditional steel parts.
- Continued technological advancements in manufacturing processes can spur growth in Eastern European countries.
- Regulatory changes focusing on sustainability may influence production methodologies across Europe.
Top countries in Sold Production of Cold Extrusion Steel Land Vehicles Parts by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 962,360,000 | 2023 | +12.44% | +0.74% | View data |
| 2 | 2 Spain | 141,160,000 | 2023 | +1.06% | +3.46% | View data |
| 3 | 3 France | 117,520,000 | 2023 | +2.31% | -2.41% | View data |
| 4 | 4 Czechia | 57,624,000 | 2023 | |||
| 5 | 5 Romania | 50,747,000 | 2023 | +5.83% | +4.88% | View data |
| 6 | 6 Slovakia | 40,409,000 | 2023 | +2.08% | +1.61% | View data |
| 7 | 7 Lithuania | 13,023,000 | 2023 | +4.53% | +6.13% | View data |
| 8 | 8 Hungary | 11,791,000 | 2023 | +5.29% | +61.77% | View data |
| 9 | 9 Serbia | 11,549,000 | 2023 | +5.92% | +5.28% | View data |
| 10 | 10 Italy | 9,902,600 | 2023 | -29.91% | -36.06% | View data |
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