In 2023, Spain dominated the European sold production of pneumatic elevators and conveyors, contributing a significant 79.7% of the market. Denmark and Italy followed with 12.77% and 7.34%, respectively. Germany and the UK lagged behind, each contributing under 5%. Over the past year, Italy experienced a substantial growth of 31.76%, while Slovakia observed an extraordinary increase of 102.53%. In contrast, France saw a decline of 10.02%, and Sweden decreased by 1.22%. The market's CAGR over the last five years has been variable, with significant annual deviations due to changes in each country's economic focus and industry investments.
Future trends to watch include increased technological innovation and automation in conveyor systems, which may drive growth in countries currently holding smaller market shares. Additionally, as industries in Europe advance towards sustainable manufacturing processes, eco-friendly conveyor technologies could gain popularity, reshaping market dynamics across the region.
Top countries in Sold Production of Pneumatic Elevators and Conveyors Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 79.7 | 2023 | +0.98% | +2.17% | View data |
| 2 | 2 Denmark | 12.77 | 2023 | +8.14% | +4.12% | View data |
| 3 | 3 Italy | 7.34 | 2023 | +3.88% | +31.76% | View data |
| 4 | 4 Germany | 4.76 | 2021 | View data | ||
| 5 | 5 United Kingdom | 1.17 | 2023 | +1.97% | +6.49% | View data |
| 6 | 6 Sweden | 0.86 | 2023 | -22.84% | -1.22% | View data |
| 7 | 7 Estonia | 0.4 | 2023 | +20.03% | -2.4% | View data |
| 8 | 8 Czechia | 0.26 | 2023 | |||
| 9 | 9 Slovakia | 0.26 | 2023 | -1.56% | +102.53% | View data |
| 10 | 10 Netherlands | 0.24 | 2021 | +78.85% | View data |
