In 2023, Germany dominated the European sold production market for grey iron castings for land vehicles, holding 67.41% of the share in Euros. This was followed by Italy at 12.47% and Spain at 11.36%. Meanwhile, Portugal, France, Poland, Croatia, Finland, and Hungary had smaller shares, illustrating their lower production levels in this sector.
Year-on-year variations showed moderate growth in Germany (1.36%), Italy (3.07%), and Spain (0.69%). However, countries like Portugal, France, Poland, Croatia, Finland, and Hungary saw declines, with France experiencing the sharpest fall at -13.74%.
Future trends to watch include technological advancements in casting processes and increased competition for sustainability. Additionally, the geographical production shift might continue if other countries invest in this segment. The adaptation to electric vehicle demands and global economic conditions could significantly influence market shares.
Top countries in Sold Production of Grey Iron Castings for Land Vehicles Share by Country (Euros)
# | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Germany | 67.41 | 2023 | +7.79% | +1.36% | View data |
2 | 2 Italy | 12.47 | 2023 | +14.27% | +3.07% | View data |
3 | 3 Spain | 11.36 | 2023 | +8% | +0.69% | View data |
4 | 4 Portugal | 2.47 | 2023 | +11.26% | -1.33% | View data |
5 | 5 France | 0.98 | 2023 | -17.19% | -13.74% | View data |
6 | 6 Poland | 0.8 | 2023 | +0.39% | -1.12% | View data |
7 | 7 Croatia | 0.059 | 2023 | -15.07% | -28.43% | View data |
8 | 8 Finland | 0.05 | 2023 | +20.48% | -17.63% | View data |
9 | 9 Hungary | 0.019 | 2023 | -2.17% | -3.61% | View data |