European Metal Forming Machinery and Machine Tools Hours Worked by Country

Analyzing the data for 2024, Germany leads significantly with 188.47 million hours worked in the European Metal Forming Machinery and Machine Tools sector. Italy follows, though at a substantially lower 57.866 million hours. Among the other countries, the Czech Republic, Spain, and Austria form the next tier of significant activity ranging between 19.082 and 13.393 million hours. The UK, Poland, and Romania have modest contributions, while the rest of the countries show relatively minor activities, with the least in Latvia and Bosnia and Herzegovina.

Year-on-year variations indicate a decline in hours worked in major markets: Germany, Italy, and the Czech Republic see slight reductions, while Austria and Greece show positive growth. Portugal and Lithuania exhibit double-digit growth, while Finland, Bulgaria, and Hungary experience noteworthy contractions. Bosnia and Herzegovina see the largest drop at 12.21%. The five-year CAGR indicates stable activity in larger markets with varied performances observed across smaller countries.

Future trends to watch in the sector include:

• Potential growth in Portugal and Lithuania driven by current upward momentum.
• Observation of recovery or further declines in countries like Bulgaria, Finland, and Hungary.
• Monitoring Germany and Italy's industry trends as leading markets undergo small contractions.