In 2023, the valuation of European production of air and spacecraft and related machinery saw a notable increase across several key countries. France led with €82.64 billion, marking a 4.31% year-on-year growth, followed by Germany at €38.7 billion with a 3.54% increase. Italy and Spain also experienced growth, up 2.88% and 2.6%, to €14.58 billion and €11.14 billion, respectively. The Netherlands, Austria, and Slovenia showed moderate increases, while Greece was the only country with a slight decline by 0.11% to €0.14787 billion. Slovakia saw a minimal growth of 1.02%.
Over the last five years, the compound annual growth rate (CAGR) provides valuable insights. Among major players, France and Germany saw healthy CAGRs reflecting sustained expansion, while Austria's 4.96% annual growth was particularly robust. Greece, despite its minor decline in 2023, generally maintained stability, as did other smaller contributors like Slovenia and Slovakia.
Future trends to watch include continued technological innovations and investments in sustainable aviation within Europe. The focus on greener production processes and enhanced efficiencies in aerospace manufacturing is expected to drive growth. Monitoring geopolitical developments and trade regulations will also be crucial as they may impact production dynamics and market access for European manufacturers.
Top countries in Production of Air and Spacecraft and Related Machinery by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 82,640 | 2023 | +3.31% | +4.31% | View data |
| 2 | 2 Germany | 38,700 | 2023 | +2.76% | +3.54% | View data |
| 3 | 3 Italy | 14,580 | 2023 | +2.41% | +2.88% | View data |
| 4 | 4 Spain | 11,140 | 2023 | +1.96% | +2.6% | View data |
| 5 | 5 Netherlands | 1,510 | 2023 | +2.38% | +2.38% | View data |
| 6 | 6 Austria | 454.5 | 2023 | +3.92% | +4.96% | View data |
| 7 | 7 Greece | 147.87 | 2023 | -2.88% | -0.11% | View data |
| 8 | 8 Slovenia | 38.08 | 2023 | +3.82% | +4.35% | View data |
| 9 | 9 Slovakia | 17.25 | 2023 | +1.1% | +1.02% | View data |
