Europe: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Europe

The Europe gear cutting machine market dropped remarkably to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption recorded a slight shrinkage. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Gear Cutting Machine Production in Europe

In value terms, gear cutting machine production dropped to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2022 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Gear Cutting Machine Exports

Exports in Europe

In 2023, gear cutting machine exports in Europe soared to X units, jumping by X% against the year before. In general, exports, however, continue to indicate a mild decline. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, gear cutting machine exports soared to $X in 2023. Overall, exports, however, showed a mild contraction. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Italy (X units) was the main exporter of gear cutting, gear grinding or gear finishing machines, committing X% of total exports. Germany (X units) took the second position in the ranking, followed by Belgium (X units), the Netherlands (X units), the UK (X units), Slovakia (X units) and France (X units). All these countries together held approx. X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to gear cutting machine exports from Italy stood at X%. At the same time, the Netherlands (X%), Slovakia (X%), Belgium (X%) and France (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. The UK experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Belgium (X p.p.), Slovakia (X p.p.), France (X p.p.) and Italy (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest gear cutting machine supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Germany stood at X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced a decline in the export price figures.

Gear Cutting Machine Imports

Imports in Europe

In 2023, imports of gear cutting, gear grinding or gear finishing machines in Europe shrank sharply to X units, with a decrease of X% against 2022 figures. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, gear cutting machine imports soared to $X in 2023. In general, imports saw a perceptible setback. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of gear cutting, gear grinding or gear finishing machines, namely Belarus, Slovakia, Ireland, France, Russia, Greece, the Netherlands, Poland, the UK, Belgium, Sweden and Italy, represented more than two-thirds of total import.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in Europe, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with an X% share of total imports. It was followed by France, with a X% share.

In Italy, gear cutting machine imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per unit, increasing by X% against the previous year. In general, the import price showed resilient growth. The level of import peaked at $X per unit in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform