Europe: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Europe

In 2021, the Europe gear cutting machine market decreased by -2.4% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by 4.1%. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Gear Cutting Machine Production in Europe

In value terms, gear cutting machine production totaled $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 2.1% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Gear Cutting Machine Exports

Exports in Europe

Gear cutting machine exports soared to X units in 2021, jumping by 29% on the year before. Over the period under review, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 48%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, gear cutting machine exports skyrocketed to $X in 2021. Overall, exports, however, recorded a deep reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy represented the major exporter of gear cutting, gear grinding or gear finishing machines in Europe, with the volume of exports finishing at X units, which was near 48% of total exports in 2021. Germany (X units) held a 26% share (based on physical terms) of total exports, which put it in second place, followed by the UK (4.5%). The following exporters - the Netherlands (X units), Sweden (X units) and Belgium (X units) - each recorded a 12% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +57.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest gear cutting machine supplier in Europe, comprising 76% of total exports. The second position in the ranking was held by Italy ($X), with a 2.1% share of total exports. It was followed by Belgium, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to -4.9%. In the other countries, the average annual rates were as follows: Italy (-12.5% per year) and Belgium (+50.8% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, declining by -8.3% against the previous year. Overall, the export price, however, saw a remarkable increase. The growth pace was the most rapid in 2015 when the export price increased by 144%. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+36.2%), while the other leaders experienced mixed trends in the export price figures.

Gear Cutting Machine Imports

Imports in Europe

In 2021, approx. X units of gear cutting, gear grinding or gear finishing machines were imported in Europe; picking up by 1.8% against 2020. Over the period under review, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 147% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, gear cutting machine imports shrank dramatically to $X in 2021. In general, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Italy prevails in imports structure, amounting to X units, which was approx. 52% of total imports in 2021. It was distantly followed by Belarus (X units) and Austria (X units), together mixing up an 18% share of total imports. Ireland (X units), Russia (X units), Poland (X units), Sweden (X units), France (X units), the Netherlands (X units), Greece (X units) and Slovakia (X units) took a relatively small share of total imports.

Imports into Italy increased at an average annual rate of +43.5% from 2012 to 2021. At the same time, Slovakia (+69.6%), Ireland (+37.5%), Sweden (+33.5%), Greece (+23.0%), the Netherlands (+19.0%) and France (+15.6%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Europe, with a CAGR of +69.6% from 2012-2021. Austria experienced a relatively flat trend pattern. By contrast, Poland (-5.1%), Belarus (-9.1%) and Russia (-9.2%) illustrated a downward trend over the same period. Italy (+52 p.p.), Austria (+7.3 p.p.), Belarus (+6 p.p.), Ireland (+4.3 p.p.), Sweden (+2.9 p.p.), France (+2.7 p.p.), the Netherlands (+2.5 p.p.), Russia (+2.5 p.p.), Greece (+2.5 p.p.), Poland (+2.4 p.p.) and Slovakia (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Russia ($X) and Sweden ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 38% share of total imports. Austria, France, Belarus, Slovakia, Poland, the Netherlands, Greece and Ireland lagged somewhat behind, together accounting for a further 18%.

Among the main importing countries, Slovakia, with a CAGR of +48.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per unit in 2021, with a decrease of -19.8% against the previous year. Overall, the import price, however, saw strong growth. The pace of growth was the most pronounced in 2015 when the import price increased by 204% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform