The market is dominated by foreign suppliers, as imports account for 54.3% of total market size in 2023. B2B drives market demand, with B2B spending representing 91.6% of total demand in 2023. Italy has the second largest market size for bearings, gears, and driving elements regionally, with demand reaching USD7.3 billion in 2023. Skf Industrie SpA is the largest company in Italy, generating 9.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 17.6% of total production value in 2023. The total number of companies decreases in 2023, to 945 units. The costs of the industry increase by 9% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 11.1% of production value in 2023, the sixth highest regionally. The industry’s exports share decreases in 2023 to 66.9% of total production output. With production value of USD8.8 billion, Italy accounts for 17.5% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Bearings, Gears, and Driving Elements in Italy: ISIC 2913. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bearings, Gears, and Driving Elements in Italy: ISIC 2913 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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