The European Plastic and Rubber Machinery sector reveals dynamic shifts in wages and salaries across countries. In 2023, Germany led the market with a significant value of 2.18 billion euros. Austria and Italy follow, though their annual variations are divergent, with Austria experiencing a notable 2.63% increase while Italy saw a modest downturn of 0.63%. The Czech Republic led year-on-year growth at 6.33%, indicating a burgeoning sector, alongside Portugal and Bulgaria showing strong double-digit growth. Conversely, Denmark, Hungary, and Greece have faced declines. Over the past five years, the Compound Annual Growth Rate highlights consistent but varied development across countries.
Future trends to watch include potential technological advancements that could boost productivity and wages in these sectors. Emerging markets like Poland and Slovakia might see further development due to increasing investments, while Germany may continue setting benchmarks due to its well-established industry base. Close attention to labor regulations and automation impacts might further shape salary dynamics across Europe.
Top countries in Plastic and Rubber Machinery Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,180 | 2023 | +3.06% | +2.35% | View data |
| 2 | 2 Austria | 455.6 | 2023 | +3.59% | +2.63% | View data |
| 3 | 3 Italy | 390 | 2023 | -0.18% | -0.63% | View data |
| 4 | 4 France | 322 | 2023 | +4.65% | +4.65% | View data |
| 5 | 5 Spain | 60.4 | 2023 | +1.17% | +2% | View data |
| 6 | 6 Sweden | 55.5 | 2023 | +5.31% | +4.94% | View data |
| 7 | 7 Czech Republic | 41.8 | 2023 | +7.46% | +6.33% | View data |
| 8 | 8 Poland | 28.7 | 2023 | +5.9% | +4.26% | View data |
| 9 | 9 Slovakia | 26.3 | 2023 | +8.68% | +3.26% | View data |
| 10 | 10 Denmark | 9.9 | 2023 | -1% | -4.09% | View data |
