In 2023, the European repair and installation of machinery and equipment sector saw France leading with an output share of 25.48 million euros, followed by Germany, the UK, and Italy. Notable year-on-year growth rates include Hungary's impressive 8.79%, Croatia's 10.74%, and Bulgaria's 7.81%. On the other hand, Greece saw a significant decline of 17.98%. Over the last five years, Poland, Czech Republic, and Cyprus have recorded strong compound annual growth rates (CAGR), despite Spain and Iceland facing minor setbacks. The market seems concentrated in Western Europe, with emerging Eastern European countries showing potential growth.
For future trends, watch for increased digitalization within the sector, focused sustainability efforts, and potential disruptions due to global trade dynamics. An anticipated growth in automation technologies and the integration of AI-driven solutions might reshape the landscape, creating opportunities for innovation and efficiency improvements across countries.
Top countries in Repair and Installation of Machinery and Equipment Output Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 25.48 | 2023 | +2.01% | +1.65% | View data |
| 2 | 2 Germany | 18.37 | 2023 | +1.4% | +2.06% | View data |
| 3 | 3 United Kingdom | 9.04 | 2023 | +1.44% | +1.59% | View data |
| 4 | 4 Italy | 8.86 | 2023 | +4.45% | +1.99% | View data |
| 5 | 5 Spain | 5.24 | 2023 | +2.42% | -0.46% | View data |
| 6 | 6 Poland | 4.94 | 2023 | +3.52% | +3.96% | View data |
| 7 | 7 Netherlands | 4.89 | 2023 | -0.94% | +2.72% | View data |
| 8 | 8 Austria | 2.71 | 2023 | +2.02% | +4.19% | View data |
| 9 | 9 Belgium | 2.71 | 2023 | +8.44% | +4.12% | View data |
| 10 | 10 Czech Republic | 2.53 | 2023 | +1.82% | +7.08% | View data |
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