In 2023, France was the leading country in the European fabricated metal products repair sector, with a significant share in wages and salaries, followed by Germany and Italy. Norway showed remarkable growth with a 33.71% increase, contrasting with the UK and Spain which saw decreases of 6.5% and 2.51% respectively. Portugal and Croatia showed strong positive growth, while Romania and Greece experienced significant declines. Over the last five years, variations reflect an evolving industry, with countries like Lithuania and Serbia experiencing considerable growth in wages and salaries in this sector.
Future trends to watch include the potential for growth in Eastern European countries, which could become more competitive due to lower wages and increasing technical capabilities. Investments in automation and technology may also reshape the landscape, influencing labor costs and productivity across the region. Additionally, geopolitical and economic shifts could impact investment flows and regulatory environments, affecting this sector.
Top countries in Fabricated Metal Products Repair Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 40.24 | 2023 | +3.2% | +2.74% | View data |
| 2 | 2 Germany | 18.44 | 2023 | +1.38% | +3% | View data |
| 3 | 3 Italy | 8.02 | 2023 | +12.02% | +4.49% | View data |
| 4 | 4 United Kingdom | 5.35 | 2023 | -6% | -6.5% | View data |
| 5 | 5 Norway | 5.28 | 2023 | +16.11% | +33.71% | View data |
| 6 | 6 Poland | 3.38 | 2023 | +1.87% | -0.51% | View data |
| 7 | 7 Netherlands | 3.21 | 2023 | +4.76% | +6.75% | View data |
| 8 | 8 Belgium | 2.84 | 2023 | +3.87% | +3.36% | View data |
| 9 | 9 Finland | 2.6 | 2023 | +3.59% | +4.5% | View data |
| 10 | 10 Denmark | 2.48 | 2023 | +2.57% | +3.38% | View data |
