In 2023, Austria leads Europe's turnover per employee in the bearings, gears, gearing, and driving elements sector at 445.3 thousand euros, followed by the UK and Belgium. Germany, despite its industrial strength, records comparatively less at 231.6 thousand euros, indicating varied productivity or market segmentation. Eastern European countries, like Poland and Hungary, trail with values under 80 thousand euros, suggesting potential for growth. Over the last five years, the compound annual growth rate (CAGR) remained steady, indicating stable industry trends without significant fluctuations.
Future trends to watch include:
- The impact of automation on productivity
- Market shifts due to green energy adoption
- Geopolitical influences on supply chain efficiencies
- Technological advancements driving higher turnover rates
Top countries in Bearings, Gears, Gearing and Driving Elements Turnover Per Employee by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Austria | 445.3 | 2023 | View data |
| 2 | 2 United Kingdom | 400.7 | 2023 | View data |
| 3 | 3 Belgium | 290.6 | 2023 | View data |
| 4 | 4 Sweden | 287.3 | 2023 | View data |
| 5 | 5 Denmark | 281.3 | 2023 | View data |
| 6 | 6 France | 261.2 | 2023 | View data |
| 7 | 7 Italy | 255.9 | 2023 | View data |
| 8 | 8 Norway | 252.2 | 2023 | View data |
| 9 | 9 Germany | 231.6 | 2023 | View data |
| 10 | 10 Finland | 210.7 | 2023 | View data |
