In 2023, Germany led the European market in lifting and handling equipment wages and salaries, with a significant share of €40.95 million and a strong year-on-year growth of 4.7%. Austria showed a notable increase of 5.12%, aligning with Germany's upward trend. Smaller markets like Serbia, Lithuania, Bosnia and Herzegovina, and Latvia experienced the highest growth rates, highlighted by Lithuania's remarkable 22.5% rise. Conversely, Belgium and Bulgaria saw declines of -2.02% and -2.05% respectively. Sweden and Denmark also recorded negative growth, albeit modest.
Looking ahead, the European market for lifting and handling equipment's wages and salaries is expected to become increasingly competitive. Key trends to watch include the continued expansion in Germany, alongside growth prospects in emerging markets like Lithuania and Serbia. The industry's adaptation to technological advancements and regional economic policies will be crucial in shaping future wage and salary distributions.
Top countries in Lifting and Handling Equipment Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40.95 | 2023 | +5.02% | +4.7% | View data |
| 2 | 2 France | 9.42 | 2023 | +7.04% | +0.73% | View data |
| 3 | 3 Italy | 8.2 | 2023 | +0.58% | +0.26% | View data |
| 4 | 4 Austria | 8.17 | 2023 | +4.41% | +5.12% | View data |
| 5 | 5 Spain | 6.11 | 2023 | -0.41% | +0.74% | View data |
| 6 | 6 Netherlands | 5.54 | 2023 | +3.02% | +3.24% | View data |
| 7 | 7 United Kingdom | 4.57 | 2023 | +0.52% | +0.038% | View data |
| 8 | 8 Sweden | 3.31 | 2023 | +1.66% | -1.34% | View data |
| 9 | 9 Finland | 3.11 | 2023 | +1.57% | +2.29% | View data |
| 10 | 10 Denmark | 2.27 | 2023 | +0.54% | -0.39% | View data |
