The European lifting and handling equipment sector has shown diverse trends in wages and salaries across countries. In 2024, Germany leads with €5.69 billion, markedly ahead of France and Italy, which registered €1.31 billion and €1.14 billion respectively. Year-on-year changes revealed Germany's 4.7% growth, Austria's significant 5.12% increase, and Serbia's remarkable 7.77% upswing. Contrarily, Sweden decreased by 1.34%, and Belgium by 2.02%. Over a five-year period, variations showcased Lithuania's standout growth of 22.5%, illustrating divergent country dynamics.
Future trends to watch include:
- Potential shifts in labor costs and productivity in leading economies like Germany and France.
- Emerging growth from Eastern European countries such as Serbia and Lithuania, which may alter regional competitive dynamics.
- Impact of automation and technological advancements on sector wages and employment structure.
Top countries in Lifting and Handling Equipment Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,690 | 2023 | +5.02% | +4.7% | View data |
| 2 | 2 France | 1,310 | 2023 | +7.04% | +0.73% | View data |
| 3 | 3 Italy | 1,140 | 2023 | +0.58% | +0.26% | View data |
| 4 | 4 Austria | 1,140 | 2023 | +4.41% | +5.12% | View data |
| 5 | 5 Spain | 849.1 | 2023 | -0.41% | +0.74% | View data |
| 6 | 6 Netherlands | 770.2 | 2023 | +3.02% | +3.24% | View data |
| 7 | 7 United Kingdom | 635.5 | 2023 | +0.52% | +0.038% | View data |
| 8 | 8 Sweden | 459.6 | 2023 | +1.66% | -1.34% | View data |
| 9 | 9 Finland | 432.5 | 2023 | +1.57% | +2.29% | View data |
| 10 | 10 Denmark | 315.3 | 2023 | +0.54% | -0.39% | View data |
