The European Electrical and Electronic Equipment for Motor Vehicles wages and salaries share in 2024 presents mixed outcomes. Germany leads with the highest value of 23.04 million euros despite a decline. Romania and Italy follow, showing growth with marginal increases. Noteworthy growth emerges from Serbia, Spain, and Bulgaria, each experiencing strong double-digit growth. In contrast, the UK, Sweden, and Finland face declines, highlighting market challenges. France and Lithuania also experience high growth, reflecting a positive trend.
Future trends to watch include:
- Continued growth in Eastern European countries driven by lower labor costs and increasing investments.
- Potential challenges for Western European countries like the UK due to economic uncertainties and cost competitiveness.
- The impact of emerging technologies, such as electric vehicles, influencing wage distribution and market dynamics.
Top countries in Electrical and Electronic Equipment for Motor Vehicles Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23.04 | 2023 | +3.7% | -1.48% | View data |
| 2 | 2 Romania | 20.83 | 2023 | +6.59% | +2.48% | View data |
| 3 | 3 Italy | 8.21 | 2023 | +2.72% | +1.79% | View data |
| 4 | 4 Serbia | 7.28 | 2023 | +7.89% | +11.07% | View data |
| 5 | 5 Poland | 6.47 | 2023 | +3.26% | +3.82% | View data |
| 6 | 6 Spain | 6.31 | 2023 | -0.14% | +13.61% | View data |
| 7 | 7 Hungary | 6.31 | 2023 | +4.28% | +3.97% | View data |
| 8 | 8 Czech Republic | 4.1 | 2023 | +6.26% | +3.33% | View data |
| 9 | 9 France | 4.01 | 2023 | -6.01% | +20.49% | View data |
| 10 | 10 Bulgaria | 3.52 | 2023 | +10.24% | +13.3% | View data |
