The European wages and salaries of furniture and home furnishings repair showed diverse trends across countries in 2023. Germany leads with the highest value of 71.2 million Euros, seeing a modest 3.38% increase from the previous year. The UK also sees growth, albeit at a slower pace of 1.1%. In contrast, Italy experienced significant growth at 5.69%, while France saw a decline of 4.87%. Notably, Spain and Portugal exhibited remarkable gains with 9.01% and 20.79% respectively. Eastern European nations like Hungary and Romania saw double-digit growth, signaling a growing sector. However, Poland and Iceland faced notable declines, indicating potential economic or market challenges.
Future trends to watch include:
- The impact of economic policies on wage growth in Western Europe, especially in major markets like Germany and the UK.
- The potential for continued expansion in Eastern European countries, which are currently experiencing robust growth rates.
- Market adaptability and technological advancements in the repair sector that could influence wage structures.
- Environmental policies and their influence on the sustainability and repair sectors, potentially altering demand and wages.
Top countries in Wages and Salaries of Furniture and Home Furnishings Repair by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 71.2 | 2023 | +8.37% | +3.38% | View data |
| 2 | 2 United Kingdom | 61.8 | 2023 | +0.98% | +1.1% | View data |
| 3 | 3 Italy | 48.8 | 2023 | +4.95% | +5.69% | View data |
| 4 | 4 France | 27.5 | 2023 | -5.17% | -4.87% | View data |
| 5 | 5 Denmark | 21.1 | 2023 | +2.43% | +3.69% | View data |
| 6 | 6 Spain | 17.1 | 2023 | +6.21% | +9.01% | View data |
| 7 | 7 Sweden | 5.4 | 2023 | 0% | -1.08% | View data |
| 8 | 8 Hungary | 3 | 2023 | +11.11% | +13.4% | View data |
| 9 | 9 Poland | 3 | 2023 | -3.23% | -15.83% | View data |
| 10 | 10 Romania | 2.2 | 2023 | +15.79% | +14.87% | View data |
