The European market for the sold production of electrical equipment repair is led by Germany, holding 25.17% of the market share in 2024. Following Germany, France and Italy account for 19.59% and 15.99%, respectively. Spain and the United Kingdom are also significant players with 7.81% and 5.43%. Smaller contributions are seen from Austria with 4.74% and Poland with 3.7%. The remaining countries collectively account for less than 20% of the total market.
Over the past year, the market has shown varying trends across different countries. Notable growth was observed in Greece (12.17%), Portugal (8.73%), and Bulgaria (9.98%), while significant declines were seen in Latvia (-11.63%) and Iceland (-47.33%). Other major markets like Germany and France grew by 1.77% and 3.53%, indicating moderate stability. Austria and Poland experienced slight contractions at -0.49% and -0.33%, respectively.
For future trends, it will be essential to monitor:
- The role of technological advancements in boosting efficiency and reducing repair costs.
- The impact of sustainable practices and the push towards green energy solutions on the repairs segment.
- Potential regulatory changes in the main markets especially within the EU that could alter market dynamics.
- The balance between in-house repairs and outsourcing to third-party service providers.
Top countries in Sold Production of Electrical Equipment Repair Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.17 | 2023 | +1.55% | +1.77% | View data |
| 2 | 2 France | 19.59 | 2023 | +2.52% | +3.53% | View data |
| 3 | 3 Italy | 15.99 | 2023 | +2.55% | +3.24% | View data |
| 4 | 4 Spain | 7.81 | 2023 | +11.02% | +5.81% | View data |
| 5 | 5 United Kingdom | 5.43 | 2023 | +0.086% | +2.38% | View data |
| 6 | 6 Austria | 4.74 | 2023 | +0.44% | -0.49% | View data |
| 7 | 7 Poland | 3.7 | 2023 | +1.5% | -0.33% | View data |
| 8 | 8 Belgium | 3.05 | 2023 | +16.52% | +1.1% | View data |
| 9 | 9 Czechia | 2.89 | 2023 | |||
| 10 | 10 Slovakia | 1.87 | 2023 | +1.12% | -2.62% | View data |
