In 2023, Germany dominated the European electronic components and boards market in terms of wages and salaries, accounting for a significant portion of the total. Austria and Belgium showed notable increases with year-on-year variations of 5.15% and 7.83%, respectively. Meanwhile, Lithuania experienced robust growth at 27.94%, signaling potential for future expansion. Conversely, Bulgaria and Sweden saw contractions, declining by 4.44% and 2.37%, respectively. Key players like Hungary and Serbia indicated significant positive variations of 15.03% and 14.71%. France exhibited a negative trend, decreasing by 1.88%.
Future trends to watch:
- Growth potential in Eastern Europe, particularly in Hungary and Lithuania.
- Stability and continued upward trajectory in established markets such as Germany and Austria.
- Potential for strategic adjustments in countries experiencing declines like Sweden and Bulgaria.
Top countries in Electronic Components and Electronic Boards Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 37.94 | 2023 | +4.85% | +4.67% | View data |
| 2 | 2 Switzerland | 13.23 | 2023 | +0.8% | +2.35% | View data |
| 3 | 3 France | 12.98 | 2023 | +0.45% | -1.88% | View data |
| 4 | 4 Italy | 7.9 | 2023 | +0.93% | +0.58% | View data |
| 5 | 5 Austria | 5.22 | 2023 | +2.1% | +5.15% | View data |
| 6 | 6 United Kingdom | 4.56 | 2023 | -0.68% | -0.79% | View data |
| 7 | 7 Hungary | 3.56 | 2023 | +11.55% | +15.03% | View data |
| 8 | 8 Netherlands | 3.24 | 2023 | +0.99% | -0.24% | View data |
| 9 | 9 Spain | 2.42 | 2023 | +4.29% | +7.09% | View data |
| 10 | 10 Romania | 1.81 | 2023 | +5.17% | +5.45% | View data |
