The European installation of industrial machinery and equipment hours worked in 2023 showed Germany leading significantly with 170.16 million hours, followed by Italy (79.352 million) and the United Kingdom (48.755 million). Croatia and Lithuania experienced the highest year-on-year increases at 18.34% and 11.48%, respectively, while Finland (-7.41%) and Cyprus (-6.53%) faced the largest declines. The overall market displayed mixed trends with moderate growth in most central and eastern European countries.
Over the past five years, Germany maintained a steady growth trajectory. Italy and Belgium showed notable improvements, while the Czech Republic and Slovakia faced slight declines. Future trends to watch include potential shifts in labor hours due to technological advancements and increasing automation. Monitoring macroeconomic factors and industry-specific developments will be key in predicting future patterns in labor demand.
Top countries in Installation of Industrial Machinery and Equipment Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 170,160,000 | 2023 | +2.12% | +0.42% | View data |
| 2 | 2 Italy | 79,352,000 | 2023 | +8.61% | +4.54% | View data |
| 3 | 3 United Kingdom | 48,755,000 | 2023 | +1.83% | +1.01% | View data |
| 4 | 4 Poland | 40,793,000 | 2023 | +1.7% | +1.72% | View data |
| 5 | 5 Spain | 27,155,000 | 2023 | +1.6% | +0.41% | View data |
| 6 | 6 Austria | 22,327,000 | 2023 | +2.29% | +2.96% | View data |
| 7 | 7 Netherlands | 22,175,000 | 2023 | +2.26% | +2.58% | View data |
| 8 | 8 Czech Republic | 20,692,000 | 2023 | +1.1% | -2.28% | View data |
| 9 | 9 Belgium | 17,289,000 | 2023 | +7.58% | +6.02% | View data |
| 10 | 10 Croatia | 11,124,000 | 2023 | -0.7% | +18.34% | View data |
