In 2023, Norway, Austria, and Denmark lead in European Lifting and Handling Equipment Labour Costs per Employee FTE with forecasted 2024 values of 96.4, 79.4, and 79.2 thousand euros, respectively. These costs diminish notably in Eastern Europe, with Bulgaria and Bosnia and Herzegovina registering the lowest figures at 11.5 and 10.1 thousand euros. The data presents a significant disparity in labor costs between Western and Eastern Europe, reflecting varying economic conditions and labor market dynamics.
Future trends to watch:
- Economic shifts and regulatory changes affecting labor costs.
- Technological advancements and automation reducing dependency on manpower.
- Outsourcing and offshoring trends due to cost disparities across regions.
Top countries in Lifting and Handling Equipment Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Norway | 96.4 | 2023 | View data |
| 2 | 2 Austria | 79.4 | 2023 | View data |
| 3 | 3 Denmark | 79.2 | 2023 | View data |
| 4 | 4 Netherlands | 73.4 | 2023 | View data |
| 5 | 5 Germany | 70.7 | 2023 | View data |
| 6 | 6 Finland | 68.9 | 2023 | View data |
| 7 | 7 France | 66.5 | 2023 | View data |
| 8 | 8 Sweden | 65.7 | 2023 | View data |
| 9 | 9 Italy | 60.8 | 2023 | View data |
| 10 | 10 Belgium | 60.3 | 2023 | View data |
