The European Metal Forming Machinery and Machine Tools wages and salaries data indicate that in 2023, Germany accounted for the majority share at 58.6 million euros, followed by Italy and Switzerland at 13.26 and 9.12 million euros, respectively. The United Kingdom and Spain showed slight negative variations, while Portugal and Lithuania displayed significant increases of 7.97% and 8.94% respectively.
Notable trends include:
- Germany maintains its leading position, yet with moderate growth at 1.36%.
- Italy and Switzerland show positive variations, signaling healthy sector performance.
- Several countries, notably Poland and Greece, exhibit declines in this sector's wage share.
Future trends to watch include:
- Continued growth in Portugal and Lithuania may signal emerging strength in these regions.
- The impact of economic changes post-2023, influenced by technological advancements and fiscal policies, will be critical.
- Market shifts towards automation and digitalization could potentially affect wage allocations across the region.
Top countries in Metal Forming Machinery and Machine Tools Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 58.6 | 2023 | +4.82% | +1.36% | View data |
| 2 | 2 Italy | 13.26 | 2023 | +4.65% | +1.71% | View data |
| 3 | 3 Switzerland | 9.12 | 2023 | +2.73% | +2.15% | View data |
| 4 | 4 Austria | 3.59 | 2023 | +3.43% | +2.85% | View data |
| 5 | 5 United Kingdom | 2.63 | 2023 | +0.12% | -0.14% | View data |
| 6 | 6 Spain | 2.53 | 2023 | +0.42% | -1.05% | View data |
| 7 | 7 France | 2.06 | 2023 | +3.42% | +1.4% | View data |
| 8 | 8 Czech Republic | 1.53 | 2023 | +3.16% | -0.19% | View data |
| 9 | 9 Netherlands | 0.98 | 2023 | +1.7% | +3.73% | View data |
| 10 | 10 Sweden | 0.95 | 2023 | +0.086% | -0.63% | View data |
