In 2023, Germany dominated the European motor vehicles wages and salaries share, accounting for a substantial portion of the market, followed by the United Kingdom and France. Year-on-year variations reveal robust growth in Poland, the Netherlands, and Serbia, with significant contractions in Greece. Germany, the UK, and Spain also saw growth, whereas France, Belgium, and Croatia experienced declines. The CAGR over the past five years emphasizes consistent increases in Poland and the Czech Republic, while Greece has faced downturns.
Looking forward, trends to watch include the continued expansion in Central and Eastern Europe driven by cost advantages and a skilled workforce, potential fluctuations in Western European markets under economic uncertainty, and the impact of automotive digitization and green investments on labor dynamics. Eurozone-related policy shifts and consumer demand will further influence wage changes across countries.
Top countries in Motor Vehicles Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 65.64 | 2023 | +3.16% | +2.08% | View data |
| 2 | 2 United Kingdom | 7.07 | 2023 | +1.98% | +2.18% | View data |
| 3 | 3 France | 6.81 | 2023 | -0.77% | -2.24% | View data |
| 4 | 4 Sweden | 4.5 | 2023 | +3.08% | +2.91% | View data |
| 5 | 5 Spain | 4.01 | 2023 | +4.49% | +3.04% | View data |
| 6 | 6 Italy | 3.24 | 2023 | +2.4% | +1.67% | View data |
| 7 | 7 Austria | 1.58 | 2023 | +2.52% | +1.57% | View data |
| 8 | 8 Czech Republic | 1.55 | 2023 | +0.46% | +2.86% | View data |
| 9 | 9 Poland | 1.46 | 2023 | +7.52% | +9.8% | View data |
| 10 | 10 Netherlands | 1.3 | 2023 | +4.8% | +7.69% | View data |
