In 2023, Germany dominated the European Repair and Maintenance of Aircraft and Spacecraft wages with 49.82 million euros, showing a 2.23% increase from the previous year. The UK followed with 18.66 million euros, despite a slight decrease of 2.48%. France faced a significant drop of 9.11%, while Bulgaria and Lithuania exhibited notable growth of 12.11% and 20.75%, respectively. Elsewhere, Finland noted a rise of 4.16%, and Iceland marked an impressive 13.29% growth. A diverse range of performance was noted across smaller economies, with Greece and Austria experiencing over 10% growth in wages.
Future trends to monitor include:
- Potential growth in Eastern European nations such as Bulgaria and Lithuania.
- The impact of technological advancements on operational efficiencies and cost structures.
- The effects of geopolitical changes and environmental policies influencing the industry.
Top countries in Repair and Maintenance of Aircraft and Spacecraft Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 49.82 | 2023 | +10.24% | +2.23% | View data |
| 2 | 2 United Kingdom | 18.66 | 2023 | -1.39% | -2.48% | View data |
| 3 | 3 France | 5 | 2023 | -11.22% | -9.11% | View data |
| 4 | 4 Hungary | 4.44 | 2023 | +10.12% | -2.58% | View data |
| 5 | 5 Spain | 3.28 | 2023 | +3.09% | +0.86% | View data |
| 6 | 6 Finland | 2.63 | 2023 | +4.26% | +4.16% | View data |
| 7 | 7 Lithuania | 2.47 | 2023 | +20.84% | +20.75% | View data |
| 8 | 8 Italy | 2.33 | 2023 | +5.86% | -1.61% | View data |
| 9 | 9 Norway | 2.1 | 2023 | -0.44% | -1.4% | View data |
| 10 | 10 Portugal | 1.83 | 2023 | +2.23% | +1.92% | View data |
