In 2023, the repair and installation of machinery and equipment sector in Europe saw France leading with 63.62 billion euros, followed by Germany and the UK. The sector showed mixed growth rates across Europe. While Poland, Austria, and Hungary experienced robust growth, with Hungary showing the highest year-on-year increase of 8.79%, Spain and Greece faced declines. The Czech Republic and Bulgaria also registered notable growth. The five-year CAGR indicates moderate but steady growth in the dominant markets. Variations suggest differing resilience and opportunities across countries.
Future trends to watch include technological advancements and digitalization, affecting efficiency and service delivery. Additionally, green energy equipment installation may drive growth, particularly in countries with strong sustainability agendas.
Top countries in Repair and Installation of Machinery and Equipment Output by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 63,620 | 2023 | +2.01% | +1.65% | View data |
| 2 | 2 Germany | 45,860 | 2023 | +1.4% | +2.06% | View data |
| 3 | 3 United Kingdom | 22,570 | 2023 | +1.44% | +1.59% | View data |
| 4 | 4 Italy | 22,130 | 2023 | +4.45% | +1.99% | View data |
| 5 | 5 Spain | 13,080 | 2023 | +2.42% | -0.46% | View data |
| 6 | 6 Poland | 12,340 | 2023 | +3.52% | +3.96% | View data |
| 7 | 7 Netherlands | 12,200 | 2023 | -0.94% | +2.72% | View data |
| 8 | 8 Austria | 6,770 | 2023 | +2.02% | +4.19% | View data |
| 9 | 9 Belgium | 6,760 | 2023 | +8.44% | +4.12% | View data |
| 10 | 10 Czech Republic | 6,310 | 2023 | +1.82% | +7.08% | View data |
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