The data from 2023 shows Germany leading with a value added of €17.2 billion, followed by Italy and Spain, contributing €9.72 billion and €7.85 billion respectively. Among the notable increases, Austria, Belgium, and Slovenia show significant growth rates of 3.08%, 4.22%, and 3.39% respectively, which may indicate a strengthening sector in these regions. Primary drivers include the robust industrial base and investment in machinery maintenance.
Future trends to watch:
- The growing emphasis on sustainability and efficiency could enhance demand for equipment upgrades and increased maintenance services.
- Automation and Industry 4.0 integration might lead to a shift towards more advanced repair services.
- Potential economic fluctuations post-2024 could impact investment levels and maintenance expenditure.
Top countries in Value Added of Repair and Installation of Industrial Machinery and Industrial Equipment by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17,200 | 2023 | +1.37% | +2.72% | View data |
| 2 | 2 Italy | 9,720 | 2023 | +1.23% | +2.06% | View data |
| 3 | 3 Spain | 7,850 | 2023 | +2.63% | +2.58% | View data |
| 4 | 4 Netherlands | 4,140 | 2023 | +2.05% | +1.65% | View data |
| 5 | 5 Austria | 2,800 | 2023 | +2.22% | +3.08% | View data |
| 6 | 6 Belgium | 2,320 | 2023 | +3.06% | +4.22% | View data |
| 7 | 7 Finland | 1,700 | 2023 | +1.62% | +1.58% | View data |
| 8 | 8 Slovakia | 692.03 | 2023 | +2.1% | +2.06% | View data |
| 9 | 9 Slovenia | 482.5 | 2023 | +3.21% | +3.39% | View data |
| 10 | 10 Ireland | 474.06 | 2023 | +2.78% | +3.27% | View data |
