The European Electronic Components and Electronic Boards industry saw Germany lead with significant hours worked in 2023, although experiencing a slight decline. Italy and the UK also saw reductions, whereas Hungary and Austria noted growth. Notably, Belgium's hours surged, while Slovakia fell sharply. Estonia, Lithuania, and Latvia showed growth despite the small scale. Over the last five years, transformations in hours worked have been recorded, influenced by technological advances, economic policies, and varying consumer demands.
Future trends to watch include increased automation potentially reducing labor hours, shifts toward greener technologies affecting production processes, and potential growth in Eastern European countries due to increasing capacity and investment. Monitoring these trends will be vital to understand market dynamics in the European electronic components sector.
Top countries in Electronic Components and Electronic Boards Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 133,060,000 | 2023 | +1.51% | -0.018% | View data |
| 2 | 2 Italy | 50,000,000 | 2023 | -1.98% | -1.57% | View data |
| 3 | 3 Hungary | 42,035,000 | 2023 | +1.4% | +6.74% | View data |
| 4 | 4 United Kingdom | 36,057,000 | 2023 | -1.67% | -2.44% | View data |
| 5 | 5 Romania | 34,553,000 | 2023 | +3.33% | +1.53% | View data |
| 6 | 6 Poland | 26,422,000 | 2023 | -1.13% | -0.54% | View data |
| 7 | 7 Austria | 19,081,000 | 2023 | +1.79% | +3.31% | View data |
| 8 | 8 Spain | 15,922,000 | 2023 | -0.49% | +1.98% | View data |
| 9 | 9 Czech Republic | 9,964,300 | 2023 | -1.47% | -4.84% | View data |
| 10 | 10 Netherlands | 7,896,900 | 2023 | -4.2% | -6.27% | View data |
