In 2023, Romania leads in the hours worked within the European Electrical and Electronic Equipment for Motor Vehicles sector, with substantial year-on-year growth of 6.31%. Poland also shows positive growth of 1.99%. Conversely, Germany, Hungary, and Spain experienced declines in hours worked, alongside notable reductions in the UK and Finland, with -29.29% and -48.22%, respectively. While modest increases in countries like Portugal and Bulgaria indicate resilience, others like Sweden and Belgium faced declines.
Future trends to watch include potential growth in emerging Eastern European markets due to increased manufacturing capacity, while Western Europe might focus on automation and efficiency improvements that could slightly reduce hours worked but enhance productivity. Tracking technological advancements and economic shifts will be crucial.
Top countries in Electrical and Electronic Equipment for Motor Vehicles Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 236,040,000 | 2023 | +9.01% | +6.31% | View data |
| 2 | 2 Poland | 49,085,000 | 2023 | +4.49% | +1.99% | View data |
| 3 | 3 Germany | 34,553,000 | 2023 | -0.73% | -3.15% | View data |
| 4 | 4 Bulgaria | 34,464,000 | 2023 | +4.91% | +3.43% | View data |
| 5 | 5 Hungary | 26,731,000 | 2023 | -5.61% | -3.95% | View data |
| 6 | 6 Czech Republic | 22,992,000 | 2023 | +2.58% | +0.51% | View data |
| 7 | 7 Italy | 19,261,000 | 2023 | +0.83% | -0.35% | View data |
| 8 | 8 Slovakia | 12,450,000 | 2023 | -4.59% | -2.13% | View data |
| 9 | 9 Lithuania | 9,714,000 | 2023 | +10.31% | +4.94% | View data |
| 10 | 10 Spain | 8,069,600 | 2023 | -2.61% | -3.46% | View data |
