In 2023, Germany leads significantly in metal forming machinery wages and salaries, measured at 5.18 billion euros, with more than 7 times the value of Italy, the second in line. Substantial growth is seen in Poland and Portugal, with Poland witnessing an impressive 8.9% increase. Conversely, countries like Bosnia and Herzegovina and Finland face noticeable declines. The consistent growth in Germany and Austria, coupled with Spain’s downturn, highlights regional disparities.
Future trends to watch include the technological advancements in automation and digitalization, which may influence labor costs and demand for skilled workforce across Europe. Furthermore, economic pressures and labor market reforms could impact wage structures differently across countries.
Top countries in Metal Forming Machinery Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,180 | 2023 | +2.64% | +1.52% | View data |
| 2 | 2 Italy | 692.8 | 2023 | +4.15% | +0.66% | View data |
| 3 | 3 Austria | 303.8 | 2023 | +3.54% | +2.79% | View data |
| 4 | 4 Spain | 231 | 2023 | -0.17% | -2.04% | View data |
| 5 | 5 France | 198.9 | 2023 | +3.38% | +1.47% | View data |
| 6 | 6 United Kingdom | 197.1 | 2023 | +0.41% | -0.02% | View data |
| 7 | 7 Czech Republic | 167.3 | 2023 | +7.24% | +3.43% | View data |
| 8 | 8 Sweden | 86.7 | 2023 | +0.23% | +0.78% | View data |
| 9 | 9 Poland | 72.9 | 2023 | +8.81% | +8.9% | View data |
| 10 | 10 Belgium | 53.8 | 2023 | +0.37% | -0.26% | View data |
