In 2023, Germany dominated the European fluid power equipment wages and salaries share at 64.86 million Euros, greatly outpacing other countries. Italy and the United Kingdom followed, though trailing far behind. Notable growth occurred in Poland with a 12.9% increase, while France saw a decline of 3.1%. Sweden exhibited a strong growth of 7.63%, and both Slovakia and Slovenia also demonstrated solid increases. Conversely, Belgium experienced a 2.09% drop.
Future trends to watch include:
- The continual growth of Poland's market share as it maintains its momentum.
- The potential recovery of Belgium's market share if corrective measures are implemented.
- Germany's position as a market leader and its sustainability amid economic shifts.
Top countries in Fluid Power Equipment Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 64.86 | 2023 | +10.82% | +4.97% | View data |
| 2 | 2 Italy | 12.13 | 2023 | +2.51% | +2.89% | View data |
| 3 | 3 United Kingdom | 3.48 | 2023 | -0.84% | -0.42% | View data |
| 4 | 4 Sweden | 3.43 | 2023 | +2.41% | +7.63% | View data |
| 5 | 5 France | 3.34 | 2023 | -2.45% | -3.1% | View data |
| 6 | 6 Austria | 1.8 | 2023 | +5.71% | +1.29% | View data |
| 7 | 7 Spain | 1.76 | 2023 | +3.19% | +2.61% | View data |
| 8 | 8 Poland | 1.72 | 2023 | +9% | +12.9% | View data |
| 9 | 9 Czech Republic | 1.33 | 2023 | +2.02% | +0.12% | View data |
| 10 | 10 Bulgaria | 1.02 | 2023 | +5.07% | +2.49% | View data |
