In 2023, Germany led the European markets in transport equipment wages and salaries with €74.13 billion, followed by France (€12.17 billion) and Italy (€9.73 billion). Spain, Austria, and the Netherlands were next, each under €8 billion. Smaller markets included Luxembourg and Estonia, both under €0.1 billion. Year-on-year, Slovakia saw the highest growth at 4.49%, while Ireland experienced a notable decline of 6.91%. Belgium also witnessed a slight drop at 0.31%. Over the last five years, moderate growth was prevalent across most countries, indicating stability and gradual expansion in the sector.
Looking forward, several trends may impact the landscape for transport equipment wages in Europe:
- Technological advancements and automation may shift wage structures.
- Green policies and sustainability initiatives could influence sector investments.
- Economic shifts or regulatory changes within the EU could affect regional performance differences.
Top countries in Wages and Salaries in Transport Equipment by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 74,130 | 2023 | +2.18% | +2.42% | View data |
| 2 | 2 France | 12,170 | 2023 | +1.19% | +1.47% | View data |
| 3 | 3 Italy | 9,730 | 2023 | +1.32% | +1.36% | View data |
| 4 | 4 Spain | 7,900 | 2023 | +1.22% | +1.09% | View data |
| 5 | 5 Austria | 2,760 | 2023 | +2.52% | +1.87% | View data |
| 6 | 6 Netherlands | 2,170 | 2023 | +1.92% | +1.63% | View data |
| 7 | 7 Slovakia | 1,980 | 2023 | +4.07% | +4.49% | View data |
| 8 | 8 Belgium | 1,870 | 2023 | -0.24% | -0.31% | View data |
| 9 | 9 Finland | 703 | 2023 | +1.3% | +1.09% | View data |
| 10 | 10 Slovenia | 416.8 | 2023 | +2.61% | +2.26% | View data |
