In 2023, Germany held the largest share of the European Repair and Installation of Machinery and Equipment market, contributing 42.57 million euros. Italy followed with 20.84 million euros, and Spain with 12.13 million euros. Notably, the Netherlands and Belgium posted gains, standing at 11.29 and 6.27 million euros, respectively. The smaller markets like Greece, Malta, and Latvia contributed minimal outputs.
Year-on-year changes from 2022 to 2023 highlighted a significant growth for Belgium (4.12%) and Lithuania (4.96%). Finland also showed strong growth at 3.92%, while Spain and Greece saw declines in this period.
Future trends to watch for in this sector include:
- Continuous market dominance by Germany and Italy, driven by their strong manufacturing sectors.
- Potential for increased share by smaller economies with technological advancements.
- Impact of European Union's environmental and industrial policies on market dynamics.
Top countries in Repair and Installation of Machinery and Equipment Output Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 42.57 | 2023 | +1.45% | +2.08% | View data |
| 2 | 2 Italy | 20.84 | 2023 | +4.15% | +2.31% | View data |
| 3 | 3 Spain | 12.13 | 2023 | +2.46% | -0.45% | View data |
| 4 | 4 Netherlands | 11.29 | 2023 | -1.1% | +2.69% | View data |
| 5 | 5 Belgium | 6.27 | 2023 | +8.44% | +4.12% | View data |
| 6 | 6 Finland | 3.89 | 2023 | -0.9% | +3.92% | View data |
| 7 | 7 Slovenia | 0.86 | 2023 | +2.15% | +1.24% | View data |
| 8 | 8 Lithuania | 0.81 | 2023 | +4.02% | +4.96% | View data |
| 9 | 9 Estonia | 0.59 | 2023 | +0.46% | +3.17% | View data |
| 10 | 10 Greece | 0.28 | 2023 | -30.31% | -17.37% | View data |
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