In 2023, Germany led the European Repair and Installation of Machinery and Equipment market with a 25.06 million euros share, followed by France and the United Kingdom. Notable growth was seen in Poland, the Netherlands, and Belgium, while Italy and Austria experienced declines. The Baltic states and smaller nations like Cyprus and Malta showed significant year-on-year growth, albeit from smaller bases. Iceland saw a significant drop in its market share, with a steep 33.28% decline.
Future trends to watch include:
- Continued growth in Eastern European countries as they modernize infrastructure.
- Potential impacts of automation and digitalization, influencing demand for specialized repair services.
- Green energy equipment specialization could drive growth in markets susceptible to environmental policy shifts.
Top countries in Repair and Installation of Machinery and Equipment Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.06 | 2023 | +5.48% | +2.12% | View data |
| 2 | 2 France | 14.29 | 2023 | -0.2% | +0.31% | View data |
| 3 | 3 United Kingdom | 9.64 | 2023 | -0.049% | -0.096% | View data |
| 4 | 4 Italy | 8.84 | 2023 | +0.29% | -1.29% | View data |
| 5 | 5 Netherlands | 7.75 | 2023 | +10.05% | +6.17% | View data |
| 6 | 6 Spain | 5.25 | 2023 | +1.89% | +0.77% | View data |
| 7 | 7 Poland | 4.76 | 2023 | +2.98% | +5.05% | View data |
| 8 | 8 Belgium | 3.2 | 2023 | +3.99% | +5.43% | View data |
| 9 | 9 Switzerland | 2.83 | 2023 | +2.91% | +4.74% | View data |
| 10 | 10 Czech Republic | 2.8 | 2023 | +3.45% | +1.83% | View data |
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