In 2023, France led European wages and salaries in the repair and installation of industrial machinery and equipment, reaching 14.81 billion Euros. Germany followed with 12.5 billion Euros, showcasing a growing industry presence. Although Italy and Spain contributed less, their respective 3.93 and 3.92 billion Euro figures indicated steady industrial activity. The Netherlands, Austria, and Belgium formed a mid-tier segment, while smaller economies like Finland, Slovenia, and others made marginal contributions.
The year-on-year variations for 2023 reveal notable increases in Belgium at 4.72%, and Slovenia at 3.43%, highlighting dynamic growth, while other countries experienced more moderate increases. Over the past five years, the CAGR underscores varying paces of growth across Europe, signaling divergent industrial developments.
Future trends to watch include technological advancements leading to potential wage adjustments and shifting workforce demands. Growing automation and sustainability practices could influence salary structures across Europe while potentially impacting countries differently based on industrial adaptation rates.
Top countries in Wages and Salaries in Repair and Installation of Industrial Machinery and Industrial Equipment by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 14,810 | 2023 | +1.48% | +1.85% | View data |
| 2 | 2 Germany | 12,500 | 2023 | +1.48% | +2.09% | View data |
| 3 | 3 Italy | 3,930 | 2023 | +1.53% | +2.64% | View data |
| 4 | 4 Spain | 3,920 | 2023 | +2.43% | +2.27% | View data |
| 5 | 5 Netherlands | 2,100 | 2023 | +1.99% | +1.84% | View data |
| 6 | 6 Austria | 1,620 | 2023 | +2.21% | +2.78% | View data |
| 7 | 7 Belgium | 1,420 | 2023 | +3.22% | +4.72% | View data |
| 8 | 8 Finland | 958 | 2023 | +1.48% | +1.1% | View data |
| 9 | 9 Slovenia | 316.3 | 2023 | +3.4% | +3.43% | View data |
| 10 | 10 Slovakia | 265.82 | 2023 | +1.56% | +1.51% | View data |
