In 2023, Germany led the European repair and installation of machinery and equipment sector with 25.47 million euros in wages and salaries, followed by France and Italy. Notably high-growth countries include Lithuania (24.09%) and Estonia (14.09%), while the UK and Norway saw declines. Poland, Switzerland, and Belgium also experienced strong growth above 4%. Conversely, Cyprus and Iceland showed no growth. The sector sees variability, with overall positive trends driven by emerging Eastern European markets.
Future trends to observe include technological advancements increasing efficiency, potentially impacting wage growth. Brexit's long-term effects on the UK and shifts in labor demand due to sustainability initiatives may further influence European market dynamics.
Top countries in Repair and Installation of Machinery and Equipment Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.47 | 2023 | +1.32% | +0.1% | View data |
| 2 | 2 France | 15.67 | 2023 | +0.05% | +0.049% | View data |
| 3 | 3 Italy | 8.76 | 2023 | +4.44% | +2.23% | View data |
| 4 | 4 United Kingdom | 8.62 | 2023 | -0.57% | -0.18% | View data |
| 5 | 5 Spain | 6.81 | 2023 | +2.44% | +2.83% | View data |
| 6 | 6 Netherlands | 5.5 | 2023 | +2.09% | +2.08% | View data |
| 7 | 7 Poland | 3.62 | 2023 | +2.25% | +2.39% | View data |
| 8 | 8 Switzerland | 2.9 | 2023 | +2.42% | +4.82% | View data |
| 9 | 9 Austria | 2.78 | 2023 | +2.3% | +2.09% | View data |
| 10 | 10 Belgium | 2.63 | 2023 | +3.72% | +5.12% | View data |
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