In 2023, Germany led the category with €44.37 million, followed by France and Italy with €18.15 million and €13.18 million, respectively. Croatia experienced the highest year-on-year growth at 29.73%, highlighting its expanding market share. Notable growth was also seen in Lithuania at 9.86% and Bosnia and Herzegovina at 7.86%. Conversely, Finland and Sweden faced declines of -2.92% and -0.21%, respectively. Germany showed steady progress with a marginal increase of 1.32%, while France displayed a considerable rise of 3.16% over 2023. These figures indicate varied growth across major and emerging markets.
Key future trends to watch include:
- Potential market expansion in Central and Eastern Europe as countries like Croatia and Lithuania display notable growth.
- Continuous market shifts within Western Europe, with a focus on innovation to sustain Germany's leading position.
- Monitoring economic conditions that might influence wage and salary structures in smaller markets.
Top countries in Fasteners and Screw Machine Products Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 44.37 | 2023 | +2.13% | +1.32% | View data |
| 2 | 2 France | 18.15 | 2023 | +7.15% | +3.16% | View data |
| 3 | 3 Italy | 13.18 | 2023 | +1.65% | +0.48% | View data |
| 4 | 4 United Kingdom | 7.85 | 2023 | +1.41% | +2.39% | View data |
| 5 | 5 Spain | 4.6 | 2023 | +3.26% | +2.43% | View data |
| 6 | 6 Poland | 3.2 | 2023 | +2.72% | +0.67% | View data |
| 7 | 7 Czech Republic | 2.33 | 2023 | +1.94% | +1.34% | View data |
| 8 | 8 Croatia | 1.96 | 2023 | +14.93% | +29.73% | View data |
| 9 | 9 Sweden | 1.51 | 2023 | +0.54% | -0.21% | View data |
| 10 | 10 Belgium | 0.8 | 2023 | +5.88% | +2.62% | View data |
