The European Electrical and Electronic Equipment sector for Motor Vehicles demonstrates varying wage and salary trends across countries. In 2023, Germany remains a leader with a decline of 1.48%, while Romania experiences a growth of 2.48%. Italy and Serbia show moderate growth of 1.79% and 11.07% respectively. Poland and Hungary exhibit steady growth rates, alongside significant increases in Spain (13.61%) and Bulgaria (13.3%). France and Lithuania lead with substantial surges of 20.49% and 22.14%. Meanwhile, the UK and Sweden see declines of -9.23% and -7.04%, respectively. Finland also shows a decline at -7.79%.
For future trends, watch for:
- Continued wage growth in Eastern European countries driven by sector investment and expansion.
- Potential stabilization or declines in Western Europe as the market matures and labor costs are optimized.
- Impact of technological advancements on job roles, potentially altering salaries in technologically progressive regions like France and Lithuania.
- Economic and policy changes in the UK potentially affecting salary trends post-2023.
Top countries in Electrical and Electronic Equipment for Motor Vehicles Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,350 | 2023 | +3.7% | -1.48% | View data |
| 2 | 2 Romania | 1,220 | 2023 | +6.59% | +2.48% | View data |
| 3 | 3 Italy | 479.6 | 2023 | +2.72% | +1.79% | View data |
| 4 | 4 Serbia | 425.3 | 2023 | +7.89% | +11.07% | View data |
| 5 | 5 Poland | 378.1 | 2023 | +3.26% | +3.82% | View data |
| 6 | 6 Spain | 368.7 | 2023 | -0.14% | +13.61% | View data |
| 7 | 7 Hungary | 368.3 | 2023 | +4.28% | +3.97% | View data |
| 8 | 8 Czech Republic | 239.4 | 2023 | +6.26% | +3.33% | View data |
| 9 | 9 France | 234.4 | 2023 | -6.01% | +20.49% | View data |
| 10 | 10 Bulgaria | 205.6 | 2023 | +10.24% | +13.3% | View data |
