In 2023, Germany dominated with the highest turnover value in European repair and installation of machinery and equipment, followed by France and the United Kingdom. Poland, Belgium, and Austria experienced significant growth, with Belgium witnessing a standout increase of 6.33%. Estonia marked the most significant year-on-year rise at 14.22%, while Luxembourg faced a substantial decrease of 14.22%.
Looking ahead, the European machinery repair and installation sector is likely to see a shift driven by technological advancements and sustainability trends. Countries focusing on innovation and green technologies may outperform, with Eastern Europe showing potential for further growth due to continued industrial expansion.
Top countries in Repair and Installation of Machinery and Equipment Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 49,270 | 2023 | +4.56% | +1.46% | View data |
| 2 | 2 France | 30,930 | 2023 | -0.15% | +0.35% | View data |
| 3 | 3 United Kingdom | 19,950 | 2023 | +0.33% | +0.58% | View data |
| 4 | 4 Italy | 16,100 | 2023 | +0.81% | -2.44% | View data |
| 5 | 5 Netherlands | 13,080 | 2023 | +2.01% | +1.37% | View data |
| 6 | 6 Spain | 10,270 | 2023 | +2.01% | +1.14% | View data |
| 7 | 7 Poland | 10,080 | 2023 | +3.08% | +3.71% | View data |
| 8 | 8 Belgium | 6,620 | 2023 | +4.1% | +6.33% | View data |
| 9 | 9 Czech Republic | 6,060 | 2023 | +3.54% | +2.12% | View data |
| 10 | 10 Austria | 5,620 | 2023 | +6.04% | +4.17% | View data |
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