In 2023, European fluid power equipment wages and salaries showed significant variation by country. Germany led the market with €3.94 billion, followed by Italy and the UK. Notably, Poland saw the highest year-on-year growth at 12.9%, while Sweden and Slovenia also displayed robust increases. In contrast, the UK and France experienced declines in the same period.
Future trends to watch include the potential for continued growth in Eastern European countries as they modernize and expand their industrial capabilities. Meanwhile, Western European nations may face challenges from economic fluctuations and labor cost increases.
Top countries in Fluid Power Equipment Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,940 | 2023 | +10.82% | +4.97% | View data |
| 2 | 2 Italy | 736 | 2023 | +2.51% | +2.89% | View data |
| 3 | 3 United Kingdom | 211.4 | 2023 | -0.84% | -0.42% | View data |
| 4 | 4 Sweden | 208.1 | 2023 | +2.41% | +7.63% | View data |
| 5 | 5 France | 202.8 | 2023 | -2.45% | -3.1% | View data |
| 6 | 6 Austria | 109.3 | 2023 | +5.71% | +1.29% | View data |
| 7 | 7 Spain | 106.8 | 2023 | +3.19% | +2.61% | View data |
| 8 | 8 Poland | 104.2 | 2023 | +9% | +12.9% | View data |
| 9 | 9 Czech Republic | 81 | 2023 | +2.02% | +0.12% | View data |
| 10 | 10 Bulgaria | 62.2 | 2023 | +5.07% | +2.49% | View data |
