The European treatment and coating of metals industry recorded various trends by country in 2023. Germany held a dominant position with the highest hours worked, although slightly declining by 0.39%. Hungary and Romania were noteworthy for their substantial growth, with increases of 6.11% and 4.76%, respectively. Conversely, Spain experienced a significant contraction of 2.47%. Notably, Bosnia and Herzegovina displayed a remarkable 9.92% rise in hours worked, indicating potential growth opportunities. Meanwhile, mature markets like Italy and the Netherlands saw marginal declines, reflecting market saturation.
Future trends to watch include:
- The potential for growth in Eastern European countries such as Romania and Hungary as they capitalize on competitive labor costs.
- The impact of technological advancements and automation on labor demand in highly developed countries like Germany and Italy.
- Sustainability initiatives and environmental regulations potentially reshaping industry priorities and influencing labor allocation across Europe.
Top countries in Treatment and Coating of Metals Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 129,830,000 | 2023 | +4.9% | -0.39% | View data |
| 2 | 2 Italy | 62,614,000 | 2023 | -1.09% | -0.12% | View data |
| 3 | 3 Poland | 59,186,000 | 2023 | +3.21% | +1.79% | View data |
| 4 | 4 Spain | 25,914,000 | 2023 | -0.5% | -2.47% | View data |
| 5 | 5 Czech Republic | 16,942,000 | 2023 | -1.64% | -3.16% | View data |
| 6 | 6 Netherlands | 12,974,000 | 2023 | +0.081% | -0.96% | View data |
| 7 | 7 Portugal | 10,925,000 | 2023 | +0.76% | +0.59% | View data |
| 8 | 8 Romania | 10,407,000 | 2023 | +3.27% | +4.76% | View data |
| 9 | 9 Slovakia | 10,405,000 | 2023 | +6.75% | +2.87% | View data |
| 10 | 10 Hungary | 9,843,800 | 2023 | +4.72% | +6.11% | View data |
