In 2023, France led European production in the repair and installation of industrial machinery, valued at 35.84 million euros, followed by Germany at 25.49 million euros, and Italy at 11.82 million euros. Spain, the Netherlands, and Belgium also showcase significant shares, each exceeding two million euros.
Year-on-year statistics from 2023 illustrate noticeable growth, with Belgium experiencing the most significant rise at 4.94%, followed by Austria at 3.07%, and Ireland at 3.31%. Luxembourg is the only country that reported a decrease, noted at -1.27%.
Future Trends to Watch:
- Technological Advancements: Growth in automation, AI, and IoT within the industrial sector.
- Sustainability: Increasing demand for eco-friendly repair and installation solutions.
- Investments: Potential EU funding towards upgrading industrial capabilities across member states.
- Regional Shifts: Eastern European countries may capture increased market shares due to competitive labor costs.
- Global Supply Chain Dynamics: Impact of geopolitical factors on European industrial sectors.
Top countries in Production of Repair and Installation of Industrial Machinery and Industrial Equipment Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 35.84 | 2023 | +1.8% | +2.21% | View data |
| 2 | 2 Germany | 25.49 | 2023 | +1.51% | +2.33% | View data |
| 3 | 3 Italy | 11.82 | 2023 | +0.84% | +1.47% | View data |
| 4 | 4 Spain | 8.68 | 2023 | +2.63% | +2.59% | View data |
| 5 | 5 Netherlands | 6.37 | 2023 | +2.1% | +1.74% | View data |
| 6 | 6 Belgium | 3.86 | 2023 | +3.49% | +4.94% | View data |
| 7 | 7 Austria | 3.84 | 2023 | +2.21% | +3.07% | View data |
| 8 | 8 Finland | 2.07 | 2023 | +1.73% | +1.67% | View data |
| 9 | 9 Ireland | 0.65 | 2023 | +2.73% | +3.31% | View data |
| 10 | 10 Slovenia | 0.55 | 2023 | +3.26% | +2.94% | View data |
