The European labour costs in the repair and installation of industrial machinery and equipment are significantly concentrated in Germany, Italy, and Spain, accounting for a substantial share of the market with values of 43.75, 16.06, and 14.21 million euros, respectively. Germany leads with the highest labour cost share, although growth in this sector is more pronounced in Austria and Belgium, reflecting 2023 year-on-year variations of 2.79% and 4.55%. Slovenia, despite representing a minor portion of the total costs, shows notable variability with a 3.44% change. Other countries such as Finland and Slovakia maintain modest increases in their labour costs.
Future trends are likely to emphasize digital transformation and automation, impacting labour demands and potentially restructuring cost distributions across Europe. Additionally, sustainability regulations and innovations might drive changes in resource allocation and necessitate upskilling, creating fluctuations in labour costs.
Top countries in Labour Costs in 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 Germany | 43.75 | 2023 | +1.44% | +2.09% | View data |
| 2 | 2 Italy | 16.06 | 2023 | +1.48% | +2.61% | View data |
| 3 | 3 Spain | 14.21 | 2023 | +2.41% | +2.23% | View data |
| 4 | 4 Netherlands | 8.12 | 2023 | +1.95% | +1.85% | View data |
| 5 | 5 Austria | 5.77 | 2023 | +2.23% | +2.79% | View data |
| 6 | 6 Belgium | 5.48 | 2023 | +3.09% | +4.55% | View data |
| 7 | 7 Finland | 3.41 | 2023 | +1.24% | +0.97% | View data |
| 8 | 8 Slovenia | 1.12 | 2023 | +3.43% | +3.44% | View data |
| 9 | 9 Slovakia | 1.05 | 2023 | +1.67% | +1.6% | View data |
| 10 | 10 Greece | 0.68 | 2023 | +1.54% | +1.92% | View data |
