In 2023, Germany leads in machinery repair wages and salaries in Europe, standing at €2.56 billion, while France and the UK follow at €1.47 billion and €1.28 billion, respectively. Spain shows notable growth with a 3.41% increase, and Eastern European countries like Romania (10.79%) and Hungary (6.38%) exhibit significant year-on-year increases. Conversely, countries like Belgium and Iceland have faced declines.
For 2024 and beyond, trends to watch in European machinery repair wages and salaries include:
- The continued growth of Eastern European markets such as Romania and Lithuania, driven by industrial expansion and increased demand for skilled labor.
- Potential recovery in countries with negative trends like Belgium and Iceland, contingent on economic revitalization and technological advancements.
- Impact of technological innovations, such as automation and AI, potentially reshaping wage structures and market dynamics across Europe.
Top countries in Machinery Repair Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,560 | 2023 | +2.65% | +1.7% | View data |
| 2 | 2 France | 1,470 | 2023 | +1.84% | +1.85% | View data |
| 3 | 3 United Kingdom | 1,280 | 2023 | +0.77% | +1.77% | View data |
| 4 | 4 Spain | 1,230 | 2023 | +2.51% | +3.41% | View data |
| 5 | 5 Italy | 1,200 | 2023 | +0.59% | +1.1% | View data |
| 6 | 6 Poland | 512.2 | 2023 | +2.32% | +2.95% | View data |
| 7 | 7 Norway | 406.2 | 2023 | +0.52% | +0.089% | View data |
| 8 | 8 Finland | 336.5 | 2023 | +3.6% | -0.018% | View data |
| 9 | 9 Sweden | 323.4 | 2023 | +0.12% | +0.68% | View data |
| 10 | 10 Czech Republic | 279.3 | 2023 | +1.56% | +1.36% | View data |
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