The European Metal Forming Machinery sector's wages and salaries are predominantly dominated by Germany, with a share of €69.79 million, outpacing other countries significantly. Italy and Austria follow, though with a much smaller share of €9.33 million and €4.09 million, respectively. Notable declines occurred in Spain and Belgium, while Poland and Portugal showed substantial increases of 8.9% and 10.78%, respectively. Over the past five years, average growth rates exhibited robust gains, particularly noticeable in smaller Eastern European countries like Lithuania and Croatia.
Future trends to consider include continued wage growth in emerging Eastern European markets as they develop their industrial bases. Germany's dominance is likely to persist; however, fluctuations in global trade conditions and technological advancements might shift focus towards efficiency and automation, influencing wage structures across the region. Monitoring economic policies and labor market standards in each country will be crucial to understanding future wage dynamics in the sector.
Top countries in Metal Forming Machinery Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 69.79 | 2023 | +2.64% | +1.52% | View data |
| 2 | 2 Italy | 9.33 | 2023 | +4.15% | +0.66% | View data |
| 3 | 3 Austria | 4.09 | 2023 | +3.54% | +2.79% | View data |
| 4 | 4 Spain | 3.11 | 2023 | -0.17% | -2.04% | View data |
| 5 | 5 France | 2.68 | 2023 | +3.38% | +1.47% | View data |
| 6 | 6 United Kingdom | 2.65 | 2023 | +0.41% | -0.02% | View data |
| 7 | 7 Czech Republic | 2.25 | 2023 | +7.24% | +3.43% | View data |
| 8 | 8 Sweden | 1.17 | 2023 | +0.23% | +0.78% | View data |
| 9 | 9 Poland | 0.98 | 2023 | +8.81% | +8.9% | View data |
| 10 | 10 Belgium | 0.72 | 2023 | +0.37% | -0.26% | View data |
