In 2023, Germany dominates the European transport equipment wage sector, holding a substantial lead with 64.87 million euros. Other significant contributors include France, Italy, and Spain, with 10.65, 8.51, and 6.91 million euros, respectively. Slovakia shows remarkable growth at 4.49%, while Ireland declines by 6.91%. Over five years, the compound annual growth rate (CAGR) highlights Slovakia's progress.
Future trends to watch include Germany's maintaining dominance, with potential growth or foothold gains in emerging Eastern European countries like Slovakia, driven by competitive labor costs and increasing industry investments. Monitoring technological advancements will be crucial to understanding the wage landscape dynamics.
Top countries in Wages and Salaries in Transport Equipment Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 64.87 | 2023 | +2.18% | +2.42% | View data |
| 2 | 2 France | 10.65 | 2023 | +1.19% | +1.47% | View data |
| 3 | 3 Italy | 8.51 | 2023 | +1.32% | +1.36% | View data |
| 4 | 4 Spain | 6.91 | 2023 | +1.22% | +1.09% | View data |
| 5 | 5 Austria | 2.42 | 2023 | +2.52% | +1.87% | View data |
| 6 | 6 Netherlands | 1.9 | 2023 | +1.92% | +1.63% | View data |
| 7 | 7 Slovakia | 1.73 | 2023 | +4.07% | +4.49% | View data |
| 8 | 8 Belgium | 1.63 | 2023 | -0.24% | -0.31% | View data |
| 9 | 9 Finland | 0.62 | 2023 | +1.3% | +1.09% | View data |
| 10 | 10 Slovenia | 0.36 | 2023 | +2.61% | +2.26% | View data |
