In 2023, Germany dominated in hours worked within the European electrical equipment and electronics industry, followed by Poland and Italy. Germany experienced a slight decline of 0.9%, while Poland saw a modest increase of 1.26%. Italy faced a significant downturn of 2.1%. Smaller markets like Greece, Ireland, and Bosnia and Herzegovina showed strong growth with increases of 2.68%, 4.52%, and 3.55% respectively. Overall, the combined effects of slight positive and negative variations depict a mixed landscape for the industry across Europe.
Future trends to watch include technological advancements, digital transformation, and sustainability efforts which may drive growth in certain countries. Additionally, Eastern European countries could continue to rise by capitalizing on lower labor costs and skilled workforce availability. The evolving geopolitical and economic landscape will also play a crucial role in shaping these trends.
Top countries in Electrical Equipment and Electronics Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 725,570,000 | 2023 | -0.14% | -0.9% | View data |
| 2 | 2 Poland | 215,770,000 | 2023 | +2.04% | +1.26% | View data |
| 3 | 3 Italy | 204,410,000 | 2023 | -2.24% | -2.1% | View data |
| 4 | 4 Czech Republic | 170,760,000 | 2023 | +1.34% | +0.8% | View data |
| 5 | 5 United Kingdom | 142,490,000 | 2023 | -1.03% | -0.84% | View data |
| 6 | 6 Spain | 99,025,000 | 2023 | -2.75% | -3.5% | View data |
| 7 | 7 Hungary | 95,521,000 | 2023 | +1.1% | -0.006% | View data |
| 8 | 8 Romania | 90,049,000 | 2023 | +0.58% | -0.16% | View data |
| 9 | 9 Austria | 76,400,000 | 2023 | +0.23% | -0.58% | View data |
| 10 | 10 Slovakia | 58,453,000 | 2023 | +3.9% | +0.085% | View data |
