The installation of industrial machinery and equipment wages and salaries in Germany has shown a steady increase since 2013, starting at 3.85 billion euros and reaching 5.02 billion euros by 2023. Over this period, there have been fluctuations in year-on-year variations, with a notable spike in 2018 at 14.95%, followed by a few years of moderate growth. From 2020 onwards, the growth has stabilized with a consistent upward trend. In 2023, the value stood at 5.02 billion euros, marking a year-on-year increase of 2.17%. The compound annual growth rate (CAGR) over the last five years stands at 1.32%.
Looking ahead, the forecast indicates a continued upward trajectory, with salaries expected to reach 5.53 billion euros by 2028. This represents a forecasted five-year growth rate of 7.91% and a forecasted five-year CAGR of 1.53%.
Future trends to watch for include technological advancements in industrial machinery and potential economic fluctuations that could impact overall wage growth in the industry. Additionally, shifts in labor markets and policy changes may also influence future salary trends.
