In 2023, Germany led the European Repair and Installation of Machinery and Equipment market with an output of 45.92 billion euros, followed by Italy and Spain at 22.48 and 13.09 billion euros respectively. Notable growth was recorded in Belgium at 4.12% and Lithuania at 4.96%, while Spain and Greece saw contractions of 0.45% and 17.37% respectively. These variations reveal a market characterized by both stability and challenges, with Germany at the forefront and smaller nations such as Lithuania showing significant yearly growth. Looking towards 2024, important trends to monitor include:
• Continued growth potential in smaller northern European nations.
• Germany and Italy maintaining dominance but facing increased competition.
• Inflationary pressures and technological advancements shaping output and efficiency.
• Sustainability demands potentially reshaping industry practices and offerings.
Top countries in Repair and Installation of Machinery and Equipment Output by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 45,920 | 2023 | +1.45% | +2.08% | View data |
| 2 | 2 Italy | 22,480 | 2023 | +4.15% | +2.31% | View data |
| 3 | 3 Spain | 13,090 | 2023 | +2.46% | -0.45% | View data |
| 4 | 4 Netherlands | 12,180 | 2023 | -1.1% | +2.69% | View data |
| 5 | 5 Belgium | 6,760 | 2023 | +8.44% | +4.12% | View data |
| 6 | 6 Finland | 4,200 | 2023 | -0.9% | +3.92% | View data |
| 7 | 7 Slovenia | 927 | 2023 | +2.15% | +1.24% | View data |
| 8 | 8 Lithuania | 878.22 | 2023 | +4.02% | +4.96% | View data |
| 9 | 9 Estonia | 640.93 | 2023 | +0.46% | +3.17% | View data |
| 10 | 10 Greece | 301.27 | 2023 | -30.31% | -17.37% | View data |
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