In 2023, France led the European Rubber Tyres and Tubes industry in terms of wages and salaries at 28.37 million euros, showing a significant year-on-year increase of 3.71%. Germany followed closely with slight growth, while Italy and other countries like Poland, Romania, and Slovakia demonstrated noticeable positive changes. On the other hand, countries such as Spain, the United Kingdom, and Sweden witnessed declines, with Bulgaria seeing a major downturn of 100%.
For future trends, the focus should be on:
- Monitoring economic conditions and labor costs in leading countries like France and Germany to predict monetary policies or labor-related changes.
- Analyzing demographic shifts and urbanization patterns that could influence labor availability and costs in emerging markets like Poland and Romania.
- Evaluating the impact of technological advancements and automation in manufacturing processes across Europe, potentially leading to shifts in labor demand.
Top countries in Rubber Tyres and Tubes Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 28.37 | 2023 | +28.14% | +3.71% | View data |
| 2 | 2 Germany | 27.85 | 2023 | +1.96% | +0.097% | View data |
| 3 | 3 Italy | 9.16 | 2023 | +6.19% | +0.67% | View data |
| 4 | 4 Spain | 7.87 | 2023 | -0.14% | -1.52% | View data |
| 5 | 5 Poland | 5.09 | 2023 | +5.6% | +5.7% | View data |
| 6 | 6 Romania | 4.66 | 2023 | +7.29% | +7.78% | View data |
| 7 | 7 United Kingdom | 4.03 | 2023 | -2.01% | -0.52% | View data |
| 8 | 8 Czech Republic | 3.83 | 2023 | +3.34% | +3.05% | View data |
| 9 | 9 Hungary | 2.73 | 2023 | +4.67% | +4.61% | View data |
| 10 | 10 Slovakia | 2.5 | 2023 | +4.46% | +5.1% | View data |
