In 2023, Denmark led the European metal forming machinery sector with the highest labor cost per employee FTE at 93.6 thousand euros, followed by Belgium, Austria, and Sweden. Southern and Eastern European countries like Greece and Bulgaria reported significantly lower costs, reflecting wage disparities across Europe. Despite its economic stature, Germany's cost remained relatively high but below the top ranking countries. Year-on-year variations remained stable with minor fluctuations; historical data suggest stable growth in labor costs over the past five years.
Future trends to watch include potential labor cost increases due to rising demand for skilled employees and automation advances in metal forming machinery, as well as the economic and regulatory environments across European countries influencing labor cost dynamics.
Top countries in Metal Forming Machinery Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Denmark | 93.6 | 2023 | View data |
| 2 | 2 Belgium | 77.6 | 2023 | View data |
| 3 | 3 Austria | 74.8 | 2023 | View data |
| 4 | 4 Sweden | 72.9 | 2023 | View data |
| 5 | 5 Germany | 71.4 | 2023 | View data |
| 6 | 6 Norway | 68.4 | 2023 | View data |
| 7 | 7 Finland | 68.2 | 2023 | View data |
| 8 | 8 France | 63.7 | 2023 | View data |
| 9 | 9 Italy | 63.5 | 2023 | View data |
| 10 | 10 Spain | 50.1 | 2023 | View data |
