In 2023, France led European wages in the repair and installation of industrial machinery and equipment with €35.13 million, followed by Germany at €29.64 million. Italy and Spain were nearly equivalent at around €9.3 million each. Notably, France and Germany witnessed growth rates of 1.85% and 2.09%, respectively. Austria experienced a significant increase of 2.78%, while Belgium saw the largest growth at 4.72%. Over the last five years, the average annual growth revealed promising prospects for further development, particularly in Belgium and Slovenia with notable trends.
Future trends to watch include:
- Potential continued growth in Belgium, driven by its recent high growth rate.
- Monitoring industrial machinery investments in emerging markets within Europe.
- Technological advancements potentially fueling further increases in wages.
- Policy changes and economic conditions impacting regional salary structures.
Top countries in Wages and Salaries in Repair and Installation of Industrial Machinery and Industrial Equipment Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 35.13 | 2023 | +1.48% | +1.85% | View data |
| 2 | 2 Germany | 29.64 | 2023 | +1.48% | +2.09% | View data |
| 3 | 3 Italy | 9.33 | 2023 | +1.53% | +2.64% | View data |
| 4 | 4 Spain | 9.3 | 2023 | +2.43% | +2.27% | View data |
| 5 | 5 Netherlands | 4.98 | 2023 | +1.99% | +1.84% | View data |
| 6 | 6 Austria | 3.85 | 2023 | +2.21% | +2.78% | View data |
| 7 | 7 Belgium | 3.38 | 2023 | +3.22% | +4.72% | View data |
| 8 | 8 Finland | 2.27 | 2023 | +1.48% | +1.1% | View data |
| 9 | 9 Slovenia | 0.75 | 2023 | +3.4% | +3.43% | View data |
| 10 | 10 Slovakia | 0.63 | 2023 | +1.56% | +1.51% | View data |
