The data reveals that France leads in the European output for the repair and installation of machinery and equipment, followed by Germany, and Spain. Forecasts indicate that in 2024, all countries will see steady growth with Estonia showing exceptional annual increase of over 16% in 2023. The compound annual growth rate for the past five years reflects a robust upward trend in most countries, especially in the Netherlands and Germany.
Future trends to watch in this sector include technological advancements in machinery, heightened focus on sustainable practices, and increased investment in automation. These factors could influence the competitive dynamics among European countries.
Top countries in Output of Repair and Installation of Machinery and Equipment by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 63,590 | 2023 | +1.95% | +1.64% | View data |
| 2 | 2 Germany | 46,870 | 2023 | +1.8% | +2.5% | View data |
| 3 | 3 Spain | 14,220 | 2023 | +1.98% | +1.2% | View data |
| 4 | 4 Netherlands | 12,250 | 2023 | +2.02% | +2.8% | View data |
| 5 | 5 Finland | 3,870 | 2023 | +2.19% | +2.2% | View data |
| 6 | 6 Portugal | 2,280 | 2023 | +1.15% | +1.66% | View data |
| 7 | 7 Estonia | 1,150 | 2023 | +21.2% | +16.02% | View data |
| 8 | 8 Slovenia | 895.74 | 2023 | +7.13% | +0.59% | View data |
| 9 | 9 Greece | 673.36 | 2023 | -1.81% | +1.01% | View data |
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