The installation of industrial machinery and equipment wages and salaries in France was valued at 2.45 Billion Euros in 2023. Over the last two years, the sector has seen a year-on-year decline of 1.16% in 2022 and 1.16% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years was -3.7%, indicating a declining trend in the sector.
Looking at the forecast data, there is a projected steady decline in value through 2028, with an average annual decrease (CAGR) of -0.9% and a forecasted growth rate of -4.42% over the next five years.
Future trends to watch for include the impact of automation and digital technology on labor costs, potential changes in international trade policies, and shifts in the global supply chain which could impact demand for industrial machinery and equipment installation in France.
