In 2023, France led European output in the repair and installation of machinery and equipment, representing 1.4% of the total. The Czech Republic and Poland followed at 1%, while countries such as Lithuania, Norway, and Estonia were at 0.9%. Notably, Spain showed notable growth at 3.13%, and Cyprus and Hungary at 3.71%. Conversely, Romania, Greece, and Ireland experienced significant declines of 6.51%, 12.94%, and 12.94% respectively. Long-term trends showed mixed performances, with some countries demonstrating positive growth while others faced contractions.
Future trends to watch:
- Potential for growth in Eastern Europe due to competitive labor costs and increasing industrialization.
- Impact of technological advancements on efficiency and demand for repair and installation services.
- Economic recovery and infrastructure investments could drive growth in Western Europe.
- Policy and regulatory impacts on cross-border services and trade in the sector.
Top countries in Repair and Installation of Machinery and Equipment Output by Country
| # | 10 Countries | Percent of Total | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1.4 | 2023 | 0% | 0% | View data |
| 2 | 2 Czech Republic | 1 | 2023 | 0% | +2.13% | View data |
| 3 | 3 Poland | 1 | 2023 | 0% | 0% | View data |
| 4 | 4 Lithuania | 0.9 | 2023 | 0% | 0% | View data |
| 5 | 5 Norway | 0.9 | 2023 | 0% | +2.38% | View data |
| 6 | 6 Estonia | 0.9 | 2023 | 0% | -3.93% | View data |
| 7 | 7 Slovenia | 0.8 | 2023 | 0% | -4.36% | View data |
| 8 | 8 Croatia | 0.8 | 2023 | 0% | +2.71% | View data |
| 9 | 9 Finland | 0.8 | 2023 | 0% | 0% | View data |
| 10 | 10 Netherlands | 0.7 | 2023 | +16.67% | 0% | View data |
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