In 2023, France leads in the European value-added sector for the repair and installation of machinery and equipment with 24.84 billion euros. Germany follows with 17.43 billion euros, while the Netherlands stands at 4.02 billion euros. Finland, Portugal, Slovenia, Greece, and Cyprus follow in descending order. Over the past two years, Cyprus experienced the highest year-on-year increase at 8.05%, while Greece saw the lowest at 0.59%. The sector shows varied growth rates, with Portugal achieving a significant 4.18% increase.
Looking ahead, technological advancements and increased demand for industrial efficiency will likely drive growth. Countries focused on innovation and sustainable practices may experience higher value-added growth in the machinery and equipment repair sector.
Top countries in Value Added of Repair and Installation of Machinery and Equipment by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 24,840 | 2023 | +3.77% | +1.24% | View data |
| 2 | 2 Germany | 17,430 | 2023 | +1.39% | +2.99% | View data |
| 3 | 3 Netherlands | 4,020 | 2023 | +1.59% | +1.08% | View data |
| 4 | 4 Finland | 1,730 | 2023 | +2% | +2.06% | View data |
| 5 | 5 Portugal | 1,050 | 2023 | +2.65% | +4.18% | View data |
| 6 | 6 Slovenia | 453.45 | 2023 | +6.72% | +2.11% | View data |
| 7 | 7 Greece | 376.44 | 2023 | -2.34% | +0.59% | View data |
| 8 | 8 Cyprus | 156.82 | 2023 | +12.4% | +8.05% | View data |
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