The European installation of industrial machinery and equipment sector shows marked disparities in wages and salaries shares across countries. Germany is the leader, accounting for a significant portion of the wages at 34.9 million euros, with a marginal year-on-year growth of 1.32% in 2023. France and Italy also hold substantial shares, though France experienced a decline of 3.7% last year. Notably, Croatia and Lithuania saw impressive increases of 33.11% and 30.95%, respectively, indicating rapidly growing markets. Meanwhile, Norway and Cyprus faced declines, with Norway dropping by 8.15%.
Predicted trends suggest potential wage share increases in emerging markets in Eastern Europe, with countries like Romania and the Baltic states showing positive momentum. Germany is expected to maintain dominance, though the sector may observe shifts as smaller countries expand their capacities and investments in industrial machinery installations rise as part of broader economic growth strategies within the European Union.
Top countries in Installation of Industrial Machinery and Equipment Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 34.9 | 2023 | +2.17% | +1.32% | View data |
| 2 | 2 France | 17.01 | 2023 | -1.16% | -3.7% | View data |
| 3 | 3 Italy | 8.52 | 2023 | +3.28% | +1.42% | View data |
| 4 | 4 United Kingdom | 5.5 | 2023 | +0.14% | +0.75% | View data |
| 5 | 5 Austria | 5.32 | 2023 | +0.47% | +1.09% | View data |
| 6 | 6 Netherlands | 4.97 | 2023 | +3.3% | +3.24% | View data |
| 7 | 7 Belgium | 4.56 | 2023 | +8.85% | +7.97% | View data |
| 8 | 8 Spain | 3.57 | 2023 | +0.78% | +0.5% | View data |
| 9 | 9 Poland | 3.2 | 2023 | +4.12% | +3.49% | View data |
| 10 | 10 Czech Republic | 1.76 | 2023 | +0.88% | +1.14% | View data |
