The forestry and agricultural machinery sector in Norway is experiencing a steady decline in hours worked. In 2023, the total hours worked stood at 1.7300 million. Forecasts predict a consistent decrease, with hours worked dropping to 1.6983 million in 2024 and further declining to 1.5747 million by 2028. The year-on-year percentage decrease from 2024 to 2028 ranges from approximately -1.8% to -1.9%. The CAGR over this five-year period is around -1.8% annually.
Future trends to watch for include advancements in automation and technological integration which could further reduce labor hours. Additionally, external factors such as climate change policies and shifts in agricultural practices may also impact labor demand in this sector.
