In the German manufacture of fluid power equipment sector, the number of employees stood at approximately 59.76 thousand in 2023. Forecast data from 2024 to 2028 shows a consistent upward trend in employment numbers, with an annual increase averaging at approximately 1.9% per year, projected to reach 65.83 thousand by 2028. From 2023 to 2024, there is an anticipated rise of 2.05%.
Future trends to watch for include:
- Technological advancements leading to increased automation could impact employment numbers.
- The potential for market expansion due to sustainable energy initiatives may drive workforce demand.
- Global economic conditions and supply chain dynamics could influence sector employment significantly.