In 2023, the actual hours worked in the electronic components and boards sector in Germany stood at approximately 133.20 million hours. The forecasted data shows a consistent increase in hours worked from 2024 to 2028, indicating a stable growth trend.
The year-on-year growth rate from 2024 to 2025 is about 1.44%, from 2025 to 2026 about 1.40%, from 2026 to 2027 about 1.37%, and from 2027 to 2028, approximately 1.33%. Over the forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated at approximately 1.39%.
Future trends to watch for include technological advancements, increasing demand for electronic components in various industries, and potential labor force changes due to automation and demographics, which could impact hours worked in this sector.
