The employment in the repair and installation of industrial machinery and equipment in the US is forecasted to remain relatively stable over the upcoming years. After standing at approximately 25.5 thousand units in 2023, the forecasts suggest a stable level of 25 thousand units until 2025, followed by a slight decline to 24 thousand units from 2026 to 2028.

Year-on-year changes indicate stability with no significant fluctuations, highlighting a mature market. Over the five-year period, a subtle negative compound annual growth rate (CAGR) may be expected due to the slight dip after 2025.

Trends to watch for:

Impacts of automation on employment levels, potentially reducing demand for manual repair and installation labor.
Innovations in industrial machinery that may require advanced skill sets.
Macroeconomic factors affecting industrial production levels in the US.