In 2023, the textile, apparel, and leather machinery sector in Germany saw a recorded 30.17 million hours worked. Forecast data from 2024 to 2028 indicates a steady annual decline in hours worked, with values decreasing from 29.94 million hours in 2024 to 29.03 million hours by 2028. This represents a compound annual growth rate (CAGR) of approximately -0.78% over the forecast period. Year-on-year declines are forecasted at approximately 0.77% for 2025, 0.77% for 2026, 0.76% for 2027, and 0.76% for 2028.
Trends to watch:
- The ongoing shift towards automation and advanced manufacturing techniques which could impact labor hours.
- Potential policy changes within the EU that could influence labor regulations and industry standards.
- Global market demand fluctuations due to economic conditions that might alter production schedules and labor needs.