In 2023, the number of employees in the manufacture of motor vehicles sector in Germany stood at approximately 596.02 thousand. The forecast from 2024 to 2028 shows a consistent upward trend with moderate annual growth. With the number of employees expected to rise steadily from 603.58 thousand in 2024 to 633.42 thousand by 2028, the Compound Annual Growth Rate (CAGR) over these five years is projected to be around 1.2%.
Future trends to watch for:
- The transition to electric vehicles and its impact on employment patterns in manufacturing.
- Effects of technological advancements like automation and AI on workforce requirements.
- Potential policy changes and their influence on employment dynamics within the automotive sector.