The forecasted hours worked in Germany’s electrical equipment and electronics sector show a steady year-on-year decrease from 2024 to 2028. In 2023, the hours stood at approximately 725 million, indicating a slight decline each subsequent year. The compounded annual growth rate (CAGR) over the five-year period highlights a gradual reduction, consistent with the historical trend.

Key future trends to watch include:

Continued technological advancements potentially reducing manual labor.
Increasing automation and digitalization potentially leading to efficiency gains.
Economic factors affecting production demand, such as shifts in global supply chains.
Regulatory changes in environmental and labor laws potentially influencing hours worked.