In France, the labour cost per employee full-time equivalent (FTE) in the industrial cooling and ventilation equipment sector begins its forecast in 2024 at 73.8 thousand Euros. This figure is expected to rise annually, reaching 79.4 thousand Euros by 2028. The projected year-on-year increases from 2024 through to 2028 suggest a steady annual growth rate, providing a compounded annual growth rate (CAGR) of around 1.8% in these upcoming years, depicting moderate growth compared to historical trends.
Future trends to watch for include potential impacts of automation and technological advancements, which could moderate the rise in labor costs, and the influence of regulatory changes that may affect production costs and labor demands within the industry.
