Forecast: Employment in Manufacture of Motor Vehicles Sector in Spain

The employment forecast for the manufacture of motor vehicles sector in Spain indicates a steady upward trajectory. From a value of 71.74 thousand full-time equivalents (FTEs) in 2024, employment is expected to increase by approximately 1.28% year-on-year to 72.66 thousand FTEs in 2025. Subsequently, the growth trend continues, showing an increase of 1.25% in 2026, 1.22% in 2027, and reaching 75.37 thousand FTEs in 2028, marking an annual growth rate of about 1.18%. As of 2023, the sector employed 70.83 thousand FTEs, reflecting a consistent upward trend with a compound annual growth rate (CAGR) of approximately 1.26% over the five-year period from 2024 to 2028.

Future trends to watch for in this sector include:

- Technological advancements in electric and autonomous vehicle manufacturing.- Potential impacts of governmental policies on emissions and digital transformation.- Market demand shifts influenced by consumer preferences for environmentally friendly vehicles.- The influence of global supply chain dynamics and the integration of Industry 4.0 technologies.