In 2023, the number of employees in Japan's Fabricated Metal Products Manufacturing sector stood at 720.0 thousand persons. Over the forecast period from 2024 to 2028, a noticeable downward trend emerges. The sector is expected to see a year-on-year decline, with a decrease of about 2.92% when analyzing from 2023, and average decrease per year noted through the Compound Annual Growth Rate (CAGR), suggesting a steady contraction in the workforce at approximately 0.62% annually.
Future trends to watch for include:
- Automation: Increased integration of robotics and AI could further affect employment levels.
- Global competition: The sector might face pressure from globalization, necessitating innovation and efficiency improvements.
- Demographic shifts: Aging workforce and declining working-age population could impact labor availability and industry dynamics.
