In 2024, the employment in the manufacture of fluid power equipment sector in Belgium is forecasted to be 334 Full-Time Equivalents (FTEs). This represents a notable decrease from the actual value of 346 FTEs in 2023.
The year-on-year variation shows a consistent decline in employment: -2.69% in 2025, -2.77% in 2026, -2.85% in 2027, and -2.93% in 2028. Over the last two years, the sector has experienced an accelerated contraction at an average annual rate of approximately -2.81%. The Compound Annual Growth Rate (CAGR) over the entire five-year forecast period from 2024 to 2028 is also -2.81%, highlighting a persistent downward trend.
Future Trends to Watch for:
- Automation and technological advancements may continue to reduce the need for human labor.
- Potential policy changes or investments in sustainable technologies could alter employment figures.
- Global economic conditions and their impact on manufacturing demand in Belgium.
