The employment in the Manufacture of Electrical Equipment sector in France exhibited a fluctuating trend between 2013 and 2023. The sector saw significant declines between 2013 and 2016, reaching its lowest point in 2016. However, 2017 marked a turning point with a substantial year-on-year increase of 9.55%. Since 2018, the sector has encountered relatively stable yet modest changes, closing 2023 with a value of 110.02 thousand full-time equivalents, marking a 0.33% increase from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years stands at 0.51%, reflecting a steady recovery post-2016.
Looking ahead, the forecast projects a gradual increase in employment, reaching 111.79 thousand by 2028. However, the average annual growth rate over the forecast period is expected to be a modest 0.25%, equating to an overall 5-year growth rate of 1.28%.
Future trends to watch for include the impact of technological advancements, such as automation and digitalization, on employment dynamics, as well as economic and policy changes within the European Union that may influence the sector's growth trajectory. Monitoring these factors will be crucial for adapting to and capitalizing on emerging opportunities within the sector.
