In 2023, the employment in the Installation of Industrial Machinery and Equipment sector in Belgium stood at 11.02 thousand Full-Time Equivalents (FTEs). Based on the data, employment in this sector is forecasted to grow consistently from 2024 to 2028, increasing from 11.51 thousand FTEs in 2024 to 13.71 thousand FTEs in 2028.

Year-on-year, the sector is expected to experience an increase of 4.78% in 2024, 4.78% in 2025, 4.65% in 2026, 4.36% in 2027, and 4.10% in 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 4.53%.

Future Trends to Watch For:

Technological advancements driving the need for more specialized installation skills.
Potential growth in green and sustainable industrial machinery boosting employment.
Economic conditions impacting capital investments in industrial equipment.