The employment in the electric lighting equipment sector in Germany has experienced a downward trend since 2013. As of 2023, the number of persons employed stands at 21.4 thousand. The year-on-year decrease for the past two years has been notable, with a 9.58% reduction from 2022 to 2023 and an 8.82% reduction from 2021 to 2022. The compound annual growth rate (CAGR) over the last five years (2019-2023) averages at -8.02%, indicating a consistent decline in the workforce.
Looking forward, forecast data from 2024 to 2028 suggest an accelerating decline. The forecasted 5-year CAGR is -11.51%, and the employment rate is expected to decline by 45.73% over this period. By 2028, the sector's employment is predicted to fall to 10.39 thousand.
Future trends to watch for include advancements in automation and artificial intelligence, which may further reduce the need for manual labor. Additionally, shifts in global supply chains and increased competition from emerging markets could impact employment figures. Policymakers and industry stakeholders should also monitor regulatory changes and innovations in sustainable lighting solutions.
