The employment in the manufacture of motorcycles sector in France showed significant fluctuations over the past decade. Employment peaked at 1.52 thousand full-time equivalents in 2014 but experienced a substantial decline thereafter. However, from 2019 onwards, the sector saw a recovery with employment reaching 1.44 thousand in 2023. Despite minor declines in 2021, 2022, and 2023, the compound annual growth rate (CAGR) from 2019 to 2023 was a positive 4.79%.
Future projections indicate a slight decline, with the forecasted CAGR at -0.18% from 2023 to 2028, suggesting a relatively stable yet mildly contracting market.
Future trends to watch for:
- Impact of technological advancements and automation on employment levels.
- Adoption rate of electric motorcycles and its effect on manufacturing jobs.
- Government policies and subsidies on green transportation initiatives.
- Global economic factors influencing the motorcycle market demand and production rates.