From 2013 to 2023, employment in the manufacture of agricultural and forestry machinery sector in Sweden shows a general decline from 4.29 thousand FTE to 3.71 thousand FTE. The sector experienced diverse year-on-year variations, including significant decreases in 2015 (-14.15%) and 2014 (-7.43%), moderate to negligible changes from 2016 onward, and slight upticks in 2018 (11.16%) and 2020 (4.11%). As of 2023, the employment stands at 3.71 thousand FTE, showing a year-on-year decrease of 1.46%. The 5-year CAGR leading up to 2023 shows an almost flat growth at 0.076%. Forecasts from 2024 onwards suggest a continued gradual decrease, with a projected employment of 3.44 thousand FTE by 2028 and forecasted 5-year CAGR of -1.2%.
Future trends to watch for:
Technological advancements and automation may further influence employment trends. Market consolidation and increased focus on sustainability could shift the employment landscape. Monitoring the impact of global trade policies and agricultural demand will be crucial for future forecasts.
