Between 2014 to 2023, employment in Spain's rail transportation sector has shown fluctuations, peaking in 2019 at 15.54 thousand before declining. In 2023, the employment stood at 14.52 thousand, noting a -2.23% year-on-year decrease from 2022. The 5-year CAGR from 2014 to 2019 indicated a positive trend at 1.08%, shifting to a negative trend with a -1.15% CAGR from 2018 to 2023.
The forecast from 2024 to 2028 suggests a continuing decline in employment, with a projected 5-year CAGR of -1.87% and an overall estimated decrease of 9.01% by 2028. Thus, the sector is expected to shrink further over the upcoming years.
Future trends to watch:
- Technological advancements and automation potentially leading to workforce reductions.
- The impact of regulatory changes and environmental policies promoting public transport.
- Adaptation to evolving logistics and consumer demands influencing employment needs.