Analysis of the forecast for the number of persons employed in the fiber cement industry in Germany shows a consistent decline from 2024 to 2028. In 2023, the industry employed 1,020 individuals. This forecasted trajectory reveals a notable decrease in employment with a compounded annual growth rate (CAGR) reflecting substantial contraction. Year-on-year variations also emphasize the shrinking workforce, which is expected to decline by approximately 10-20% each year between 2024 and 2028.
Future trends to watch for include:
- Technological advancements and automation potentially further reducing labor demand.
- Economic conditions influencing construction activity and material demand impacting employment figures.
- Policy shifts towards sustainable materials potentially affecting fiber cement's market position.