In 2023, the number of persons employed in Germany's rubber tyres and tubes sector stood at approximately 25.25 thousand. Forecast data from 2024 to 2028 suggests a steady, albeit modest, increase in employment, reaching 25.4 thousand by 2028. Year-on-year, this indicates a less than 0.2% increment annually, with a compound annual growth rate (CAGR) of around 0.12%.
Future trends to watch:
- The impact of technological advancements and automation on employment levels.
- Potential environmental regulations influencing the demand for environmentally friendly tyres.
- The influence of global supply chain disruptions and raw material availability.