The employment in the manufacture of musical instruments sector in Germany experienced fluctuations from 2013 to 2017, with notable declines in 2014, 2016, and 2017. However, starting from 2018, the sector saw a rebound with steady growth, peaking significantly in 2023 at 7.22 thousand FTE. The year-on-year growth rate from 2022 to 2023 was 3.9%. Over the past five years, the employment rate grew at a Compound Annual Growth Rate (CAGR) of 2.36%.
From 2024 onwards, forecasted figures indicate continued growth, with employment expected to reach 8.54 thousand FTE by 2028, marking a forecasted five-year growth rate of 13.96% and a forecasted five-year CAGR of 2.65%.
Future trends to watch for include advances in music technology, increased demand for high-quality instruments, and the impact of digitalization on traditional manufacturing processes, which may further influence employment rates in this sector.
