The number of persons employed in the railway locomotives and rolling stock sector in Belgium has been on a declining trend. In 2023, the employment stood at 462 employees. From 2014 to 2019, the sector witnessed both sharp declines and brief recoveries, with a notable drop of 16.01% in 2018 followed by a rise of 16.95% in 2019. Over the last two years, the decline was more moderate with decreases of 3.43% in 2022 and 3.35% in 2023. The compound annual growth rate (CAGR) over the last five years showed a relatively stable situation with a small reduction of 0.43% per year.
Future trends to watch for include the projected continued decline with a forecasted 5-year growth rate of -15.32% and a CAGR of -3.27%. This reflects ongoing changes within the industry, potentially driven by technological advancements, automation, and emerging market dynamics.
