The total hours worked in Spain's doors and metal windows sector has exhibited notable fluctuations, with a clear downward trend over the last decade. In 2023, the hours stood at 56.374 million. The year-on-year variation reveals continuous declines, particularly pronounced from 2020 onwards, culminating in an 11.41% drop in 2023. The last five years saw a negative CAGR of -8.01%, indicating a substantial contraction over this period.
Looking ahead, the forecasted data suggest a persistent downward trajectory, with a projected CAGR of -15.54% over the next five years. This points to a dramatic decrease, forecasting 21.145 million hours by 2028, amounting to a 57.01% decline from the 2023 level.
Future trends to watch for include potential impacts of automation and digitalization on labor demand, shifts in construction activity, and regulatory changes that may influence sector dynamics. Monitoring these factors will be essential for anticipating further industry developments.
