The employment in the manufacture of machinery for the metallurgy sector in Germany is projected to decline steadily from 8.68 thousand FTEs in 2024 to 8.32 thousand FTEs by 2028. The anticipated year-on-year decrease from 2024 to 2025 is approximately 1.04%, and this trend continues with similar gradual reductions yearly, with a cumulative average growth rate (CAGR) of around -1.03% over the five-year period.
Future trends to monitor include:
- The potential impact of automation and digitalization on employment within the industry.
- Changes in global demand for metallurgy machinery as worldwide industrial activity evolves.
- Germany’s policy and investment in green technologies which might redirect traditional metallurgy manufacturing roles.