The Manufacture of Games and Toys sector in Germany has showcased a fluctuating yet generally upward trend in employment over the years. From 2013 to 2023, employment in the sector has grown from 11.92 thousand to 18.82 thousand full-time equivalents. Notable increases were seen in 2018 and 2019, with double-digit growth rates of 13.17% and 11.04%, respectively. However, a significant decline of 17% occurred in 2020, likely due to external economic factors. The sector quickly rebounded in the subsequent years, marking a strong recovery.
As of 2023, employment stands at 18.82 thousand FTE, representing an 8.2% year-on-year increase. Over the past two years, the sector has seen variations indicating resilience and growth. The 5-year CAGR from 2018 to 2023 was approximately 5.85%, reflecting sustained expansion.
Future trends suggest a continued positive outlook with a forecasted 5-year CAGR of 1.55% leading up to 2028, projecting employment to reach 21.03 thousand FTE. Key trends to watch include technological advancements in toy manufacturing, shifts in consumer preferences towards sustainable and educational toys, and potential market expansions driven by digital and innovative product offerings.
