Employment in the Motor Vehicles sector in Finland has shown a steady increase from 2013 to 2023, rising from 9.9 million hours to 15.1 million hours. Significant growth occurred between 2016 and 2017, with employment jumping by 26.21%. Despite a drop in 2020, the industry rebounded and continued to grow, albeit at a slower pace. From 2021 to 2023, the year-on-year variation remained modest, at an average of approximately 2.31%, indicating a stabilization phase.

Looking forward, the forecasted data from 2024 to 2028 suggest a steady growth trajectory, with a forecasted five-year CAGR of 1.74% and an expected growth rate of 9.03% over this period. This implies a moderate and sustained increase in employment in the sector.

Future trends to watch for:

Technological advancements and their impact on labor requirements.
Potential shifts in consumer demand and their effects on production volumes.
Regulatory changes, particularly environmental regulations, influencing employment dynamics.
Global market influences, especially from major automotive markets.