In 2023, the actual number of employees in the US motor vehicles, trailers, and semi-trailers manufacturing sector stood at approximately 1.42 million. From 2024 onwards, employment in this sector is forecasted to exhibit a steady year-on-year growth of around 0.70%, reaching 1.47 million by 2028. This reflects a Compound Annual Growth Rate (CAGR) of approximately 0.70% from 2024 to 2028.
Future trends to watch for include:
- Automation and technological advancements potentially altering workforce requirements.
- Potential shifts in demand for electric vehicles influencing employment dynamics.
- Global economic conditions and supply chain resilience affecting sector stability.