Based on the data provided, employment in the domestic appliances sector in Norway shows a declining trend from 2024 to 2028. The number of persons employed is forecasted to drop year-on-year by approximately 8.4% from 2024 to 2025, 9.2% from 2025 to 2026, 9.9% from 2026 to 2027, and 11% from 2027 to 2028. Over the last five years (2024-2028), the compound annual growth rate (CAGR) reflects an average annual decrease in employment by about 9.6%.
Future trends to watch for include:
- Advancements in automation and technology potentially reducing the need for manual labor.
- Shifts in consumer behavior towards energy-efficient and smart appliances.
- Regulatory changes impacting production practices and employment.