The number of persons employed in the manufacture of lifting and handling equipment in Germany is forecasted to increase steadily from 97.8 thousand in 2024 to 103.24 thousand in 2028. Looking back to 2023, employment stood at 96.5 thousand, indicating a consistent upward trend. Year-on-year percentage growth is projected to be approximately 1.41% in 2025, 1.38% in 2026, 1.34% in 2027, and 1.31% in 2028, with an overall Compound Annual Growth Rate (CAGR) of 1.35% over the five-year period.
Future trends to watch for include:
- Technological advancements in automation influencing workforce dynamics.
- Potential impact of regulatory changes on manufacturing processes.
- Shifts in global trade patterns affecting demand for German equipment exports.
