In 2023, the number of persons employed in the installation of industrial machinery and equipment sector in Brazil stood slightly below forecasted 2024 values.
From 2024 to 2028, a trend of growth is forecasted, with employment numbers expanding from 39.15 thousand to 42.52 thousand employees. The year-on-year variation highlights steady increases: a 2.2% growth from 2024 to 2025, a 2.1% increase from 2025 to 2026, and similar percentages continuing to rise through 2028. Over these five years, a compound annual growth rate (CAGR) of approximately 2.1% is expected.
Future trends to watch for:
- Technological advancements impacting job functions and requiring new skill sets.
- Potential policy changes affecting industrial growth and labor demand.
- Economic factors influencing investment in the industrial sector.