The number of employees in the Manufacture of Musical Instruments sector in France has experienced considerable fluctuations from 2013 to 2023, decreasing from 1.69 thousand in 2013 to 1.38 thousand in 2023. The year-on-year variations show significant ups and downs, with notable declines in years like 2018 and 2021 and a substantial increase in 2019. The average annual change (CAGR) over the past five years leading up to 2023 is 0.59%, indicating modest growth despite recent downtrends.
Future trends to watch for include a projected continued decline in the number of employees in this sector, with a forecasted 5-year CAGR of -1.51% by 2028. This is expected to result in a 7.33% overall reduction in employment figures in the next five years. Key factors to monitor include advancements in automation, changes in consumer demand, and the overall economic environment's impact on the musical instrument manufacturing industry.