From 2013 to 2023, employment in the manufacture of domestic appliances sector in Spain experienced a fluctuating trend. Initially increasing by 4.2% in 2014, it faced declines in the following years with brief upticks in 2016 and 2017. By 2021, employment decreased by 5.78%, followed by reductions in the subsequent years, culminating in a 5.11% drop by 2023.
The compounded annual growth rate (CAGR) over this period was mostly negative, showing an average decrease of 4.42% per year over the last five years. Looking forward, the sector is expected to continue its downward trend, with employment forecasted to decrease annually by 4.73%, leading to a 21.53% drop by 2028.
Future trends to watch for include:
- Impact of automation and Industry 4.0 on employment levels.
- Shift towards sustainable and energy-efficient appliances.
- Potential effects of economic fluctuations and trade policies on the manufacturing sector.
- Global competition and outsourcing trends.
