The employment in the manufacture of lifting and handling equipment sector in Sweden showed fluctuations over the past decade. It reached its peak in 2018 and then experienced a decline. In 2023, employment stood at 9.55 thousand full-time equivalents, with slight reductions forecasted annually through 2028. Over the last two years, the year-on-year variation was -0.33% in 2022 and -0.32% in 2023. The most recent five-year CAGR was -2.87%.
From 2024 onwards, a downward trend continues with a forecasted five-year CAGR of -0.25%. The sector’s employment is expected to slowly decline, reaching 9.4 thousand by 2028, marking a -1.23% change over the period.
Future trends to watch for include technological advancements impacting labor needs, shifts in global supply chains, and potential increases in automation, which could further affect employment dynamics in this sector.
