The employment trend in the industrial gases sector in Austria from 2013 to 2023 has shown fluctuations. There was modest growth between 2013 and 2018, followed by noticeable declines in 2019 and 2020. The workforce saw a recovery in 2021 but slightly decreased again leading up to 2023. The year-on-year variation for 2023 was negative at 0.38%, reflecting a broader trend of shrinking employment in recent years. The last five years' CAGR from 2018 to 2023 indicates an average annual decrease of 1.34%.
From 2024 onwards, forecasted data suggests a gradual but consistent decline in the number of employees in this sector. The forecasted 5-year CAGR to 2028 is -0.31%, marking a continued downtrend in workforce size, though at a slightly reduced rate compared to the immediate past years.
Future trends to watch for include potential technological advancements leading to higher automation, which may reduce the need for human labor. Additionally, economic or policy changes related to industrial gases or broader energy sectors could also impact employment levels. Strategic shifts towards sustainability practices may provide new opportunities while reshaping the industry's workforce needs.
