The hours worked in the aircraft and spacecraft sector in the Netherlands have demonstrated significant fluctuations over the past decade. In 2023, this figure stood at approximately 5.6236 million hours. From 2013 to 2017, there was a notable decline, culminating in a substantial reduction in 2017. However, the period from 2018 to 2019 displayed a brief rebound, followed by relatively stable hours worked from 2020 to 2023. Notably, the average variation per year over the past five years (CAGR) showed minor fluctuations around 0.43% by 2023.
Looking forward, the forecast indicates a modest upward trend with an average annual growth rate of 0.26% through 2028, leading to a marginal total growth rate of 1.31% over the five-year period. This growth suggests a period of stabilization and slight improvement in the sector.
Future trends to watch for include potential impacts of technological advancements, economic cycles, and shifts in demand within the aerospace industry, which may drive further changes in hours worked. Monitoring these factors will be crucial in anticipating future performance and strategic planning.
