The employment in the Installation of Industrial Machinery and Equipment sector in France has demonstrated a clear declining trend over the past decade, starting from approximately 70,000 FTEs in 2013 to around 49,000 FTEs in 2023. This represents an overall decrease of approximately 30% from 2013 levels. The latest data shows a year-on-year decline of -3.69% from 2022 to 2023. Over the last five years, the compound annual growth rate (CAGR) reached -3.77%, indicating a continuously shrinking workforce in this sector.
Future forecasts suggest this decline will persist, with employment expected to fall further to just over 40,000 FTEs by 2028. This forecast reflects a -3.28% CAGR over the upcoming five years, accompanied by a total drop of 15.36% from 2023 to 2028.
Future trends to watch for include:
- Technological advancements leading to increased automation and decreased human labor requirements.
- Changing industrial practices, possibly influenced by shifts in economic policies or market demands.
- The impact of environmental regulations, which may necessitate the installation of new types of equipment.
- Potential shifts in global supply chains that could influence domestic employment needs.
