The Wholesale of Machinery, Equipment, and Supplies sector in Germany is projected to experience steady growth over the coming years. In 2023, the sector had employed approximately 476,000 individuals. By 2024, this number is forecasted to increase to 488.55 thousand, reflecting a gradual upward trend. The annual growth rate between 2024 and 2025 is expected at 2.73%, followed by consistent increases around 2.65% annually, with a Compound Annual Growth Rate (CAGR) of approximately 2.58% from 2024 to 2028. These trends indicate a robust expansion in workforce size over the five-year forecasted period.
Future trends to watch for include evolving technological advancements that could influence employment needs, changes in international trade policies that may affect demand, and increased emphasis on sustainable and energy-efficient machinery which could drive further growth in this sector.
