The employment in the Manufacture of Agricultural and Forestry Machinery sector in Belgium displayed varied trends from 2013 to 2023. In 2023, employment stood at 5.38 thousand FTE. Over the last two years, from 2021 to 2023, there was a positive year-on-year growth rate observed, with increases of 2.27% in 2022 and 2.2% in 2023. The compound annual growth rate (CAGR) over the last five years (2018-2023) was 2.52%, indicating a steady upward trend.

Looking ahead, employment is expected to continue growing, with an anticipated year-on-year growth rate reaching up to 5.94 thousand FTE by 2028. The forecasted 5-year CAGR is estimated at 1.58%, translating into an overall growth rate of 8.16% from 2024 to 2028.

Future trends to watch for:

Adoption of advanced machinery and technology in the sector, which may influence employment needs.
Policy changes and increased EU funding for agricultural and forestry machinery.
Economic factors and global market demand impacting production levels and employment.