The number of persons employed in Spain's railway locomotives and rolling stock sector has shown a fluctuating yet generally upward trend over the past decade. In 2023, the employment stood at 12.94 thousand employees. Over the last two years (2022-2023), this represented a 1.17% year-on-year increase. From 2018 to 2023, the sector experienced an average annual growth rate, or CAGR, of 0.93%. Additionally, the forecasted data suggests continuous growth, with the number of employees expected to reach 13.66 thousand by 2028, translating to a 0.87% CAGR over the next five years, and an overall growth rate of 4.43%.
Future trends to watch for include technological advancements in railway equipment, shifts towards sustainable transportation, and potential changes in economic conditions that could impact employment levels. Monitoring industry investments and national infrastructure projects will also be key in anticipating future employment trends.