In 2023, the employment in Germany's manufacture of metal-forming machinery and machine tools sector was 116.82 thousand full-time equivalents. The forecast indicates a steady growth in employment, with modest year-on-year increases: 0.26% in 2024, 0.26% in 2025, 0.26% in 2026, 0.26% in 2027, and 0.25% in 2028. The five-year CAGR from 2023 to 2028 is projected at approximately 0.26%.
Future trends to watch include:
- The impact of technological advancements and automation in manufacturing efficiency.
- Potential shifts in demand from key markets influenced by global economic conditions.
- Government policies on industrial development and labor regulations.