The German motor vehicles, trailers, and semi-trailers sector is forecasted to see a gradual rise in employment from 891.37 thousand in 2024 to 898.94 thousand in 2028. In 2023, employment stood at 890 thousand, indicating a steady growth trend. Year-on-year variation from 2024 to 2025 is 0.21%, and from 2025 to 2026 is 0.21% as well. The compounded annual growth rate (CAGR) from 2024 to 2028 is projected to be approximately 0.21%, reflecting modest yet consistent growth.
Future trends to watch for:
- Continued advancements in automotive technology leading to a shift in workforce skill requirements.
- Potential impact of economic fluctuations on employment figures, especially in a post-pandemic recovery phase.
- Regulations around environmental sustainability possibly influencing production and employment.
