In 2023, the number of persons employed in the non-ferrous metals sector in Germany was at 100,000. The forecasted data indicates a minor increase to 101,000 in 2024 and a stable rise to 102,000 for 2025 onwards, maintaining that level through 2028. This reflects an annual growth rate of approximately 1% between 2023 and 2024. The growth rate stabilizes with a projected Compound Annual Growth Rate (CAGR) of 0.4% over the five-year forecast period.
Future trends to watch for:
- Technological advancements may impact employment levels, potentially influencing efficiency and automation.
- Global market demand declines for electric vehicles might also affect the sector significantly, affecting employment numbers.
- Government policies focusing on sustainability could drive changes in workforce requirements in the non-ferrous metals industry.