The employment in the manufacture of motorcycles sector in Sweden has experienced a downward trend over the past decade. From a peak of 31 full-time equivalents (FTEs) in 2015, the sector saw a significant decline, with employment decreasing to 19 FTEs by 2023. Notable year-on-year variations include a 19.35% drop in 2016 and a 20.77% decrease in 2020. However, there were slight recoveries, such as a 9.01% increase in 2021 and a 5.26% rise in 2022. The Compound Annual Growth Rate (CAGR) has also been negative, reflecting an ongoing decline with a 3.6% CAGR from 2018 to 2023.
Future forecast indicates a continued decrease, with employment expected to reach 15.33 FTEs by 2028. The forecasted 5-year CAGR suggests a further reduction of 3.37%, amounting to an overall decline of 15.77% in the next five years.
Trends to watch for include shifts in consumer preferences towards electric motorcycles, advancements in automation, and potential policy changes favoring sustainable manufacturing. These factors could either stabilize or accelerate the decline in employment in this sector.
