The employment in the manufacture of fluid power equipment sector in Sweden stood at 6.0 thousand FTEs in 2023. Forecasted employment figures for the coming years are as follows: 2024 at 6.25, 2025 at 6.56, 2026 at 6.83, 2027 at 7.07, and 2028 at 7.27 thousand FTEs. This data reflects a year-on-year growth rate of 4.8% from 2024 to 2025, a 4.1% increase from 2025 to 2026, a 3.5% rise from 2026 to 2027, and a 2.8% uptick from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the forecasted period is approximately 3.8%.
Future trends to watch for include technological advancements in manufacturing processes, increased automation, and possible shifts in global trade policies. Additionally, sustainability concerns might drive changes in production methods, potentially influencing employment patterns within the sector.
