The forecasted hours worked in Germany's motor vehicles industry show a steady growth from 868.31 million hours in 2024 to 910.78 million hours in 2028. Compared to 2023, this indicates an upward trajectory and a positive market trend. Year-on-year increases from 2024 to 2028 suggest consistent expansion, around 1.2% annually. The five-year Compound Annual Growth Rate (CAGR) is approximately 1.2%, highlighting gradual growth in labor input within the sector.
Future trends to watch for include automation and digital transformation, which may affect labor dynamics. Additionally, shifts towards electric vehicle production could influence the demand for different skill sets and working hours.
