In 2023, the number of employees in Germany's forging, pressing, stamping, and roll-forming of metal, along with the powder metallurgy sector, was approximately 132,000. From 2024 to 2028, the workforce is forecasted to rise steadily from 134,280 to 141,580 employees, marking a consistent year-on-year growth. Over the past two years, the annual growth rate has been about 1.5%, while the compound annual growth rate (CAGR) for the forecast period stands at approximately 1.4%.
Future trends to watch include:
- The impact of automation and digitalization on employment levels.
- Potential influence of environmental regulations driving innovation in metal processing.
- Global economic conditions affecting demand in key automotive and manufacturing sectors.
